Changes at The Home Depot: CFO Carol Tomé is set to retire

The Home Depot have announced that Carol Tomé, Chief Financial Officer and executive vice president of Corporate Services, has decided to retire on August 31, 2019, after 24 years of service to the company. Carol B. Tomé, who joined The Home Depot in 1995, has served as chief financial officer since May 2001 and was named executive vice president of corporate services at The Home Depot in January 2007.

The company also announced that Richard McPhail, senior vice president of Finance Control and Administration, will be promoted to executive vice president and Chief Financial Officer following Carol’s retirement.  Since joining the company in 2005, Richard has held a number of roles of increasing responsibility within the finance organization including director of Strategic Business Development, vice president of Strategic Business Development, and senior vice president of Finance. In recent years, he was responsible for developing the company’s financial plans and managing its day-to-day financial performance, overseeing the company’s business development activities, and creating a decision analytics center of excellence, among other responsibilities.