Who Owns Home Depot? Home Depot is a well-known American retailer of home improvement and construction products. So, if you’re curious about knowing who owns this giant retail chain, we’ll explore the history of Home Depot’s ownership and the individuals responsible for its success.
Home Depot has become a household name when it comes to DIY, home improvement, and construction.
With over 2,200 stores across North America, Mexico, and even China, who exactly owns Home Depot? Grab your tool belt and let’s dive in!
Who Owns Home Depot?
The name ” Home Depot” came into being when Ron Brill, Pat Farrah, Bernie Marcus, and Arthur Blank launched the store in 1978.
The first two businesses were opened in Atlanta, Georgia.
With more than 400,000 associates working for them, the company brings in over $130 billion in sales each year.
The business reported net revenues of $135.8 billion for the fiscal year 2022.
The company’s net earnings for the year were $14.1 billion, up from $11.2 billion in the previous year.
Home Depot will begin trading publicly on the New York Stock Exchange (NYSE) in March 2023 with the ticker HD.
As a result, shareholders who have the ability to purchase and sell the company’s shares on the stock market own the business.
The largest shareholders of Home Depot are institutional investors, such as mutual funds and pension funds, who collectively own around 70% of the company’s outstanding shares.
However, it’s a sad reality that the founders of Home Depot no longer own a significant stake in the company.
Bernie Marcus retired in 2002 and sold most of his shares.
Arthur Blank, who also owns the Atlanta Falcons, sold his remaining shares in 2006.
Ron Brill and Pat Farrah are no longer involved with the company.
The Current Leadership of Home Depot
The current CEO of Home Depot is Craig Menear, who has been with the company since 1997.
Menear has held various positions at Home Depot, including executive vice president of merchandising and senior vice president of Hardline.
He became CEO in 2014, succeeding Frank Blake.
Home Depot’s board of directors includes ten members, including Craig Menear.
Some of the members are:
- Stephanie Linnartz, President and CEO of Marriott International
- Jeffery Boyd, Former CEO of Booking Holdings
- Mark Vadon, Co-founder and Executive Chairman of Blue Nile
- Armando Codina, Executive Chairman of Codina Partners
- Karen Katen, Former Vice Chairman of Pfizer
- Greg Brenneman, Chairman of CCMP Capital Advisors
Since Home Depot is a publicly traded business, its shareholders are its owners.
Over the years, the business has continuously produced solid financial performance and has maintained its position as one of the biggest merchants.