Home Depot China appoints new president

Simon Chuen has been appointed president of Home Depot China, replacing Yves Chen, who resigned the position in November, the company said.

Chuen, who formerly served as Home Depot China’s vp-merchandising, will be responsible for managing the China operations and will work closely with The Home Depot China management team.

Home Depot said Chen, 52, a former executive of Beijing Hualian Hypermarket and Carrefour China, “left due to personal reasons.”

Home Depot acquired Tianjin HomeWay Building Materials Supermarkets in late 2006 and now operates 12 stores in Beijing, Tianjin, Xi’n, Qingdao, Shenyang and Zhengzhou.

“The Home Depot remains strongly committed to and will continue focusing on providing the best quality home-improvement products and services for Chinese customers through close collaboration with partners, relevant government agencies and the communities,” Home Depot spokeswoman Paula Drake told HCN.

During the company’s third-quarter conference call, Home Depot CEO Frank Blake described comparable-store sales in China as negative, largely due to the impact of the Olympics held in China in August.

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