|The Home Depot Names Mark Holifield as Senior Vice President, Supply Chain|
ATLANTA, June 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Home Depot(R), the world's largest home improvement retailer, today announced it has named Mark Holifield as senior vice president, Supply Chain. Holifield will report to Tom Taylor, the Company's executive vice president, Merchandising and Marketing. Holifield will be responsible for the Company's inventory management, transportation, domestic distribution and international logistics operations.
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Holifield will join the Company in mid-July. He will replace Marvin Ellison, who was promoted to president of The Home Depot's Northern Division in January.
Holifield has 29 years of experience in supply chain, logistics and transportation. He joins The Home Depot from Office Depot Inc., where he served as executive vice president, supply chain management. In that role, he was responsible for the operation of Office Depot's global supply chain, including inventory management, distribution, transportation, delivery and supply chain development.
During his 12 years at Office Depot, Holifield rose steadily through the ranks and held numerous positions of increasing responsibility in supply chain, logistics and transportation. He was the chief architect of the Office Depot supply chain infrastructure, including development of the distribution network, facilities, processes, systems and talent. His results at Office Depot demonstrate a track record of continuous improvement in supply chain customer service, inventory productivity and total supply chain costs.
"Mark has the exact experience The Home Depot needs to continue to improve our supply chain management. His international experience also will help as we continue to expand the market and enter new geographies," Taylor said. "His hiring is a major step for the future of our supply chain operation."
Prior to joining Office Depot, Holifield was director of consulting projects at Dallas Systems Corp. and traffic manager for Frito-Lay Inc. He also worked in logistics for nine years at H.E. Butt Grocery Co. Holifield holds a bachelor's degree from the University of Texas and an MBA from Baylor University.
The Home Depot(R) is the world's largest home improvement specialty retailer, with 2,071 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces and Mexico. Through its HD Supply(SM) businesses, The Home Depot is also one of the largest diversified wholesale distributors in the United States, with more than 900 locations in the United States and Canada offering products and services for building, improving and maintaining homes, businesses and municipal infrastructures. In fiscal 2005, The Home Depot had sales of $81.5 billion and earnings of $5.8 billion. The Company employs approximately 355,000 associates and has been recognized by FORTUNE magazine as the No. 1 Most Admired Specialty Retailer and the No. 13 Most Admired Corporation in America for 2006. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index. HDG
SOURCE The Home Depot
Tony Wilbert, Public Relations Manager of The Home Depot, +1-770-384-3791, firstname.lastname@example.org
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