Story perspectives

Home Depot CEO Decker Takes Medical Leave, Campbell Leads Operations

8/12/2026

Summary

Story summary

Home Depot CEO Ted Decker began a temporary medical leave of absence.
Senior Executive Vice President Ann-Marie Campbell will run day-to-day operations during his absence.
Chief Financial Officer Richard McPhail will oversee financial management and the company’s professional contractor subsidiaries while Decker is away.
Lead director Greg Brenneman will serve as chair of the board in Decker’s absence.

History

Historical Context

In 2008, after the financial crisis, General Motors in Detroit placed CEO Rick Wagoner on leave, prompting a board reshuffle. The U.S. Treasury injected $50 billion into GM, and board chair Edward Whitacre oversaw the transition and restructuring efforts through 2009. Similarly, Home Depot’s 2024 leave of CEO Ted Decker puts Ann-Marie Campbell and Richard McPhail in charge of finance, while Greg Brenneman chairs the board. This pattern underscores how major retailers rely on established succession protocols to sustain shareholder confidence during abrupt leadership gaps, reinforcing market stability.

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Story summary

Home Depot CEO Ted Decker began a temporary medical leave of absence.
Senior Executive Vice President Ann-Marie Campbell will run day-to-day operations during his absence.
Chief Financial Officer Richard McPhail will oversee financial management and the company’s professional contractor subsidiaries while Decker is away.
Lead director Greg Brenneman will serve as chair of the board in Decker’s absence.

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