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Topic: Robert Nardelli


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In the News (Thu 16 Feb 12)

  
 [No title]
Nardelli, who was named president and CEO of The Home Depot in December 2000, is a 1971 WIU graduate.
Nardelli was a three-year letterman on the Leathernecks football team from 1968-70 and was co captain and an all-state and all-conference performer in 1970.
"Robert Nardelli's personal involvement with WIU, as well as in numerous professional and civic organizations in New York with GE and throughout Home Depot's national network of stores has made him a figure of respect throughout the nation," Spencer said.
www.wiu.edu /cgi/users/miuniv/cgi-bin/printRelease.cgi?id=598   (453 words)

  
 GE exec to head Home Depot - Dec. 5, 2000
NEW YORK (CNNfn) - Robert Nardelli, chief executive of General Electric Co.'s Power Systems business and one of the finalists who was passed over to succeed Jack Welch as GE's CEO, was named CEO of Home Depot Inc. instead Tuesday evening.
The move meant that Nardelli became the second unsuccessful finalist for the top spot at GE to be named to head another component of the Dow Jones industrial average.
Nardelli will join Blank, Marcus, Kenneth Langone and Milledge Hart III on the company's executive committee, as well take a position on the company's board of directors.
money.cnn.com /2000/12/05/news/nardelli   (842 words)

  
 Robert Nardelli
Nardelli's own missteps exacerbated the problem: A plan to centralize purchasing led to out-of-stock items early on.
Nardelli, 56, the former head of General Electric Co.'s (GE) Power Systems unit, persevered.
Nardelli raised his goal for annual profit growth last year to about 20% from 10% to 14%.
www.businessweek.com /magazine/content/05_02/b3915610.htm   (495 words)

  
 HOME DEPOT CEO BOB NARDELLI REAFFIRMS GOAL OF BECOMING $100 BILLION COMPANY BY 2007 DESPITE "UNPRECEDENTED, UNCHARTED, ...
Nardelli succeeded outgoing Home Depot co-founder Arthur Blank as CEO and president in December 2000, then assumed the additional responsibility of chairman of the board from another of Home Depot's co-founders, Bernie Marcus, in January 2002.
Nardelli said the baby boom generation that drove the home improvement trends through the 1990s are now ready to put their hammers and paintbrushes down and let someone else do the work.
Nardelli was the featured speaker at the Terry Third Thursday executive speaker series, held on the third Thursday of each month at the Atlanta Financial Center in Buckhead.
www.terry.uga.edu /news/releases/2002/ttt_nardelli.html   (467 words)

  
 DSN Retailing Today: Home Depot's Nardelli unveils blueprint for the future - president and CEO Robert Nardelli - Brief ...
This is especially important given the current retail environment and consumer confidence, which Nardelli described as "pretty stubborn." He said while interest rate cuts have helped, with more homeowners refinancing their mortages, consumers aren't spending as much on home improvement projects as they did during the last economic downturn.
Nardelli said both programs have yielded positive results, as well as a separate test of the chain's second pro-only store that recently opened in the Phoenix market.
Nardelli said The Home Depot was interested in products that would differentiate the chain, as well as quality, fulfillment, price, innovation and terms and conditions.
www.findarticles.com /p/articles/mi_m0FNP/is_17_40/ai_78051922   (1033 words)

  
 SternBusiness Fall/Winter 2003
Robert Nardelli is Chairman, President and Chief Executive Officer of The Home Depot, Inc. With more than 1,600 stores in North America and 2002 sales of $58.2 billion, Home Depot is the world's largest home improvement retailer and the second largest retailer in the U.S. Prior to joining Home Depot in December 2000, Mr.
Nardelli was President and Chief Executive Officer at General Electric's power systems unit, where he transformed the division into a $20 billion worldwide leader in the energy industry.
Nardelli took the helm at Home Depot in 2000, the company has seen a 28 percent increase in annual sales, and a 42 percent increase in annual net earnings.
www.stern.nyu.edu /Sternbusiness/spring_summer_2004/interviews.html   (2482 words)

  
 Home Depot sees gold in older, urban neighborhoods
Nardelli called the home-construction business the "sweetest spot" of retailing because of the country's home-building spurt and fascination with upgrading older housing.
Nardelli spoke to the Sun-Times after he led 125 orange-shirted workers in cheers at the start of a volunteer service day at the Carole Robertson Center for Learning in the North Lawndale neighborhood.
Nardelli credited the company's innovation and its employees' commitment with helping to drive the retailer's ability to double its dividend and increase its top line by $19 billion in the past three years, repurchase $5 billion in stock in the past two years, and invest $14 billion to build and modernize stores.
www.suntimes.com /output/business/cst-fin-home29.html   (516 words)

  
 USATODAY.com - Home Depot's chief builds on big dreams   (Site not responding. Last check: 2007-10-15)
Nardelli's growth strategy — his goal is a $100 billion company by 2005 — has been to move the company beyond selling just goods to selling home services.
Nardelli has countered with cash bonuses tied to sales and an order that stocking be done overnight so associates are free to help customers.
Nardelli declined comment on Castorama, but agrees Europe is on his radar.
www.usatoday.com /money/covers/2002-06-14-home-depot.htm   (1833 words)

  
 The Home Depot Names Robert L. Nardelli President & Chief Executive Officer
Nardelli joins Home Depot from General Electric Company, where he has served since 1995 as president and chief executive officer of GE Power Systems, a $15-billion division.
Nardelli, who started his career at GE in 1971, was also a senior vice president of General Electric Company and member of the Board of Directors of GE Capital Corporation.
Nardelli started his career at GE in 1971, advancing through manufacturing leadership positions in the Company's Appliances, Lighting and Transportation Systems business units.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-05-2000/0001380383&EDATE=   (631 words)

  
 Robert L. Nardelli, President & CEO is Elected Chairman of the Board of The Home Depot(R)
Nardelli joined Home Depot Dec. 4, 2000, as President and CEO, following a successful career at GE Power Systems, where he was president and CEO.
Nardelli started his career at GE in 1971, advancing through a number of leadership positions.
Nardelli returned to GE in 1991 as President and Chief Executive Officer of CAMCO, Inc., GE's Canadian Appliance Manufacturing Co., in Toronto, Ontario.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-20-2001/0001619816&EDATE=   (586 words)

  
 At home at the helm - PittsburghLIVE.com
When Nardelli took over Home Depot in 2000, sales at stores open at least a year had slowed for six consecutive quarters and earnings were falling, snapping a 15-year streak of gains.
Nardelli moved to reverse that view by halting the slide in sales at stores that had been open at least one year -- reporting positive results in four straight quarters.
Nardelli, who began his GE career loading televisions into boxes during college, lingers in the appliance showroom, pointing out $1,099 GE Adora refrigerators and opening the door on a $1,199 Maytag Neptune dryer to show how clothes can be steamed dry on hangers.
www.pittsburghlive.com /x/tribune-review/business/s_204880.html   (1355 words)

  
 The Home Depot, Inc. - CEO
Under Nardelli's leadership since late 2000, The Home Depot has set a clear strategy for continued growth by enhancing its core retail network through distinctive and innovative merchandise, store modernization and technology investment; extending its business through new store formats, online sales and installation services; and by expanding to new geographies and professional customer segments.
Nardelli received his bachelor's degree in business from Western Illinois University and earned a master's of business administration from the University of Louisville.
Nardelli returned in 1991 to GE, where he held roles of increasing responsibility, including president and CEO of CAMCO Inc., GE's Canadian Appliance Manufacturing Company; president and CEO of GE Transportation Systems in Erie, Pa.; and president and CEO of GE Power Systems.
ir.homedepot.com /leadership.cfm?BioPage=ceo   (535 words)

  
 depot1   (Site not responding. Last check: 2007-10-15)
Nardelli, who is expected to become chairman at year's end, joined the company in December from General Electric Co., whose businesses range from aerospace to broadcasting.
Nardelli said Home Depot will also expand its Pro initiative, which caters to professional contractors, by adding 335 Pro segments to existing stores this year, bringing its total to 500.
Nardelli also told shareholders Home Depot is mindful of global growth, and for the time being will focus on Puerto Rico, Argentina, Chile and Mexico, where it already has stores.
www.uwosh.edu /faculty_staff/palmeri/commentary/depot1.htm   (493 words)

  
 Atlanta,Georgia,11Alive,ATLANTA,News,Weather,Doppler,sports,events   (Site not responding. Last check: 2007-10-15)
Nardelli's base salary of $2 million was not increased during 2003 or 2004.
His "other annual compensation" in 2004 includes $2.2 million for the forgiveness of a loan, $1.7 million for tax payments related to the forgiveness of the loan and interest, and $3.4 million in tax payments.
When he was hired by Home Depot, Nardelli received a $10 million loan from the company, which accrues interest at the rate of 5.87 percent per year, compounded annually.
www.11alive.com /news/printarticle.aspx?storyid=60970   (254 words)

  
 NASCAR.com - Robert L. Nardelli Chooses Not to Stand for Reelection to Coca-Cola Board of Directors - January 6, 2005
The Coca-Cola Company said today that Director Robert L. Nardelli, citing increasing demands on his time as Chairman, President and CEO of The Home Depot, has decided not to stand for reelection to The Coca-Cola Company's board of directors.
Nardelli said: "Due to increasing demands on my time at The Home Depot, I have decided not to stand for reelection to The Coca-Cola Company board of directors in 2005.
Nardelli has served as a director of The Coca-Cola Company since 2002.
www.nascar.com /2005/news/business/press/01/06/3521250   (382 words)

  
 Reporting to the Depot | workforce.com
None of this is news to Nardelli and Donovan, who had recognized the advantages of hiring associates with military experience early on when they worked together at General Electric, where Donovan was vice president of human resources for a division from 1986-98.
When Nardelli and Donovan were new at the company, they realized that Home Depot had outgrown its decentralized human resources infrastructure.
Nardelli wants Jernigan to learn about the company from top to bottom, and has given him access to top-level meetings.
www.workforce.com /section/06/feature/23/92/45   (2772 words)

  
 Bloomberg.com: News & Commentary
Nardelli formed a four-person committee on the board to focus on information technology after he realized that the company would have to beef up its spending on computers.
Nardelli centralized marketing, purchasing and merchandising in order to lower costs and gain economies of scale, telling employees they should instead spend their time serving customers.
Nardelli says Europe is an attractive market for home improvement retailing, while adding it would be ``crazy'' to acquire a company at a time when the euro is near record highs versus the U.S. dollar.
quote.bloomberg.com /apps/news?pid=nifea&&sid=a1l1ISAFOUO8   (4066 words)

  
 kiosk news and self-service kiosk news   (Site not responding. Last check: 2007-10-15)
Nardelli said that Home Depot, which initially built stores in metropolitan areas, was seeing "some impact" in store productivity as it adds stores in smaller, less lucrative markets.
Nardelli said technology upgrades could enhance store productivity by reducing labor required for some tasks.
Nardelli also said Home Depot, which has nearly 1,600 stores compared with nearly 900 at rival Lowe's Cos.
www.kiosks.org /articles/pr060503a.html   (530 words)

  
 Campus Connection for October 17, 1997
Robert Nardelli, the president and chief executive officer (CEO) of GE Power Systems and a Western Illinois University alumnus, will be the Ninth Annual Ferguson Lecturer Wednesday, Oct. 22 for WIU's College of Business and Technology (CBT) Week.
Nardelli returned to GE in 1991 as president and CEO of GE's Canadian Appliance Manufacturing Co. (CAMCO) and in 1992 was appointed president and CEO of GE Transportation Systems in Erie, PA. He was named to his current position in May 1995.
Nardelli is also a senior vice president of General Electric Company and a member of the board of directors of GE Capital Corp.
www.wiu.edu /connection/archive/1997/10.17.97.html   (3188 words)

  
 OUTLOOK 2000
If what is happening in the electric generation industry is a "revolution," as General Electric Power Systems CEO Robert Nardelli likes to call it, he has no intention of fighting on a single battlefield.
Nardelli says the H System won't completely replace the F System because it is more expensive, but it will allow Power Systems to compete for customers in areas where fuel costs are high.
Nardelli said the workers in Schenectady should feel very good about their future for the next few years, but refused to predict anything for further down the road.
www.dailygazette.com /outlook/gepower.htm   (1795 words)

  
 Robert Nardelli on the right track, but keep in touch - Reader Comment - CIO   (Site not responding. Last check: 2007-10-15)
Robert Nardelli on the right track, but keep in touch - Reader Comment - CIO
Robert Nardelli on the right track, but keep in touch
No material may be reproduced electronically or in print without written permission from CXO Media, 492 Old Connecticut Path, Framingham, MA 01701.
comment.cio.com /comments/19107.html?action=print   (199 words)

  
 Home Depot CEO Speaks at Georgia Tech
Nardelli took over from co-founder Arthur M. Blank, who opened the first Home Depot store with Bernie Marcus in 1979.
Nardelli started his career at GE in 1971, advancing through a series of leadership positions in the company's Appliances, Lighting and Transportation Systems business units.
Nardelli received the Distinguished Pennsylvanian Award from Gannon University in 1995.
www.gatech.edu /news-room/archive/news_releases/homedepot.html   (496 words)

  
 CEO - It's His Home Depot Now - Intro - FORTUNE   (Site not responding. Last check: 2007-10-15)
When Bob Nardelli didn't win Jack Welch's vote of confidence to be CEO of General Electric in November 2000, he packed up and headed south to Atlanta to run the world's largest home-improvement retailer.
The top spot at Home Depot, now the nation's 13th-largest company, was not only a respectable second prize but a chance to prove Welch wrong.
Nardelli drew criticism for trying to impose GE's famously rigorous management techniques too quickly on the freewheeling Home Depot culture.
www.fortune.com /fortune/ceo/articles/0,15114,693189,00.html   (263 words)

  
 Nardelli: Home Depot CEO Nails $28.5 Million For 2004 - Forbes.com   (Site not responding. Last check: 2007-10-15)
According to the retailer’s annual proxy filing, Nardelli nailed a $5.75 million bonus and awards of restricted stock and deferred shares the company valued at $13.9 million.
Nardelli's basic salary remained flat as a piece of plywood at $2 million, and he received 600,000 stock options, up only slightly from his fiscal 2003 award.
Nardelli got the top job at Home Depot in December 2000, joining the DIY giant from General Electric's (nyse: GE - news - people) GE Power Systems.
www.forbes.com /facesinthenews/2005/03/28/0328autofacescan01.html   (461 words)

  
 TheStreet.com: Update: Home Depot Names GE Executive as New CEO
Robert Nardelli, another executive who was passed over for General Electric's (GE:NYSE - news) top post, will leave the company to become chief executive of home improvement retailer Home Depot (HD:NYSE - news).
Nardelli, 52 years old, served as president and chief executive of GE's Power Systems business since 1995.
Nardelli will succeed Arthur M. Blank as president and CEO of Home Depot.
www.thestreet.com /stocks/retail/1200214.html   (186 words)

  
 Bloomberg.com: Bloomberg Columnists
Nardelli, in contrast, has stumbled for lack of merchandising skill.
Nardelli, 55, has done GE-style things at Home Depot, too, and cost cutting has kept annual profit rising.
Johnson, who was at GE for nine years, says Immelt, Nardelli and McNerney all will succeed in the long run.
quote.bloomberg.com /apps/news?pid=10000039&sid=a5I.avjYococ&refer=columnist_pauly   (594 words)

  
 exploreCO
Robert Nardelli thought so, but also realized that he would need patience.
Everything depended on the people who made the company, so one of Nardelli’s first moves as CEO was to beef up the company’s human resource practices and processes.
The article describes how Donovan and Nardelli set about bringing process discipline to a culture where employees were used to doing their own thing.
www.manyworlds.com /exploreCO.aspx?coid=CO390515531490   (390 words)

  
 Changing of the GE Guard
It was down to three dudes, Robert Nardelli, President and CEO of GE Power Systems, James McNerney, head of GE Aircraft Engines, and Jeffrey Immelt, President and CEO of GE Medical Systems.
Robert Nardelli, 52, the former president and CEO of GE Power Systems, was named president and CEO of home improvement retailer Home Depot (HD).
We will just have to wait and see how these Big Fresh Cheeses, Immelt, Nardelli and McNerney do, and if it’s possible for them to find more good things to bring when it’s their turn to be King of the Hill.
www.chickslayingnesteggs.com /arch01/v010206.html   (762 words)

  
 Partnership for Public Service - Events   (Site not responding. Last check: 2007-10-15)
Robert (Bob) Nardelli is the Chairman, President and CEO of The Home Depot.
Nardelli's leadership, The Home Depot has partnered with the federal government on projects that have national and international impact.
Nardelli serves on the President's Council on Service and Civic Participation.
www.ourpublicservice.org /events/events_show.htm?doc_id=262716   (275 words)

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