Who Is Adolfo Villagomez? Meet The New CEO Of Progress Residential

( Source : Wsj )

Before joining Home Depot in 2014, Adolfo Villagomez worked for DuPont and McKinsey & Co. He is currently the president of Homedepot.com and the company's chief marketing officer for U.S. retail.

Progress Residential, the single-family rental business of private equity firm Pretium Partners, announced the appointment of Home Depot Inc. executive Adolfo Villagomez as its new CEO on Tuesday.

Adolfo Villagomez is The Home Depot's online business's chief marketing officer and senior vice president.

He oversees all digital activities at The Home Depot, including homedepot.com, an industry-leading e-commerce site, and all marketing and branding efforts.

Who Is Adolfo Villagomez? 

Mr. Villagomez, 49, will succeed Chaz Mueller, who was Progress' CEO from 2018 until his retirement last year.

One of the reasons for Mr. Villagomez's hiring was his track record of increasing revenue for a consumer-facing organization.

Mr. Villagomez worked with construction clients at McKinsey and with contractors and huge property companies at Home Depot, despite not having previously worked for a significant real-estate firm.

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Progress Residential CEO Adolfo Villagomez Salary And Net Worth

Adolfo Villagomez's salary and net worth are unknown at this time.

However, he is in charge of all digital efforts, including Homedepot.com, an industry leader in eCommerce with about $8 billion in sales in 2018. He is also in charge of The Home Depot's marketing and branding efforts.

Adolfo became vice president of merchandising strategy at The Home Depot in 2014. Since then, he has headed various key merchandising responsibilities of the company, including Outdoor Power, Garden, and Building Materials.

His efforts led to the increase of exclusive brand partnerships, the expansion of private brand offers, and the rejuvenation of the Pro program.

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Adolfo Villagomez Wiki

Adolfo worked at McKinsey & Company as a partner and at DuPont as an executive leader.

Adolfo has a master's degree in business administration and a bachelor's degree in chemical engineering from the Universidad Nacional Autónoma de México (National Autonomous University of Mexico).

Next week, Adolfo Villagomez takes over as CEO.

Progress is expanding its already huge portfolio of rental homes, which it claims now totals more than 80,000, making it one of the country's largest rental-home operators.

It recently purchased more than 3,000 residences from Zillow Offers, Zillow Group Inc.'s now-defunct house-flipping division.

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