P&G board adds ex-CEO of Home Depot

Procter & Gamble Co. has added the former CEO and chairman of Home Depot Inc. to its board of directors.

Francis Blake, 65, joins the board efefctive immediately.

The move comes just a few days after his retirement as chairman of Home Depot. He stepped down from the CEO position in November.

"Frank is one of the most respected business leaders in America today. His vision, strategy and focus on execution led Home Depot to strong and sustained business growth," said P&G CEO A.G. Lafley said. "We will deeply benefit from his management expertise and retail experience."

Blake is the second P&G director with extensive retail experience, joining Macy's Inc. CEO Terry Lundgren on the board.

Prior to his tenure with Home Depot, Blake was general counsel for the U.S. Environmental Protection Agency and deputy general counsel to Vice President George H.W. Bush. Blake also serves on the board of directors of Delta Airlines and the Georgia Aquarium.