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Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company in November. Frank Blake has been Home Depot’s chairman and CEO since 2007, and he will remain chairman of the company. On Tuesday, the company reported strong second-quarter results and raised its forecast for the full year. It said purchases of major items like appliances and water heaters improved compared to last year, and its results have been helped by the improving U.S. housing market.



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