Home Depot CEO Ted Decker Takes Temporary Medical Leave of Absence

13 August 2026 · Source balance: Centre

Home Depot announced on Wednesday that CEO Ted Decker will take a temporary medical leave of absence expected to last a few months. The 63-year-old executive has led the world's largest home improvement retailer since March 2022. During his absence, the company's operations will be managed by two veteran executives: Ann-Marie Campbell, Senior Executive Vice President of U.S. stores and operations, will oversee day-to-day operations, while Chief Financial Officer Richard McPhail will manage financial operations and the company's Pro subsidiaries. Greg Brenneman, the board's independent lead director, will serve as board chair. Campbell joined Home Depot in 1985 and has worked her way up through the ranks, while McPhail has been CFO since 2019. The company did not disclose the specific medical reason for Decker's leave. Home Depot operates over 2,300 stores and employs more than 470,000 people. The announcement comes just before the company's second-quarter earnings report.