Home Depot CEO Ted Decker is on a temporary medical leave of absence, the company said Wednesday morning.
It’s not clear what prompted Decker’s leave. A spokesperson for the Vinings-based home improvement giant said the company didn’t have additional details to share about his condition.
But Home Depot said in an announcement Decker is expected to return “within the next few months.” He’s been with the company since 2000 and was named chief executive in 2022.
In Decker’s absence, Home Depot’s board of directors selected two executives to fill the CEO roles.
Ann-Marie Campbell, senior executive vice president of U.S. stores and operations, will oversee Home Depot’s day-to-day operations. Richard McPhail, chief financial officer, will oversee the company’s financial management and its professional contractor subsidiaries.
“Both Ann-Marie and Richard are strong, seasoned executives who have worked together for more than 20 years,” independent lead director Greg Brenneman, who will chair the board during Decker’s leave, said in the announcement. “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.”
The announcement comes ahead of the company’s second-quarter earnings, which is set for next Tuesday, Aug. 18.
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