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House Depot” s board OKs $15 billion share buyback program

house-depot”-s-board-oks-$15-billion-share-buyback-program

Home Depot Inc. HD, -0.17% claimed late Thursday its board has actually licensed a brand-new $15 billion share buyback program, changing a previous consent. In a different statement, the specialized merchant claimed that the board has actually chosen Chief Executive and also President Ted Decker as chair, efficient Oct. 1. Decker will certainly prosper Craig Menear, that will certainly retire as chair on Sept. 30, the firm stated. Residence Depot called Decker as CEO in January, and also at the time likewise introduced that then-CEO Menear would certainly remain to function as chairman of the board. House Depot shares climbed 1.2% in the extensive session Thursday after finishing the routine trading day down 0.2%.

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