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The Home Depot, Inc.

Founders

Who Founded Home Depot?

Bernie Marcus, Arthur Blank, Ron Brill, Pat Farrah · Founded 1978 · HQ today: Atlanta, Georgia

Who founded Home Depot?

Home Depot was founded by Bernie Marcus, Arthur Blank, Ron Brill, Pat Farrah in 1978 in Atlanta, United States. It is now led by Ted Decker.

Founders
Bernie Marcus, Arthur Blank, Ron Brill, Pat Farrah
Founded
1978
Headquarters
Atlanta, Georgia
Number of founders
4
Current CEO
Ted Decker (since 2022)
Where was Home Depot founded?
Home Depot was founded in Atlanta, United States in 1978. wikidata.org
When was Home Depot founded?
Home Depot was founded in 1978.
Who started Home Depot?
Home Depot was founded by Bernie Marcus, Arthur Blank, Ron Brill and Pat Farrah.
How old is Home Depot?
Home Depot is 48 years old as of 2026.

Founding Story

In 1978, Bernie Marcus and Arthur Blank were fired from Handy Dan Home Improvement Centers in Los Angeles after a dispute with Sanford Sigoloff, the head of its parent company. With investment banker Ken Langone raising startup money and merchant Pat Farrah and Ron Brill on the founding team, they set out to build huge warehouse stores with low everyday prices and knowledgeable staff. The first two Home Depot stores opened in the Atlanta area on June 22, 1979. Because the founders couldn't afford enough inventory, they stacked empty boxes on the top shelves to make the stores look fully stocked.

Bernie Marcus

Co-founder 1978

Background

Bernard Marcus was born in 1929 in Newark, New Jersey, to a family of Russian Jewish immigrants. He earned a pharmacy degree from Rutgers University but pivoted toward retail management, eventually rising to become CEO of Handy Dan Home Improvement Centers in Los Angeles. His firing from Handy Dan in 1978, orchestrated by turnaround executive Sandy Sigoloff, became the catalytic event that led directly to Home Depot's founding. Marcus served as Home Depot's co-chairman and chief executive from 1978 until 2000, overseeing the company's growth from two stores to approximately 1,100 locations and from zero to nearly $46 billion in annual revenue.

Role at The Home Depot, Inc.

The Home Depot possesses arguably the most well-known, combative founding story in American retail history, born entirely out of a personal corporate firing and an obsession with customer service. The company was founded in 1978 in Atlanta, Georgia, by Bernie Marcus and Arthur Blank. The foundational catalyst for the company was traumatic: both Marcus and Blank were successful, aggressive executives at Handy Dan Home Improvement Centers, but they were abruptly and unexpectedly fired by a hard-nosed corporate raider (Sanford Sigoloff) during an internal corporate power struggle. humiliated but energized, they partnered with investment banker Ken Langone and merchandising clever Pat Farrah to build a disruptive, new concept. At the time, hardware stores were tiny, fragmented mom-and-pop shops where prices were high and selection was limited. Marcus and Blank possessed a foundational vision: they wanted to build a 60,000-square-foot warehouse, fill it with thousands of SKUs, and sell everything at aggressive, rock-bottom prices (the 'category killer' model). Their key move was not just the size, but the customer service. They hired experienced tradesmen (plumbers and electricians) to walk the aisles and literally teach intimidated customers how to install a toilet or wire a ceiling fan. They famously trained employees to 'build a relationship, not just make a sale.' They opened their first two stores in Atlanta in 1979. By combining warehouse scale with intense, personalized customer education, Marcus and Blank destroyed the traditional hardware industry, transforming their bitter corporate firing into the foundational architecture of a multi-billion dollar global empire.

Education: Malcolm X Shabazz High School. Bernie Marcus was born in 1929.

Arthur Blank

Co-founder 1978

Background

Arthur Blank was born in 1942 in Flushing, Queens, New York. He earned a degree in accounting from Babson College and built his early career in financial management, eventually becoming chief financial officer of Handy Dan Home Improvement Centers, where he worked closely with Bernie Marcus. Fired alongside Marcus in 1978, Blank channeled his financial and operational expertise into building Home Depot's operational infrastructure and financial systems. He served as co-chairman and president of Home Depot until 2001, when he purchased the Atlanta Falcons NFL franchise, later becoming an influential figure in Atlanta civic life through extensive real estate and philanthropic activity.

Role at The Home Depot, Inc.

Arthur Blank is the co-founder of The Home Depot, Inc. And a two-time entrepreneurial success story who built one of America's most beloved sports franchises after departing the company he helped create. A native of Queens, New York, Blank brought financial discipline and operational rigor to Home Depot's founding team, serving as the critical counterweight to Bernie Marcus's salesmanship. As CFO and later president of the company from 1978 to 2001, Blank oversaw the financial architecture that allowed Home Depot to grow rapidly without losing control of its balance sheet, a challenge that defeated many rapid-growth retailers of the era. After leaving Home Depot, Blank purchased the Atlanta Falcons NFL franchise in 2002 and has since invested hundreds of millions of dollars in stadium development, youth sports programs, and community development in the Atlanta metropolitan area. He is also a co-owner of Atlanta United FC of Major League Soccer. Blank's philanthropic work through the Arthur M. Blank Family Foundation has distributed more than $600 million to organizations focused on youth development, education, and community enrichment.

Education: Stuyvesant High School. Arthur Blank was born in 1942.

Ron Brill

Co-founder 1978

Background

Ron Brill was one of the four original co-founders of The Home Depot and served as the company's first chief financial officer. His background in accounting and financial management provided the numerical rigor the founding team needed to translate Marcus and Blank's retail vision into a financially viable enterprise. Brill managed the company's accounting and financial control functions through the critical early growth years, establishing the reporting systems and financial discipline that allowed Home Depot to scale rapidly without losing visibility into its operational performance. He later served on Home Depot's board of directors.

Role at The Home Depot, Inc.

Ron Brill served as one of the four original co-founders of The Home Depot and its first chief financial officer, providing the financial management infrastructure that allowed the company to survive its precarious early years and scale into one of America's most successful retailers. Brill's accounting background and financial discipline were essential during a founding period when the company frequently operated near the edge of its available capital, requiring careful cash management and supplier relationship management to maintain operations while investing in growth. His contribution to building Home Depot's early financial control systems, inventory tracking, accounts payable management, and financial reporting, established the operational backbone on which the company's notable growth trajectory was built. Brill later transitioned to a board role, continuing to contribute institutional knowledge and financial oversight as the company matured from a startup into a publicly traded company.

Education: Fairleigh Dickinson University. (Exact birth year remains publicly undisclosed).

Pat Farrah

Co-founder 1978

Background

Pat Farrah was the merchandising clever of Home Depot's founding team, responsible for the product sourcing, pricing, and store merchandising strategies that gave the company's early stores their distinctive character. An experienced retail merchant who had worked with Bernie Marcus at Handy Dan, Farrah had an almost well-known intuitive feel for what products would sell, how to source merchandise at competitive prices, and how to present products in ways that inspired customer purchases. His ability to source discontinued lines, excess inventory, and manufacturer overstocks allowed the early stores to present an abundant appearance despite limited capital.

Role at The Home Depot, Inc.

Pat Farrah was the fourth co-founder of The Home Depot, functioning as the company's original chief merchandising officer and the architect of the product strategy that made Home Depot stores feel genuinely different from any retail experience available to American consumers in 1979. Farrah's background in retail merchandising, developed alongside Bernie Marcus at Handy Dan, gave him a sophisticated understanding of how merchandise selection, pricing, and display worked together to create customer value and operational profitability. His sourcing creativity, his ability to find quality merchandise at prices that supported Home Depot's everyday low price promise, was particularly critical during the capital-constrained early years when the company could not afford to stock its large store formats with full-price inventory. Farrah's merchandising philosophy, which emphasized breadth of selection combined with depth in high-velocity categories, established the store model that Home Depot has maintained, in evolved form, for 46 years. (Exact birth year remains publicly undisclosed).

The Home Depot, Inc.: CEO & Leadership History

Full timeline →

Ann-Marie Campbell

Senior Executive Vice President (interim co-leader during CEO medical leave)

2026 – Present

Campbell has spent decades at Home Depot, starting as a cashier and rising through store operations leadership. She now shares interim leadership of the company with CFO Richard McPhail.

Richard McPhail

Executive Vice President and Chief Financial Officer (interim co-leader during CEO medical leave)

2026 – Present

McPhail directs capital allocation and is responsible for financing the SRS and GMS acquisitions while the company keeps paying dividends.

Ted Decker

Chair, President, and Chief Executive Officer

2022 – Present

Decker is shifting Home Depot from a store-centered retailer toward a combined retail and trade distribution business. On August 12, 2026, the company said he would take a temporary medical leave and was expected back within a few months. Senior EVP Ann-Marie Campbell and CFO Richard McPhail are leading the company during his absence.

Craig Menear

Former Chairman and Chief Executive Officer

2014 – 2022

Menear orchestrated one of the most impressive, digital transformations in the history of traditional retail. His visionary $11 billion investment in the 'One Home Depot' strategy essentially future-proofed the corporation, transforming it into an efficient, digitally integrated logistics leader. By recognizing the existential threat posed by specialized e-commerce competitors, he pivoted the organization toward a smooth omnichannel strategy that continues to drive record-breaking financial returns today.

Frank Blake

Chief Executive Officer

2007 – 2014

Frank Blake served as chief executive of The Home Depot, Inc. from 2007 to 2014.

Keep researching Home Depot

Who Founded Home Depot? FAQ

Who were the founders of The Home Depot and when did they establish the company?

The Home Depot was founded in 1978 in Atlanta, Georgia, by Bernie Marcus, Arthur Blank, Ron Brill, and Pat Farrah, with crucial initial financial backing from venture capitalist and investment banker Ken Langone.

What event led Bernie Marcus and Arthur Blank to start The Home Depot?

In April 1978, Bernie Marcus (CEO) and Arthur Blank (CFO) were abruptly fired from their executive positions at Handy Dan Home Improvement Centers due to corporate politics. Leveraging this setback, they joined forces with merchandising specialist Pat Farrah and financial expert Ron Brill to create an entirely new home improvement concept.

What was major about the original Home Depot warehouse store concept?

In 1979, the founders opened the first two Home Depot stores in Atlanta inside leased treasure island discount department store locations. At over 60,000 square feet, they were vastly larger than conventional hardware stores, stocking over 25,000 items at discount prices with highly trained trade experts on the sales floor.

What role did Pat Farrah play in Home Depot's founding success?

Pat Farrah was the merchandising of the founding team. He designed the vast, floor-to-ceiling warehouse aesthetic, negotiated large bulk inventory deals with manufacturers, and created the abundant, industrial 'warehouse atmosphere' that became Home Depot's trademark.

How did Ken Langone help finance and launch The Home Depot?

Ken Langone organized the early investment syndicate and venture capital funding needed to incorporate The Home Depot in 1978. He structured the initial equity financing, helped secure bank credit lines, and guided the company through its successful initial public offering (IPO) in 1981.

What was Ron Brill's contribution as a co-founder and first CFO?

Ron Brill served as Home Depot's first Chief Financial Officer and original employee. He built the company's early accounting, inventory tracking, financial control, and reporting systems, providing the financial discipline required to scale the business rapidly across North America.

What major philanthropic and sports ventures did Arthur Blank pursue after Home Depot?

After retiring as Home Depot's CEO in 2000, co-founder Arthur Blank became a prominent sports owner and philanthropist, acquiring the NFL's Atlanta Falcons and MLS's Atlanta United FC, building Mercedes-Benz Stadium, and donating billions through The Arthur M. Blank Family Foundation.

What philanthropic legacy did co-founder Bernie Marcus leave?

Bernie Marcus (1929 to 2024) became one of America's foremost philanthropists, donating billions to medical research, veterans' healthcare, and education. He founded the Marcus Autism Center, funded the Marcus Stroke Network, and donated over $250 million to establish the world-renowned Georgia Aquarium in Atlanta.

Who founded Home Depot?

It was founded by Bernie Marcus, Arthur Blank, Ron Brill, and Pat Farrah, with massive financial backing from Ken Langone. Marcus and Blank became legendary billionaires and massive philanthropists (Arthur Blank famously bought the NFL's Atlanta Falcons). In the early days, they literally paid their children to drive forklifts around empty stores to make them look busy.

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