Home Depot Elevates Michael Rowe and Stephanie Smith to Key Executive Roles

Leadership Changes at Home Depot

The Home Depot, recognized as the largest home improvement retailer globally, has taken significant steps in its leadership team with the promotion of two key figures. Michael Rowe has stepped into the role of Executive Vice President (EVP) of Pro, while Stephanie Smith will take on the position of EVP of Human Resources. This transition reflects the company’s ongoing commitment to growth and innovation in its business strategies.

Michael Rowe: New EVP of Pro

Effective immediately, Michael Rowe is now the EVP of Pro at The Home Depot. His primary responsibility will entail overseeing the development and implementation of strategies aimed at expanding the company's business with professional customers. This role involves enhancing crucial capabilities such as delivery services, salesforce development, and customer relationship management tools. With nearly two decades of experience at The Home Depot, Rowe previously served as the president of The Home Depot Canada, where he played a pivotal role in driving unmatched growth in the Pro sector.

Rowe's successful track record at The Home Depot Canada includes high-level roles in online strategy, marketing, and contractor services. His leadership there resulted in a significant increase in business with professional customers, and his insights are expected to lead The Home Depot’s Pro business into a new growth phase.

Ted Decker, the chairman and CEO of The Home Depot, expressed confidence in Rowe's abilities, stating, "We are uniquely positioned to win as we build out our Pro ecosystem... Mike led an unprecedented period of growth across Canada. His vision and operational expertise make him an ideal fit to lead our Pro business moving forward."

Stephanie Smith: EVP of Human Resources

Stephanie Smith's promotion to EVP of Human Resources comes as Tim Hourigan prepares for retirement after a commendable 23-year tenure with the company. Smith, who has successfully spearheaded various leadership roles, including Senior Vice President of Supply Chain, will now oversee initiatives affecting over 470,000 associates at The Home Depot. Her new responsibilities will focus on enhancing the company culture, leadership development, and employee engagement, essential elements for maintaining a motivated workforce.

Decker praised Smith's operational expertise and leadership skills, asserting that her involvement in the supply chain has fostered a robust team environment, promoting higher levels of engagement and performance among associates. With 22 years at the company, her comprehensive understanding of employee challenges positions her well to enhance the corporate culture and forge paths toward greater success.

Acknowledging Contributions

As The Home Depot welcomes Rowe and Smith to their new roles, the organization also acknowledges outgoing EVP of HR, Tim Hourigan. Decker thanked Hourigan for his remarkable career and the legacy he leaves, acknowledging the positive impact on both associates and the organization as a whole.

The Home Depot: A Brief Overview

As a leader in the home improvement sector, The Home Depot operates a vast network of retail locations across North America, including over 2,300 stores and more than 470,000 employees. The company’s commitment to excellence continues under its evolving leadership, ensuring that it remains at the forefront of the industry and meets the needs of its diverse customer base. The recent changes in executive leadership are poised to enhance the company’s focus on professional customers while also enriching the working environment for its associates, fostering a culture of growth and innovation that aligns with the company’s mission of empowering customers and associates alike.

In conclusion, the strategic appointments of Michael Rowe and Stephanie Smith are a testament to The Home Depot's commitment to excellence and growth within the competitive home improvement sector. As they embark on their new roles, their leadership is anticipated to propel the company towards further success as it continues to adapt and thrive in an ever-evolving marketplace.