Latest news with #AngieBrown
Yahoo
2 days ago
- Business
- Yahoo
Home Depot elevates CIO from within as AI adoption plans progress
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. The Home Depot tapped Angie Brown to lead technology strategy, infrastructure, cybersecurity and software development Thursday. Brown was appointed as EVP and CIO after 27 years with the home improvement retailer, the company said. Brown previously worked across virtually every aspect of the company's IT operations, most recently managing technology for merchandising, customer experience, marketing, reliability engineering and supply chain functions as SVP of IT. 'Her strategic vision and deep expertise have been instrumental in transforming Home Depot's interconnected experience, making home improvement more modern, more seamless and more convenient," Chair, President and CEO Ted Decker said in the announcement. The appointment marks the departure of Fahim Siddiqui, who was elevated from SVP of IT to EVP and CIO shortly after Decker began his tenure as CEO in 2022. 'Fahim has been instrumental in improving our infrastructure across our stores, supply chain facilities and support centers,' Decker said. "His leadership has been impactful in modernizing our technology foundation.' Brown's ascent coincides with a wave of tech-driven transformation across the retail industry, as top businesses deploy generative AI capabilities to enhance customer facing applications and assist employees. Home Depot was quick to see the technology's potential. The company leveraged machine learning and computer vision to build an in-store app called Sidekick that helps associates prioritize tasks, manage inventory and improve productivity after Siddiqui assumed the CIO role and his predecessor Matt Carey became EVP of customer experience. Carey retired last year and was succeeded by Jordan Broggi as EVP of customer experience and president of online. Cloud helped build a foundation for Home Depot's AI adoption. The company migrated its website to Google Cloud and then expanded the hyperscaler partnership last year to leverage Vertex AI model training and analytics capabilities. By mid-2024, Home Depot was piloting more than 175 machine learning and generative AI use cases, Siddiqui said during last year's MIT Sloan CIO Symposium. The company rolled out information-gathering generative AI tools for its staff earlier this year, company executives said during a recent earnings call. While Home Depot was quick to explore the potential of generative AI tools, the company was also wary of the inherent risks. Drawing on the company's experience in the cloud, Siddiqui advocated for a strong security posture around AI adoption, pointing to attack vectors opened by the technology in the absence of strong governance. The company suffered a major data breach in 2014 that led to a multimillion-dollar customer settlement and was the victim of a third-party vendor error that exposed employee data last year. Home Depot declined to provide details on the reason for Siddiqui's departure or his future plans in an email. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Home Depot (NYSE:HD) Names Angie Brown as New EVP and CIO
Last month, Home Depot named Angie Brown as Executive Vice President and Chief Information Officer, following a 27-year tenure with the company. Meanwhile, Home Depot's stock price rose by 3% over the month, coinciding with its announcement of first-quarter earnings showing a sales increase to $39.86 billion but a decline in net income. Despite the overall decline in the market driven by concerns over trade agreements, Home Depot's stock likely found support from its earnings report, dividend declaration, and strategic expansions. The broader market trends due to tariff worries added complexity to the price move. Home Depot has 1 warning sign we think you should know about. Outshine the giants: these 26 early-stage AI stocks could fund your retirement. The recent appointment of Angie Brown as Home Depot's Executive Vice President and Chief Information Officer is likely to further bolster the company's digital and delivery capabilities. Over the long term, Home Depot has delivered a total return of 65.83% over the last five years, indicating robust growth and shareholder value. Over the past year, Home Depot's performance matched the US market's return of 11.5%, although it slightly underperformed the US Specialty Retail industry, which returned 14.9%. Home Depot's recent operational improvements are expected to enhance revenue and earnings forecasts. The company's emphasis on investing in its Pro ecosystem and SRS expansion aligns with these expectations. Home Depot's share price movement over the past month has been in tandem with its earnings announcement and dividend declaration, offering some support to its stock. Yet, the company's share price of US$359.38 remains at a 15.2% discount to the consensus analyst price target of US$423.65, suggesting potential upside if future performance aligns with expectations. The analysis detailed in our Home Depot valuation report hints at an inflated share price compared to its estimated value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:HD. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Home Depot (NYSE:HD) Names Angie Brown as New EVP and CIO
Last month, Home Depot named Angie Brown as Executive Vice President and Chief Information Officer, following a 27-year tenure with the company. Meanwhile, Home Depot's stock price rose by 3% over the month, coinciding with its announcement of first-quarter earnings showing a sales increase to $39.86 billion but a decline in net income. Despite the overall decline in the market driven by concerns over trade agreements, Home Depot's stock likely found support from its earnings report, dividend declaration, and strategic expansions. The broader market trends due to tariff worries added complexity to the price move. Home Depot has 1 warning sign we think you should know about. Outshine the giants: these 26 early-stage AI stocks could fund your retirement. The recent appointment of Angie Brown as Home Depot's Executive Vice President and Chief Information Officer is likely to further bolster the company's digital and delivery capabilities. Over the long term, Home Depot has delivered a total return of 65.83% over the last five years, indicating robust growth and shareholder value. Over the past year, Home Depot's performance matched the US market's return of 11.5%, although it slightly underperformed the US Specialty Retail industry, which returned 14.9%. Home Depot's recent operational improvements are expected to enhance revenue and earnings forecasts. The company's emphasis on investing in its Pro ecosystem and SRS expansion aligns with these expectations. Home Depot's share price movement over the past month has been in tandem with its earnings announcement and dividend declaration, offering some support to its stock. Yet, the company's share price of US$359.38 remains at a 15.2% discount to the consensus analyst price target of US$423.65, suggesting potential upside if future performance aligns with expectations. The analysis detailed in our Home Depot valuation report hints at an inflated share price compared to its estimated value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:HD. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Business Insider
3 days ago
- Business
- Business Insider
Home Depot names Angie Brown Chief Information Officer
Home Depot (HD) has named Angie Brown EVP and Chief Information Officer. Brown is a 27-year veteran of Home Depot and was most recently SVP of Information Technology. Brown replaces Fahim Siddiqui, who is leaving Home Depot. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
3 days ago
- Business
- Yahoo
The Home Depot Names Angie Brown EVP and Chief Information Officer
ATLANTA, May 29, 2025 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that Angie Brown has been named executive vice president (EVP) and chief information officer (CIO). As CIO, Brown will be responsible for all aspects of the company's technology strategy, infrastructure, cybersecurity and software development for The Home Depot's 2,350 retail stores and more than 790 branches, its supply chain facilities, store support centers and online systems. "Angie is an exceptional leader whose customer-first mindset consistently drives meaningful innovation across our business," said Ted Decker, chair, president and CEO. "Her strategic vision and deep expertise have been instrumental in transforming The Home Depot's interconnected experience, making home improvement more modern, more seamless and more convenient for our customers." A 27-year veteran of The Home Depot, Brown brings depth and breadth of experience, holding roles of increasing responsibility across virtually every aspect of the company's technology operations. She was most recently senior vice president of information technology, where she was responsible for delivering technology solutions for the company's merchandising, customer experience, online, customer, marketing, reliability engineering, pro and supply chain functions. Under Brown's leadership, The Home Depot has delivered transformative digital capabilities that enhance the customer and associate experience, including advancements in personalization, supply chain visibility and merchandising analytics. Brown replaces Fahim Siddiqui, who is leaving The Home Depot. "Fahim has been instrumental in improving our infrastructure across our stores, supply chain facilities and support centers," said Decker. "His leadership has been impactful in modernizing our technology foundation, and I want to thank him for his support to drive our strategies forward." ABOUT THE HOME DEPOT The Home Depot is the world's largest home improvement specialty retailer. At the end of the first quarter of fiscal 2025, the company operated a total of 2,350 retail stores and over 790 branches across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs over 470,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index. View original content to download multimedia: SOURCE The Home Depot Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
