Home Depot CEO Ted Decker takes medical leave, two execs take over temporarily

Aug. 12 (UPI) — Home improvement retailer Home Deport announced Wednesday that Ted Decker, its CEO, president and chairman of the board, will take a temporary medical leave of absence.

Decker is expected to return within several months, the company said. In his absence, Ann-Marie Campbell, senior executive vice president of U.S. stores and operations, will oversee day-to-day operations, while Richard McPhail, executive vice president and chief financial officer, will oversee financial operations and Pro subsidiaries.

Greg Brenneman, the lead independent director of the board, will serve as the board chairman in Decker’s absence.

“The Home Depot has the best management team in retail,” Brenneman said in a statement. “Both Ann-Marie and Richard are strong, seasoned executives who have worked together for more than 20 years. We are confident in Ann-Marie and Richard’s ability to lead the company during this time, and we look forward to Ted’s return.”

Home Depot did not provide further reasons for Decker’s leave of absence.

Campbell, 61, has worked for Home Depot since 1985, starting as a cashier, CNBC reported. McPhail, 56, has worked for the company since 2005. He was been CFO since 2019.

Home Depot has more than 2,300 stores and more than 1,200 SRS Distribution locations throughout the United States — including all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands and Guam – as well as in 10 provinces of Canada and Mexico.

The company is set to announce its fiscal second-quarter earnings Tuesday.