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.
- Ann-Marie Campbell and Richard McPhail will oversee CEO operations and financial management.
- Greg Brenneman will serve as independent lead director chairing the board.
The Home Depot announced that its CEO, Ted Decker, will be taking a temporary medical leave of absence, expected to last for a few months. During his absence, Ann-Marie Campbell, Senior Executive Vice President, will oversee day-to-day operations, 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.