Home Depot names Ridge to board of directors

<p>Tom Ridge, the former secretary of the Department of Homeland Security and former governor of Pennsylvania, was named to The Home Depot's board of directors, the home improvement retailer announced on Thursday.</p><p>"Tom Ridge served his country with great distinction, and we are honored to have him join our board, where we expect that his unique global experience and perspective will make a profound contribution to our company and our shareholders," said Bob Nardelli, chairman, president and CEO.</p><p>The appointment of Ridge brings the number of directors on The Home Depot board to 13. This includes 12 outside directors, 11 of whom are independent.</p><p>Last month, the company reported that Roger Penske will not stand for re-election to the board after his term expires at the company's next shareholders meeting.</p>

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