Home Depot names Marc Powers EVP U.S. stores

The Home Depot promoted Marc Powers to the role of EVP U.S. Stores, effective Nov. 1, 2014.

"Marc brings a deep understanding of our operations, culture and customers, making him an ideal fit to oversee our U.S. stores," said Frank Blake, chairman and CEO. "We're truly fortunate to have such a deep bench with leaders like Marc."

Powers will transition from his current role as SVP operations, U.S. Stores, which has put him in charge of store operations and customer service programs for the retailer's nearly 2,000 U.S. stores. He began working for The Home Depot as a store associate in 1986.

In his new role, he will be charged with leading the company's three U.S. operating divisions, as well as Pro, Tool Rental and Home Depot's installation business.

Powers replaces Marvin Ellison, who left Home Depot to join J.C. Penney in a role that will eventually put him in the CEO post.