Founded in 1978 by Bernie Marcus and Arthur Blank, Home Depot began as a visionary superstore for DIY enthusiasts. The company has grown from a small venture in Los Angeles to the world’s largest home improvement retailer. Home Depot now operates over 2,300 locations, including in the U.S. and internationally. The company offers more than a million products, with a growing presence in both physical retail and e-commerce, making it a key player in the home improvement industry
Who is Home Depot’s CEO?
Since March 2022, Edward “Ted” Decker has served as the CEO of Home Depot, succeeding Craig Menear. Decker, who joined the company in 2000, has held multiple leadership roles, from Director of Business Valuation to President and COO. His extensive experience in both retail finance and merchandising has been critical to Home Depot’s success. Under his leadership, the company continues to lead in innovation and customer satisfaction, with a focus on blending the “art and science of retail.”
Home Depot CEO Salary Information
Ted Decker’s compensation reflects his pivotal role in steering Home Depot to continued success. According to recent data from 2021, the total annual compensation for the CEO was approximately $13,059,751. This amount includes:
- $1,300,000 in base salary
- $4,388,180 in bonuses
- $1,459,998 in stock options
- $5,839,484 in stock awards
- $72,089 in additional compensation
Headquarters and Global Reach
Home Depot started with two stores in Atlanta, Georgia, and has since expanded to more than 2,300 locations worldwide. The company has made its mark in both physical and digital retail, becoming the fastest-growing e-commerce retailer in the home improvement sector. The average store spans 105,000 square feet and employs a workforce of nearly 500,000.
Conclusion
Home Depot’s growth is a testament to its dedication to customer satisfaction and its innovative leadership. CEO Ted Decker’s competitive salary and compensation package reflect his crucial role in the company’s ongoing success. As Home Depot continues to provide valuable products and services to customers, it remains a leader in the home improvement sector.
FAQs
1. What is Ted Decker’s role at Home Depot?
Ted Decker is the CEO of Home Depot, overseeing the company’s operations and long-term strategy.
2. How much does the CEO of Home Depot earn?
In 2021, Ted Decker’s total compensation was about $13 million, including salary, bonuses, and stock options.
3. How many Home Depot locations are there?
Home Depot operates over 2,300 stores worldwide, including locations in the U.S., Canada, and Mexico.
4. Who founded Home Depot?
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank, who were both former employees of another home improvement company.
Tables with Relevant Data
| Compensation Type | Amount ($) |
|---|---|
| Base Salary | 1,300,000 |
| Bonus | 4,388,180 |
| Stock Options | 1,459,998 |
| Stock Awards | 5,839,484 |
| Other Compensation | 72,089 |
| Total Compensation | 13,059,751 |
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