Home Depot extends Contract with Joe Gibbs Racing through 2009 ATLANTA, Sept. 26, 2003 - The Home Depot, the world's largest home improvement retailer, has extended its contract with Joe Gibbs Racing (JGR) through 2009 as primary sponsor of the...
Home Depot extends Contract with Joe Gibbs Racing through 2009
ATLANTA, Sept. 26, 2003 - The Home Depot, the world's largest home improvement retailer, has extended its contract with Joe Gibbs Racing (JGR) through 2009 as primary sponsor of the #20 Home Depot Chevrolet driven by reigning NASCAR Winston Cup Series champion Tony Stewart.
Home Depot's extension parallels Stewart's new contract with JGR, ensuring Home Depot's involvement with JGR and Stewart well into what will soon become the NASCAR Nextel Cup Series.
"Home Depot is pleased to extend its relationship with a partner that mirrors our culture. Winning 16 races and a national championship requires a team that has a passion for leadership, performance, and attention to detail. On behalf of our 315,000 Home Depot associates, we look forward to six more years of a great partnership with Joe Gibbs Racing and Tony Stewart," said John Costello, executive vice president for merchandising and marketing of The Home Depot.
"The growth and success of our race team wouldn't have been possible without the support of The Home Depot," said Gibbs, who formed his race team more than 11 years ago. "Home Depot's drive to win is just as strong as ours, which is why there's so much pride built into those orange and black race cars. Our relationship with Home Depot allows us to perform at our best week in and week out, something that will continue for many years to come."
"In my 23 years of racing I can honestly say that Home Depot has been the best sponsor I've ever had," said Stewart. "The support they've given to our race team has been excellent, and it's great to know that Home Depot will continue to be a part of our efforts to win more races and another championship."
Founded in 1978, The Home Depot is the world's largest home improvement specialty retailer and the second largest retailer in the United States, with fiscal 2002 sales of $58.2 billion. The company employs approximately 315,000 associates and has 1,622 stores in 50 states, the District of Columbia, Puerto Rico, eight Canadian provinces, and Mexico. Its stock is traded on the New York Stock Exchange (NYSE:HD) and is included in the Dow Jones Industrial Average and Standard & Poor's 500 Index.