01—Abstract
Summary
Summary of the 8-K filed August 12, 2026. Cited figures are marked; the original filing is the authoritative source.
On August 12, 2026, The Home Depot (HD) disclosed that Chair, President and CEO Edward P.
(Ted) Decker will take a temporary medical leave of absence, with the company expecting him to return within the next few months. The Board, at Mr. Decker's recommendation, has placed the Office of the CEO under two long-time executives: Ann-Marie Campbell, Senior Executive Vice President, who will oversee day-to-day operations, and Richard V. McPhail, EVP and CFO, who will oversee financial management and the Pro subsidiaries.
McPhail has been designated interim principal executive officer for SEC purposes. Independent lead director Gregory Brenneman will chair the Board during the leave. For investors, the core news is a leadership transition that is temporary and planned rather than a permanent succession.
The filing states that no compensation changes have been made to Ms. Campbell or Mr. McPhail in connection with the added responsibilities, and neither has a family relationship with other executive officers or directors or a related-party transaction requiring Item 404 disclosure. The filing does not disclose the nature of Mr. Decker's medical condition, nor does it provide any guidance, financial impact, or change to operating outlook. The main uncertainties are the duration of the leave, whether the interim structure holds without strain, and whether the company will provide further updates.
The leadership bench is experienced, with both executives having worked together for more than 20 years, which supports operational continuity. Investors should monitor future 8-K filings, earnings commentary, and any change to the expected return timeline.
02—Key points
Key Highlights
- CEO Ted Decker, who is also Chair and President, is taking a temporary medical leave; the company expects his return within the next few months.
- Ann-Marie Campbell (Senior EVP, age 61, with the company since 1985) will oversee day-to-day operations during the leave.
- Richard V. McPhail (EVP and CFO, age 56) will oversee financial management and the Pro subsidiaries and is designated interim principal executive officer for SEC purposes.
- Gregory Brenneman, independent lead director, will chair the Board during Mr. Decker's absence.
- No changes to compensation for Ms. Campbell or Mr. McPhail related to their expanded roles were disclosed.
- The filing discloses no related-party transactions or family relationships requiring disclosure for the interim executives.
- The announcement contains no financial results, guidance changes, or medical details about Mr. Decker's condition.
03—Questions
Frequently Asked Questions
Why is Ted Decker taking leave, and when will he return?
The filing says only that Mr. Decker is taking a temporary medical leave. It does not disclose the medical reason. The company expects him to return within the next few months, but no specific date has been given.
Who is running Home Depot while the CEO is out?
The Office of the CEO is covered by two executives. Ann-Marie Campbell, Senior EVP, oversees day-to-day operations. Richard McPhail, EVP and CFO, oversees financial management and the Pro subsidiaries and is the interim principal executive officer for SEC purposes.
Does this change Home Depot's financial outlook or guidance?
The filing and press release do not mention any change to financial results, guidance, or strategy. The disclosure is limited to the leadership arrangement.
Is this a permanent management succession?
No. The company describes the arrangement as temporary, tied to Mr. Decker's leave, and says it expects him to return. Nothing in the filing indicates a permanent change in the CEO role.
Will the interim executives receive higher pay for taking on added duties?
The filing states that no changes have been made to Ms. Campbell's or Mr. McPhail's compensation in connection with assuming the Office of the CEO responsibilities.
04—Continue