Overview
- Home Depot announced that CEO Ted Decker is on a temporary medical leave for the next few months and the company expects him to return within that timeframe.
- Senior executive Ann‑Marie Campbell will run day‑to‑day U.S. store operations and CFO Richard McPhail will handle financial management and the Pro business during Decker’s absence.
- Lead independent director Greg Brenneman will serve as chair of the board while the interim team manages the company.
- The company has not disclosed Decker’s medical condition or an exact return date, and a securities filing says Campbell and McPhail will not receive extra pay for the interim duties.
- Investors reacted with a modest stock drop after the announcement and the leadership change comes just days before Home Depot’s fiscal second‑quarter earnings, sharpening market scrutiny of near‑term results.