Home Depot Inc., Atlanta, hired Westfield Capital Management as the new manager of its Small-Mid Cap Growth Fund investment option in its 401(k) plan.
The retailer transitioned the management of the fund to Westfield from TimesSquare Capital Management during 2022, it disclosed in its June 26 11-K filing with the SEC.
The company did not provide a reason for the change; the filing did not provide further information on how many assets in the plan were in the active domestic smidcap growth equity fund.
As of Dec. 31, the plan, known as the Home Depot Futurebuilder, had $10.8 billion in assets, according to the 11-K filing.
Home Depot officials could not be immediately reached for further information.