Home Depot Expands Executive Roles and Awards Restricted Stock

Home Depot has expanded its executive leadership roles, assigning new responsibilities to three top executives. As of July 30, 2026, EVP of Merchandising William D. Bastek will oversee the company's product development merchant portfolio, including private brands. Meanwhile, EVP of Interconnected Retail Jordan Broggi will control loyalty, credit services, and payments. EVP and Chief Financial Officer Richard V. McPhail has taken on responsibility for the Office of Pro Acceleration, coordinating efforts across Home Depot Pro, HD Supply, SRS Distribution, and Construction Resources to deepen the company's reach with professional customers.

The changes were announced in conjunction with restricted stock awards valued at $500,000 each for Bastek, Broggi, and McPhail. These grants vest on the second anniversary of the grant date, subject to continued employment, highlighting Home Depot's emphasis on aligning executive incentives with strategic priorities in merchandising, omnichannel retail, and pro customer growth.

Home Depot's move comes as analysts weigh in on the company's stock performance. The most recent analyst rating is a Buy with a $400.00 price target, while Spark's AI Analyst rates HD as Neutral, citing concerns over elevated leverage and current profitability pressure.