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Home Depot CEO Ted Decker taking temporary medical leave
CNBC • • general
Key Points:
- Home Depot CEO Ted Decker is taking a temporary medical leave of absence for the next few months, with no further details provided about his condition.
- Ann-Marie Campbell, senior EVP of U.S. stores and operations, will manage day-to-day operations, while CFO Richard McPhail will oversee financial management and the Pro business during Decker's absence.
- Lead independent director Greg Brenneman will serve as chair of the board during the leave, with all appointments made in alignment with Decker's recommendation.
- Both Campbell and McPhail are experienced executives with long tenures at Home Depot, and neither will receive additional pay for their expanded roles.
- The announcement comes just days before Home Depot's fiscal second quarter earnings report, scheduled for Tuesday.
