HOME DEPOT ANNOUNCES APPOINTMENT OF EDWARD A. WOLFE AS VICE PRESIDENT OF LOSS PREVENTION
HOME DEPOT ANNOUNCES APPOINTMENT OF EDWARD A. WOLFE
AS VICE PRESIDENT OF LOSS PREVENTION
ATLANTA, Nov. 8 /PRNewswire/ -- The Home Depot (NYSE: HD), the nation's largest home center retailer, today announced the appointment of Edward A. Wolfe as vice president - Loss Prevention.
Wolfe will start work on Nov. 15. He comes to The Home Depot from Los Angeles-based Carter Hawley Hale, parent company of Neiman-Marcus, operating 305 department and specialty stores, where he served as the vice president of Loss Prevention for more than five years. He was the vice president of Loss Prevention and Sales Support Services for Neiman-Marcus between 1983 and 1986 prior to his promotion to the parent company. Previously Wolfe was with the May Company where he was the divisional vice president of Security.
"We are pleased Ed Wolfe is joining us at this exciting time in the history of The Home Depot," said Arthur Blank, president and chief operating officer. "We're presently operating 165 stores in 15 states and plan to open new stores at the rate of approximately 25 percent per year, so by the end of 1996, Home Depot will be operating approximately 535 stores," added Blank.
The Home Depot, founded in 1978, is credited with being a leading innovator in the home center retail industry by combining the economies of scale inherent in a warehouse format with a level of service unprecedented among warehouse style retailers.
Its stock is traded on the New York Stock Exchange under the symbol, "HD," and is included in the Standard & Poor's 500 index.
/CONTACT: Jerry Shields of The Home Depot, 404-431-2741/
(HD) CO: The Home Depot ST: Georgia IN: REA SU: PER BR-BN -- AT009 -- 2721 11/08/91 16:38 EST