Jamie Dimon almost became CEO of Home Depot, says company founder Arthur Blank - Business Insider

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Jamie Dimon almost became CEO of Home Depot, says company founder Arthur Blank

JPMorgan Chase CEO Jamie Dimon told Home Depot's cofounder: "I've invested 15 years in finance. I can't just walk away."This story is available exclusively to Business Insider subscribers.JPMorgan Chase CEO Jamie Dimon came somewhat close to running Home Depot in the late 1990s, according to the home-improvement retailer's founder Arthur Blank.

Blank became CEO of Home Depot in 1997, after his cofounder Bernie Marcus stepped down from the role. In the decades since Home Depot's 1978 founding, Blank and Marcus had built the company into the largest home-improvement retailer in the world. When he felt it was time to move on, Blank chaired the search committee himself and began looking for a successor.

Blank wrote that he clicked with Dimon. He found the banker to be both "passionate about our culture and values" and "intrigued" by the prospect of helming the retailer.

 

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