HD Home Depot Inc

By Denny Jacob

Home Depot Inc. said Thursday its board authorized a new $15 billion share repurchase program.

The home-improvement chain said the new program replaced its previous authorization.

Home Depot's board on Thursday also elected chief executive and president Ted Decker to succeed Craig Menear as chairman. The change, effective Oct. 1, comes as Mr. Menear will retire as chair, effective Sept. 30.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

August 18, 2022 17:56 ET (21:56 GMT)

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