Home Depot CEO Ted Decker taking medical leave of absence

Home Depot CEO Ted Decker taking medical leave of absence

Wed, August 12, 2026 at 4:51 PM GMT+3 2 min read

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Home Depot chair, president, and CEO Ted Decker will take a temporary medical leave of absence, the company announced Wednesday. The company expects Decker to return within the next few months but did not disclose the reason for his leave.

The board of directors, acting on Decker's recommendation, selected two executives to oversee the company during his absence. Senior EVP Ann-Marie Campbell will handle day-to-day operations, while EVP and CFO Richard McPhail will manage the company's financial operations and Pro subsidiaries. Greg Brenneman, the board's independent lead director, will chair the board while Decker is away.

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

Neither executive received a pay adjustment tied to the additional responsibilities, according to the Wall Street Journal. The company offered no additional information about why Decker is taking leave. Decker, who has led the company since 2022, is 63.

Home Depot is set to report quarterly earnings next week, according to the Wall Street Journal.

Home Depot reported first-quarter sales of $41.8 billion, up 4.8% from a year earlier, and reaffirmed its full-year guidance in May. The company said it expects total sales growth of 2.5% to 4.5% for fiscal 2026. At the time, Decker noted that underlying demand remained consistent with trends seen throughout fiscal 2025, though McPhail flagged that homeowners were continuing to defer spending on larger projects.

Home Depot operates 2,361 retail stores and more than 1,280 SRS locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico, and employs more than 470,000 people, the company said.