Home Depot names Mark Vadon to its board

The Home Depot has announced the appointment of Mark Vadon, 42, to the its board of directors. Vadon will be a member of the Audit and Finance Committees. His appointment gives the company 11 directors, 10 of whom are independent.

In 1999, Vadon co-founded Blue Nile, an online retailer of diamonds and fine jewelry, and has served as the chairman of its board of directors since its inception. Vadon has also served as the company’s executive chairman, CEO and president. Prior to co-founding Blue Nile, Vadon was a consultant for Bain & Co., which he joined in 1992. In 2009, Vadon co-founded zulily, a daily deals site for moms, babies and kids. He serves as the chairman of its board of directors.

"Mark's expertise in developing and implementing successful online strategies will be a benefit to our company and an asset to our board," said Frank Blake, chairman and CEO. "I am pleased to welcome him to the board and look forward to his contributions."