Home Depot appoints Angie Brown as new EVP and CIO

ATLANTA - The Home Depot (NYSE: HD), a leading home improvement retailer with a market capitalization of $366 billion, has named Angie Brown as the new Executive Vice President and Chief Information Officer (CIO). In her new role, Brown will oversee the company’s comprehensive technology strategy, which includes maintaining infrastructure, enhancing cybersecurity, and overseeing software development initiatives for its vast network of retail stores, supply chain facilities, support centers, and online platforms. According to InvestingPro data, the company maintains a GOOD financial health score, supported by strong profitability metrics and robust cash flows.

Brown, a seasoned professional with 27 years at The Home Depot, has progressed through various roles within the company’s technology sector. Prior to her appointment as EVP and CIO, she served as Senior Vice President of Information Technology. Her tenure is marked by the introduction of significant digital advancements aimed at improving customer and staff experiences, such as personalization features, supply chain transparency, and merchandising analytics. These initiatives have contributed to the company’s impressive revenue of $163 billion in the last twelve months, with a healthy gross profit margin of 33.3%.

Ted Decker, The Home Depot’s Chair, President, and CEO, praised Brown’s customer-centric approach and her contributions to modernizing the customer experience. He credited her strategic vision and extensive knowledge as pivotal in evolving the company’s interconnected experience, which aims to simplify and enhance the home improvement process for customers.

Brown succeeds Fahim Siddiqui, who is departing from The Home Depot. Decker acknowledged Siddiqui’s key role in upgrading the company’s technological infrastructure and expressed gratitude for his efforts in advancing their strategic objectives.

The Home Depot operates over 2,350 retail stores and more than 790 branches throughout the United States, including the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, as well as in 10 Canadian provinces and Mexico. The company employs more than 470,000 associates and is publicly traded on the New York Stock Exchange (NYSE:HD), forming part of the Dow Jones Industrial Average and the S&P 500 index.

This announcement is based on a press release statement issued by The Home Depot.

In other recent news, The Home Depot announced a quarterly cash dividend of $2.30 per share, payable on June 18, 2025, marking its 153rd consecutive quarter of dividend payouts. Guggenheim has reaffirmed its Buy rating with a $450 price target for Home Depot, citing the company’s first-quarter performance and strategic initiatives, such as enhancing the PRO ecosystem and expanding partnerships. Meanwhile, TD Cowen also maintained a Buy rating, setting a higher price target of $470, praising Home Depot’s effective tariff management and consistent performance despite external pressures. Baird adjusted its price target to $425 from $430, while maintaining an Outperform rating, highlighting strong comparable store sales in April and Home Depot’s steady demand in smaller projects. RBC Capital Markets kept a Sector Perform rating with a $399 price target, noting a slight improvement in comparable sales forecasts and adjusted earnings per share for the second quarter. These developments reflect Home Depot’s ongoing strategies and financial practices amidst economic challenges and market conditions.

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