Ari Bousbib
HOME DEPOTAbout Ari Bousbib
Independent director of The Home Depot since 2007; age 64. Chairman and Chief Executive Officer of IQVIA Holdings Inc. (since October 2016), with prior senior leadership at United Technologies (President, Commercial Companies; President and COO/President of Otis Elevator) and Booz Allen Hamilton. At Home Depot, he serves on the Audit Committee and chairs the Finance Committee, bringing deep expertise in global operations, finance, supply chain, and IT.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| IQVIA Holdings Inc. | Chairman & CEO | Oct 2016–present | Leads analytics/technology transformation in life sciences; public company board leadership |
| IMS Health Holdings/IMS Health | Chairman & CEO; Chairman/CEO/President of IMS Holdings | 2010–Oct 2016; 2014 IPO onward | Ran global data/analytics operations; took IMS Holdings public |
| United Technologies (UTC) | President, Commercial Companies (Otis, Carrier, UTC Fire & Security, UTC Power) | 2008–2010 | Oversight of multi-business portfolio; capital allocation |
| Otis Elevator (UTC) | President; Chief Operating Officer | 2002–2008; 2000–2002 | Large-scale manufacturing & services; supply chain optimization |
| Booz Allen Hamilton | Partner | Prior to UTC (dates not specified) | Strategy/technology consulting |
External Roles
| Company | Role | Tenure | Committee Roles |
|---|---|---|---|
| IQVIA Holdings Inc. | Chairman & CEO; Director | 2016–present | Not specified in HD proxy |
Board Governance
- Current Home Depot committee assignments: Audit member; Finance Committee Chair. The Finance Committee oversees long-range financial outlook, capital structure, dividends/buybacks, tax strategy, insurance, annual capital plan, M&A, and digital strategy execution. The Audit Committee oversees financial reporting, internal controls, risk assessment, cybersecurity, compliance (including FCPA), and internal audit.
- Independence: All director nominees except the CEO are independent; committees are composed entirely of independent directors. Bousbib is listed among independent nominees.
- Attendance: The Board met 13 times in fiscal 2024; each incumbent director attended at least 75% of Board and assigned committee meetings, and all incumbent directors attended the 2024 annual meeting. Audit met 9 times; Finance met 4 times.
- Board leadership: Independent Lead Director presides over executive sessions of independent directors at each regularly scheduled meeting; committee-only executive sessions occur per charters.
- Outside board policy (overboarding): Executive officers of other public companies may serve only on their own company’s board plus Home Depot’s Board; audit committee members limited to serving on no more than two other public company audit committees.
Fixed Compensation
| Component (FY2024 unless noted) | Amount/Structure | Notes |
|---|---|---|
| Annual director retainer | $300,000, paid as $245,000 deferred shares under Omnibus Plan and $55,000 cash or deferred stock units under Directors Plan | At least two-thirds of director retainer must be equity; HD targets ~82% equity; director equity must be held until retirement or one year after service ends (certain exceptions). |
| Committee chair retainer – Finance | $20,000 | Payable in cash or deferred stock units at director election. |
| Ari Bousbib – Fees earned or paid in cash | $75,000 | Bousbib deferred 100% of his annual cash Board retainer and committee chair retainer into stock units payable after Board service. |
| Ari Bousbib – Stock award (deferred shares) | $244,709 | Grant date 05/16/2024; 714 shares (grant-date fair value). |
| Ari Bousbib – All other compensation | $5,000 | Company charitable/PAC matching programs; directors receive no financial benefit. |
| Ari Bousbib – Total director compensation | $324,709 | Sum of FY2024 director compensation. |
Performance Compensation
| Element | Performance-linked? | Notes |
|---|---|---|
| Director annual retainer (equity/cash) | No | Proxy discloses fixed retainers and equity grants with holding requirements; no performance metrics tied to director compensation. |
Other Directorships & Interlocks
| Relationship | Detail |
|---|---|
| Other public company boards (past 5 years) | IQVIA Holdings Inc. (2016–present) |
| Related party transactions | Home Depot reports no related person transactions requiring disclosure since the beginning of fiscal 2024. Independence review identified immaterial transactions with entities tied to certain other directors; none disclosed for IQVIA/Bousbib. |
Expertise & Qualifications
- Managing large, global, technology-enabled businesses; strategic and financial oversight; supply chain and IT; international operations.
- Key role in Board oversight of supply chain, IT, international and finance matters; contributes to corporate strategy development.
Equity Ownership
| As of March 7, 2025 | Shares/Units | Percent of Class |
|---|---|---|
| Shares owned outright (beneficial ownership) | 10,000 | <1% (*) |
| Deferred shares | 86,399 | n/a (no voting rights; disclosed separately) |
| Deferred stock units | 22,403 | n/a (no voting rights; disclosed separately) |
| Total of categories shown | 118,802 | n/a |
- Holding/retention: Director equity awards must be held until retirement or for one year after service ends (exceptions for ordinary retirement at/after age 72, death, disability, change in control).
- Hedging/pledging: Anti-hedging policy for all associates/officers/directors; pledging prohibited for Section 16 officers and directors. Home Depot discloses no pledging or hedging by directors/executives.
Governance Assessment
- Strengths: Independent director; chairs Finance Committee overseeing capital allocation and M&A; strong global operations and IT/supply chain background aligns with HD’s interconnected retail strategy; equity-heavy director pay with robust holding requirements; anti-hedging/anti-pledging policies and clawback program reinforce alignment; committees composed entirely of independent directors; at least 75% attendance and full annual meeting attendance.
- Potential watch items: Shareholder proposal noted concern about long director tenures (two directors >17 years); Bousbib has served since 2007, making him one of the more tenured directors, which can draw refreshment scrutiny despite Board’s ongoing refresh efforts. No related-party transactions disclosed for him; overboarding policy constrains executives’ external board service and appears satisfied.
- Broader signals: Say-on-pay support was approximately 93% in prior year, indicating generally favorable investor views on compensation governance; independent directors meet in executive session each regular meeting, and Board conducts annual self-evaluations with individual director interviews led by the Lead Director.