COBB COUNTY, Ga. — The Home Depot announced Wednesday that its chair, president and CEO Ted Decker will be taking a temporary leave of absence.
The Cobb County-based company says Decker is stepping away for medical reasons, but will return in the next few months. The Home Depot board of directors has appointed two executives to take over Decker’s duties.
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Ann-Marie Campbell, the company’s senior EVP, will oversee Home Depot’s day-to-day operations. Richard McPhail, the company’s EVP and CFO, will oversee the company’s financial management and Pro subsidiaries.
“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,” said board member Greg Brenneman. “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.”
Decker’s temporary leave was announced days before The Home Depot is set to release its second quarter earnings report on Aug. 18.
Decker joined The Home Depot in 2000 and has held various positions throughout the company before he took over as president and CEO.
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