Home Depot's Ted Decker Takes Temporary Leave as Two Executives Take Helm

The Home Depot's CEO Ted Decker will take a temporary medical leave of absence, with an expected return within the next few months. During his leave, Ann-Marie Campbell and Richard McPhail will jointly oversee operations as senior EVP and EVP/CFO respectively.

Campbell will be responsible for day-to-day operations, while McPhail will manage financial management and Pro subsidiaries. The board has expressed confidence in their ability to lead the company during this time.

Independent lead director Greg Brenneman will chair the board during Decker's leave. He stated, '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.'