The Home Depot announced an organizational realignment to accelerate innovation and capture more of its $1.2 trillion total addressable market. The company unified its private label merchants into the core merchandising organization under Billy Bastek, executive vice president of merchandising, to speed product innovation. It also combined customer experience, online, financial services, and loyalty teams into a single interconnected retail unit led by Jordan Broggi, executive vice president of interconnected retail, aiming to deliver more personalized offers. To target the roughly $700 billion Pro market, the company evolved its Office of Integration into the Office of Pro Acceleration under Richard McPhail, executive vice president and chief financial officer, to coordinate capabilities across Home Depot Pro, HD Supply, SRS, and Construction Resources. Additionally, store, supply chain, and Pro product technology teams will move under Chief Technology Officer Fran Bell to bring new technology to market faster.
The Home Depot IncOrganizational realignment aims to accelerate product innovation and bring new technology to market faster.