Ted Decker is Home Depot’s new EVP merchandising
The Home Depot has promoted Ted Decker to the position of EVP merchandising, where he will take the helm of the company’s merchandising strategy and operations. Effective Aug. 4, Decker will transition from his most recent role as SVP retail finance and begin reporting to Craig Menear, president U.S. Retail.
Decker has been with the company for 14 years, during which time he played an integral role in the company’s merchandising transformation and led the implementation of new pricing and analytics processes.
"Ted’s business acumen and retail experience have enabled him to serve as a broad contributor to our success in the marketplace over the past several years," said Menear. "His leadership and strategic expertise make him a perfect fit to lead our merchandising team going forward."
Prior to joining The Home Depot in 2000, Decker held various positions in strategic planning, business development, finance and treasury at Kimberly-Clark Corp. and Scott Paper Co.
Global drywall demand to grow 5.8% per year
The latest World Drywall & Building Plaster study from The Freedonia Group puts global drywall demand at 10.4 billion square meters by 2018, indicating an annual growth rate of 5.8%. This stands in stark contrast to demand during the 2008-2013 period.
Freedonia analyst Allison Blackburn noted that the growth will largely ride on the back of the Chinese and U.S. market, where nearly three-quarters of new demand will be generated.
“Rebounds in building construction spending after a period of decline in both North America and Western Europe and solid, but decelerating, growth in the important Asia/Pacific region will be the primary drivers of growth,” said analyst Allison Blackburn. “Increasing demand in the Africa/Mideast region, where drywall continues to gain popularity over more traditional building materials, will also contribute to gains.”
Freedonia estimates that drywall sales will grow 8.7% annually in the United States during this period and 7.2% annually in China. However, steady gains are expected in industrializing countries like Brazil, India, Mexico, Saudi Arabia and Turkey, where there’s an increasing demand for urban housing and usage of drywall over building plaster. Growth in Western Europe will also advance, but less quickly — a 2.5% annual demand increase puts demand at 1.2 billion square meters by 2018, the slowest rate globally.
Philips recalls Lightolier glass lenses
Philips Lighting is recalling about 7,500 units of its “Lightolier” brand AF4SY Decorative Glass Lens after receiving one report of the glass lens breaking. According to the Consumer Product Safety Commission, the decorative glass lens has displayed a tendency to shatter, posing a risk to consumers below.
The affected lens is about 4.75 ins. in diameter and 1/8-in. thick with no markings on the product. The lenses were manufactured between January 2007 and December 2013 by Gray Glass Company of Queens Village, New York, and distributed by electrical wholesale distributors nationwide between February 2007 and December 2013 for $25 to $30.
The CPSC is urging consumers to immediately remove the lens and contact Philips Lighting for a free replacement unit. No injuries have yet been reported.