Bloomberg: Home Depot president of U.S. ops groomed to be CEO

Newly promoted Home Depot (HD) executive Craig Menear is the favorite to succeed Frank Blake as CEO of the home-improvement chain, Bloomberg reports.

Menear was elevated to president of Home Depot's U.S. retail division as part of a succession plan for Blake, who will turn 65 in July. There's no timeline for when the latter would leave his job.

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