The Home Depot Announces Executive Leadership Changes
ATLANTA, GA – March 4, 2025
In a press release issued today, The Home Depot, the world’s leading home improvement retailer, announced significant changes to its executive leadership team. Michael Rowe has been appointed as Executive Vice President (EVP) of Pro, effective immediately. Simultaneously, Stephanie Smith has been promoted to the role of EVP, set to succeed Tim Hourigan, who will retire on June 6 after nearly 23 years of dedicated service to the company.
Michael Rowe: The New Executive Vice President of Pro
Michael Rowe, a seasoned industry veteran with over 30 years of experience in home improvement retail, joins The Home Depot’s executive team. In his new role, Rowe will lead the company’s Pro business, which accounts for approximately 40% of The Home Depot’s total sales. He previously served as the Senior Vice President of Pro Sales and Service for the company.
Stephanie Smith: The New Executive Vice President of Human Resources
Stephanie Smith, who has been with The Home Depot for 15 years, has been promoted to the position of Executive Vice President of Human Resources. Smith will assume her new role upon Tim Hourigan’s retirement on June 6. During her tenure at The Home Depot, she has held various leadership roles, most recently as the Senior Vice President of Human Resources for the Northern Division.
Impact on Consumers
These leadership changes are expected to have a positive impact on The Home Depot’s Pro customers. With Rowe’s extensive experience in the Pro business, he is well-positioned to drive growth and innovation in this critical segment. Additionally, Smith’s promotion to EVP of Human Resources ensures continuity and strong leadership in the human resources function, which will enable the company to attract and retain top talent to better serve its customers.
Impact on the Industry
The Home Depot’s leadership changes could have far-reaching implications for the home improvement industry. Rowe’s focus on the Pro business may lead to increased competition in this segment, as other retailers look to respond. Meanwhile, Smith’s promotion to EVP of Human Resources may set a trend for other retailers to prioritize talent management and development as a key driver of business success.
Conclusion
The Home Depot’s announcement of executive leadership changes marks an exciting new chapter for the world’s largest home improvement retailer. With the appointment of Michael Rowe as Executive Vice President of Pro and Stephanie Smith’s promotion to Executive Vice President of Human Resources, the company is well-positioned to continue driving growth and innovation in the home improvement industry. Consumers and industry observers will be watching closely to see how these changes unfold.
- Michael Rowe appointed as Executive Vice President of Pro
- Stephanie Smith promoted to Executive Vice President of Human Resources
- Positive impact on Pro business and human resources function
- Implications for competition and industry trends
