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.