Home Depot Sets Up For CEO Succession

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Home Depot Incorporated named Craig Menear to be its U.S. retail president Friday, setting up a transfer of power at the top of the country's fourth-largest retailer. The fix-it chain has been led by Frank Blake since 2007, who restored battered employee morale and overhauled the company's operations, sending Home Depot's stock up more than 100% during his tenure.

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