Summary Box: Home Depot CEO Bob Nardelli resigns
By The Associated Press
Posted 4:20AM on Wednesday 3rd January 2007 ( 18 years ago )
<p>THE RESIGNATION: Bob Nardelli resigned as chief executive and chairman of The Home Depot Inc. after six years at the helm, the company said Wednesday. He will walk away with a $210 million severance package.</p><p>THE REPLACEMENT: Frank Blake, vice chairman of Home Depot's board, was appointed to replace Nardelli, effective immediately.</p><p>THE REASON: Nardelli and the Atlanta-based company had been dogged by criticism of Nardelli's hefty pay and Home Depot's poor stock performance.</p>
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