Home Depot CEO Ted Decker Steps Back on Medical Leave, Interim Team Appointed

Home Depot disclosed that its chief executive, Ted Decker, will be on a short-term medical leave of absence and is expected to resume duties in the next few months. The interim leadership structure places chief financial officer Richard McPhail and senior executive vice president Ann-Marie Campbell in charge of CEO functions, reflecting Decker’s own suggestion. The company declined to elaborate further on the health issue.

Home Depot will report its quarterly earnings on Tuesday, a key date for investors. Decker, 63, has led the company since March 2022 after joining in 2000 and holding senior merchandising and finance roles. Campbell, 61, entered Home Depot in 1985 and has occupied several senior positions across the U.S. business, while McPhail, 56, has been with the firm since 2005 and has served as CFO since 2019. The leadership shift occurs as the retailer pushes growth in its professional segment to offset inflation-related consumer pullback.