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- Departure of CEO (new) — CEO is taking temporary medical leave, though expected to return within a few months.
Home Depot CEO Ted Decker takes temporary medical leave; two executives split oversight
Filed August 12, 2026 · Period ending August 11, 2026 · ~1 min read
Key Changes
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high
CEO Ted Decker taking temporary medical leave, expected to return within a few months; board appoints two long-time executives to split CEO responsibilities during his absence.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
high
Ann-Marie Campbell (Senior EVP, 41-year company veteran) will oversee day-to-day operations; Richard McPhail (CFO since 2019) will oversee financial management and Pro subsidiaries and serves as interim principal executive officer for SEC purposes.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
medium
Independent lead director Gregory Brenneman will chair the Board during Decker's absence, providing continuity in board governance.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
low
Neither Campbell nor McPhail will receive additional compensation for their expanded interim responsibilities.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Home Depot disclosed that CEO Ted Decker is taking a temporary medical leave of absence, with the company expecting his return within the next few months.
The board has appointed two long-time executives to split CEO responsibilities during his absence: Ann-Marie Campbell, a 41-year company veteran who started as a cashier in 1985 and currently serves as Senior EVP, will oversee day-to-day operations, while CFO Richard McPhail will oversee financial management and Pro subsidiaries and serves as interim principal executive officer for SEC purposes.
Independent lead director Gregory Brenneman will chair the Board during this period. For retail investors, the key concern is leadership continuity during the CEO's medical leave. The company has mitigated this risk by splitting responsibilities between two experienced executives rather than appointing a single interim CEO, and by having the independent lead director chair the Board. Campbell's four-decade tenure and McPhail's CFO role since 2019 provide operational and financial continuity. The expected return timeline of a few months suggests this is a planned, temporary absence rather than an open-ended departure. Neither executive will receive additional compensation for their interim duties.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Edward P. Decker, Chair, President and Chief Executive Officer (“CEO”), will take a temporary medical leave from his role.
The CEO is taking a temporary medical leave. The Board has appointed two executives to oversee operations during his absence: Ann-Marie Campbell will oversee day-to-day operations, and Richard McPhail will oversee financial management and has been designated interim principal executive officer.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
The board of directors, in alignment with Decker’s recommendation, has chosen two long-time Home Depot executives to oversee the operations of the office of the CEO during his absence. Ann-Marie Campbell, senior EVP, will provide oversight of Home Depot’s day-to-day operations, while Richard McPhail, EVP and CFO, will provide oversight of the company’s financial management and Pro subsidiaries.
Ann-Marie Campbell, senior EVP, will oversee day-to-day operations while Richard McPhail, EVP and CFO, will oversee financial management and Pro subsidiaries during Decker's absence. Independent lead director Greg Brenneman will chair the board during this period.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 13, 2026 · How we verify