Key facts
- Home Depot CEO Ted Decker is taking a temporary medical leave of absence.
- Decker is expected to return within the next few months.
- Finance chief Richard McPhail and senior executive vice president Ann-Marie Campbell will oversee CEO operations.
- The interim appointments were made in alignment with Decker's recommendation.
- Greg Brenneman will chair the board as independent lead director during Decker's leave.
The Home Depot announced that its CEO, Ted Decker, will be taking a temporary medical leave of absence, which is expected to last for a few months. During his absence, the company's day-to-day operations will be overseen by Ann-Marie Campbell, Senior Executive Vice President, while Richard McPhail, Executive Vice President and Chief Financial Officer, will manage financial matters and Pro subsidiaries. The board of directors, led by independent lead director Greg Brenneman, has approved these interim management plans in alignment with Decker's recommendations. The company expressed confidence in Campbell and McPhail, highlighting their long tenure and collaborative history. The Home Depot operates over 2,300 retail stores and employs more than 470,000 associates across North America.