The Home Depot Names Matt Carey Executive Vice President and Chief Information Officer

Carey will have responsibility for all aspects of the Company's information technology, communication systems and services. He joins The Home Depot from eBay, where he was senior vice president and chief technology officer. In that role, he was responsible for all product development, site operations, electronic security, product planning, platform engineering, data warehousing, trust and safety, and catalog operations for eBay Marketplaces.

Prior to eBay, Carey spent more than 20 years with Wal-Mart, where his most recent role was senior vice president and chief technology officer. He joined Wal-Mart in 1985 as programmer trainee and quickly worked his way up through the organization. During his tenure there, he managed the rollout of the wireless RF infrastructure, had responsibility for the company's Mainframe Large Systems and Data Warehouse, and led the implementation and integration of wal-mart.com and samsclub.com, among many other accomplishments.

"I am thrilled to welcome Matt to The Home Depot," said Frank Blake. "His functional expertise, coupled with his knowledge of retail, makes him a terrific fit for our Company. I am looking forward to the impact Matt will have on our entire organization."

Carey will succeed Bob DeRodes, who announced in April his plans to depart the Company following the selection of his replacement. DeRodes, who joined The Home Depot in February 2002, will assist in the transition of his responsibilities to Carey.

The Home Depot(R) is the world's largest home improvement specialty retailer, with 2,260 retail stores in all 50 states, theDistrict of Columbia, Puerto Rico,U.S. Virgin Islands,Guam, 10 Canadian provinces,Mexico and China. In fiscal 2007, The Home Depot had sales of $77.3 billion and earnings from continuing operations of $4.2 billion. The Company employs more than 300,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index. HDG

SOURCE The Home Depot

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