Summary
This 8-K filing from The Home Depot, Inc. (HD) primarily announces a key executive departure and appointment. Annette M. Verschuren, Division President – Canada, is leaving the company at the end of fiscal year 2010. She will receive her accrued incentive compensation and severance benefits as per her existing agreements, which includes a non-competition agreement. Aaron Carmack, currently a Regional Vice President, will assume the role of Division President – Canada, effective January 31, 2011. Ms. Verschuren will support the transition. This filing provides insight into leadership changes within a significant international division of Home Depot.
Key Highlights
- 1Annette M. Verschuren, Division President – Canada, is departing The Home Depot.
- 2Ms. Verschuren will receive incentive compensation through the end of fiscal year 2010.
- 3She is also entitled to severance benefits under her non-competition agreement.
- 4Aaron Carmack has been appointed as the new Division President – Canada.
- 5Mr. Carmack's appointment is effective January 31, 2011.
- 6Ms. Verschuren will assist in the transition of duties to Mr. Carmack.