For twenty years Home Depot experienced tremendous success; however they were faced with hidden problems within the operation and finances. In December 2000 Robert Nardelli became the new CEO; his challenge was to correct the issues that plagued Home Depot. To achieve this Nardelli recognized that a change in culture was necessary. Employees, however were not expecting a change in leadership, it came as a surprise and as a close knit company many could not conceive of the thought of new leadership
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank, their idea was a one-stop shopping on how to do it yourself. The first store was opened in Atlanta, Georgia. This store was offering what others hardware stores couldn’t was being able to give their customers guidance, help and knowledge of how to assemble, install or fix many things. In terms of Home Depots growth over the years it went public and moved to the New York Stock Exchange in 1984. Through the 80’s and 90’s the store