Home Depot CEO Ted Decker Takes Medical Leave Amid Mixed Q1 Earnings

Home Depot's CEO, Ted Decker, is taking a temporary medical leave of absence. The company expects him to return within a few months. During his leave, Senior EVP Ann-Marie Campbell will oversee day-to-day operations, while CFO Richard McPhail will manage financial oversight and the Pro subsidiaries.

The leadership transition comes as Home Depot navigates a mixed financial picture. In Q1 2026, the company reported $41.8 billion in sales, but net income fell by 4.2% to $3.3 billion due to high fuel costs tied to the war in Iran.

Home Depot reaffirmed its fiscal 2026 guidance, projecting total sales growth of between 2.5% and 4.5%, and comparable sales ranging from flat to 2% growth.