Home Depot: Introducing Li’l Franky

Home Depot has a new CEO!

His name is Frank Blake, but just who is he?

From Frank’s Executive Vice President Bio on Home Depot’s website:

    Frank previously served as deputy secretary for the U.S. Department of Energy (DOE), a role similar to that of chief operating officer in the private sector. There, he was a leader in departmental policy decisions and managed DOE’s annual $19 billion budget. Prior to that, Frank served in a variety of executive roles at General Electric….
    Frank’s public sector experience also includes having served as general counsel for the U.S. Environmental Protection Agency (EPA), deputy counsel to Vice President George Bush, and law clerk to Justice Stevens of the U.S. Supreme Court…
    He holds a bachelor’s degree from Harvard College and a jurisprudence degree from Columbia University School of Law.

Let’s all give a big welcome to L’il Franky. He’ll need it, because due to the backlash over his predecessor “Big Bob” Nardelli’s huge golden parachute, Franky was not offered a severance package. Also, rather than making 25.7 million dollars a year, Li’l Franky’s maximum salary (plus bonuses) is only 8.9 million. Poor Li’l Franky. —MEGHANN MARCO

Home Depot Paying CEO ‘Low’ $8.9M Salary [Yahoo! ]