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Mozilo, Ridge to leave Home Depot board

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From Bloomberg News

Home Depot Inc. said directors Angelo Mozilo and Tom Ridge would step down after the company’s annual meeting in May.

Ridge’s and Mozilo’s decisions aren’t tied to “any disagreement on the company’s operations, policies or practices,” Atlanta-based Home Depot said in a filing with the Securities and Exchange Commission.

Home Depot ousted former Chief Executive Robert Nardelli in January after criticism of his pay. Nardelli was the only board member to appear at last year’s annual meeting and refused to answer questions, raising investor ire over the company’s lack of responsiveness. New CEO Frank Blake said Wednesday that the full board would attend this year.

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