Investing.com -- Frank Blake a former chairman of The Home Deport was elected to the Macy's Board of Directors on Monday, increasing the size of the company's board to 14 members.
Blake, 66, became the chairman and CEO of Home Depot (N:HD) in 2007, where he spent years until retiring from the position last November and as the company's chairman in February. Blake joined Home Depot in 2002 as the company's executive vice president for business development and corporate operations. While in the position, Blake was responsible for real estate, store construction, credit services, strategic business development, growth initiatives, call centers and the home services business among other duties.
“Frank Blake is an outstanding addition to Macy’s, Inc.’s board, which is one of the strongest and most diverse in our industry,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc. “Frank has deep operating experience and will be helpful as we seek continuous improvement in execution, especially in our stores organization."
"At Home Depot, he created a service culture and stressed employee engagement in leading one of America’s largest retailers through a period of exceptional growth and success. Moreover, he is deeply experienced in corporate governance and the management of large and complex organizations. We look forward to his guidance and counsel as Macy’s, Inc. pursues new directions in serving customers at a time of evolving shopping preferences and patterns.”
Before joining Home Depot, Blake served as deputy secretary of the U.S. Department of Energy under Bill Richardson. Prior to that, Blake was the general counsel for General Electric (N:GE), where he also held the title of senior vice president of Corporate Business Development. In that capacity, Balke led all business development efforts, including worldwide mergers and dispositions. Blake received a bachelor's degree from Harvard and a juris doctor from Columbia Law School.
Macy's is scheduled to report its third quarter results on Wednesday before the open of financial markets.