Ellison to replace Raines at Home Depot
Home Depot announced today the promotion of Marvin Ellison to the position of executive vp-U.S. stores, effective immediately.
In the position, Ellison will be responsible for the operations of all the nearly 2,000 stores the company operates in the United States, Guam, Puerto Rico and the U.S. Virgin Islands. Ellison had been serving as president of the companyOs Northern Division since January 2006.
Ellison is replacing Paul Raines, who has served as executive vp-U.S. stores since April 2007. Raines is resigning from Home Depot for an opportunity with another company. Click here for Raines’ most recent interview with Home Channel News.
Since joining the company in 2002 as vp-loss prevention, Ellison has held several positions of increasing responsibility, including senior vp-logistics.
Previously, Ellison spent 15 years in operations at Target, where he held various management and executive level positions with that organization.
“Marvin is a terrific leader with more than 20 years of retail experience across a variety of functional areas,” said Frank Blake, chairman and CEO. “He has achieved a tremendous amount of success in the Northern Division during the past two and a half years, and we look forward to him having an impact throughout our entire domestic store base.”
“I would like to thank Paul for his contributions to Home Depot. His commitment to the company during the past eight years is genuinely appreciated, and we wish him well in the future,” said Blake.
Toro’s earnings decline in third quarter
Pointing to the weakness of the domestic economy, Toro reported fiscal third-quarter net earnings of $38.2 million, down 10.1 percent from $42.5 million last year.
New sales grew 3 percent to $492.6 million, up from $478.7 million the previous year, which the company attributed to the strength of its international business.
Professional segment net sales for the quarter increased 5.9 percent to $351.6 million, while residential sales declined 0.6 percent to $132.1 million.
The company expects overall economic conditions to remain difficult for the remainder of fiscal 2008. “In the current environment, we’ll maintain our focus on driving retail demand, managing inventory levels and addressing rising commodity costs,” said Michael J. Hoffman, Toro’s chairman and CEO.
Do it Best names e-commerce manager
Do it Best has hired Joe Caldwell — who has a background in e-commerce infrastructure and more than five year’s experience in network administration — as its e-commerce manager.
In this position, Caldwell will oversee the development, administration and operation of the company’s Web site, doitbest.com, including coordinating on-site advertising with vendors and shipping orders. The company’s customer service center, which helps members with logistics, shipping and product information, also falls under his jurisdiction.
Caldwell will report to Bill Zielke, vp-marketing, for the Fort Wayne, Ind.-based co-op.
Caldwell previously worked as facility manager with Brentwood, Tenn.-based American Color, one of North America’s largest full-service premedia and print companies, where he managed the print projects for Do it Best. Prior to that, he worked with Kruse International in Auburn, Ind., as a network administrator, coordinating the online and live auto auction administration.
Aresident of Fort Wayne, Ind., Caldwell is currently working toward his bachelor’s degree in internet information security at ITT Technical Institute.