Home Depot's new merchandising chief

 

Home Depot selected Billy Bastek as its new executive vice president of merchandising. Bastek takes the position after playing a key role in the growth of the home improvement retailer's online power tool business. Bastek began working for Home Depot as its vice president of hardware and tools, where he helped grow the company's online sales of tools. He then worked as Home Depot's senior vice president of hardlines, which saw him manage merchandising and marketing strategies for the company's hardware and garden departments. In his new role as merchandising chief, Bastek will be responsible for selecting products to be offered for sale to consumers. He replaces Jeff Kinnaird, who suddenly decided to leave the company, according to the release. Home Depot reported sales of $157.4B for fiscal 2022, a 4% jump from the previous year.