Home Depot (HD) details interim leadership while CEO Ted Decker takes medical leave
Rhea-AI Filing Summary
The Home Depot, Inc. reported that Chair, President and CEO Edward (Ted) Decker will take a temporary medical leave from his role. The company stated it expects him to return within the next few months. During his absence, long-time executives Ann‑Marie Campbell and Richard V. McPhail will oversee the operations of the Office of the CEO, with Campbell managing day‑to‑day operations and McPhail overseeing financial management and Pro subsidiaries as interim principal executive officer for SEC purposes. Independent lead director Gregory D. Brenneman will chair the Board while Decker is on leave. No changes have been made to Campbell’s or McPhail’s compensation in connection with these added responsibilities.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Retail stores operated: 2,361
SRS locations: over 1,280
Number of associates: over 470,000
+2 more
5 metrics
Retail stores operated
2,361
Total retail stores at the end of the first quarter
SRS locations
over 1,280
SRS locations operated at the end of the first quarter
Number of associates
over 470,000
Total associates employed by the company
Ann‑Marie Campbell age
61
Age of Senior Executive Vice President overseeing day-to-day operations
Richard V. McPhail age
56
Age of Executive Vice President and Chief Financial Officer
Key Terms
temporary medical leave, interim principal executive officer, independent lead director, forward-looking statements, +1 more
5 terms
temporary medical leave regulatory
"Ted Decker will take a temporary medical leave of absence"
interim principal executive officer regulatory
"has been designated as interim principal executive officer"
independent lead director regulatory
"In his role as independent lead director, Greg Brenneman"
forward-looking statements regulatory
"Certain statements contained in this release constitute "forward-looking statements""
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What CEO change did Home Depot (HD) disclose on August 12, 2026?
Home Depot disclosed that Chair, President and CEO Ted Decker will take a temporary medical leave of absence. The company stated it expects him to return within the next few months and outlined interim management arrangements.
Who will lead Home Depot (HD) while CEO Ted Decker is on medical leave?
During Ted Decker’s leave, Ann‑Marie Campbell will oversee day‑to‑day operations and Richard V. McPhail will oversee financial management and Pro subsidiaries, serving as interim principal executive officer for SEC purposes.
Did Home Depot (HD) change executive pay due to the interim CEO arrangements?
Home Depot stated that no changes have been made to Ann‑Marie Campbell’s or Richard McPhail’s compensation related to their assumption of the Office of the CEO responsibilities during Ted Decker’s medical leave.
What role does the independent lead director play at Home Depot (HD) during the CEO’s leave?
Gregory D. Brenneman, as independent lead director, will chair the Board while Ted Decker is on temporary medical leave. He expressed confidence in Campbell’s and McPhail’s ability to lead the company during this period.
How large is Home Depot’s (HD) retail footprint and workforce?
At the end of the first quarter, Home Depot operated 2,361 retail stores and over 1,280 SRS locations across its markets, and employed over 470,000 associates in the United States, Canada and Mexico.
What forward-looking statements did Home Depot (HD) highlight in this disclosure?
Home Depot noted that statements about the duration of Ted Decker’s medical leave and the anticipated timing of his return are forward‑looking and subject to risks and uncertainties described in its most recent Annual Report on Form 10‑K.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 11, 2026
__________________
THE HOME DEPOT, INC.
(Exact Name of Registrant as Specified in Charter)
__________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices) (Zip Code)
(770 ) 433-8211
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
__________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 12, 2026, The Home Depot, Inc. (the “Company” or “Home Depot”) announced that Edward P. Decker, Chair, President and Chief Executive Officer (“CEO”), will take a temporary medical leave from his role. In connection therewith, the Company announced that the Board of Directors (the “Board”), in alignment with Mr. Decker’s recommendation, has chosen two long-time Home Depot executives to oversee the operations of the Office of the CEO during the period of his absence: Ann-Marie Campbell, Senior Executive Vice President, is providing oversight of Home Depot’s day-to-day operations; Richard V. McPhail, Executive Vice President and Chief Financial Officer, is providing oversight of the Company’s financial management and Pro subsidiaries and has been designated as interim principal executive officer for purposes of the rules and regulations of the Securities Exchange Commission. Gregory D. Brenneman, in his role as independent lead director, is chairing the Board during the period of Mr. Decker’s absence.
Ms. Campbell, age 61, has been Senior Executive Vice President of the Company since November 2023. Ms. Campbell began her career with the Company in 1985 as a cashier and has held roles of increasing responsibility during her tenure. From October 2020 to October 2023, she served as Executive Vice President – U.S. Stores and International Operations, from February 2016 to October 2020, she served as Executive Vice President – U.S. Stores, from January 2009 to February 2016, she served as Division President of the Southern Division, and from December 2005 to January 2009, she served as Vice President – Vendor Services.
Mr. McPhail, age 56, has been Executive Vice President and Chief Financial Officer of the Company since September 2019. From August 2017 through August 2019, he served as Senior Vice President, Finance Control and Administration of the Company, from August 2014 to September 2017, he served as Senior Vice President, Finance, and from March 2013 to August 2014, he served as Senior Vice President, Global FP&A, Strategy, and New Business Development. Mr. McPhail joined the Company in 2005 and served in roles of increasing responsibility in finance, strategy and business development from May 2005 to March 2013.
At this time, no changes have been made to Ms. Campbell or Mr. McPhail’s compensation related to their assumption of the responsibilities of the Office of the CEO. Neither Ms. Campbell nor Mr. McPhail has any family relationship with any of the Company’s executive officers or directors, nor has either engaged in any related party transaction with the Company that would be required to be disclosed pursuant to Item 404 of Regulation S-K.
Item 7.01. Regulation FD Disclosure.
On August 12, 2026, the Company issued a press release announcing the changes described above. The press release is attached as Exhibit 99.1 and incorporated by reference in this Item 7.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description | |||||||
99.1 | Press Release of The Home Depot, Inc. | |||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). | |||||||
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE HOME DEPOT, INC. | ||||||||
| Date: August 12, 2026 | By: | /s/ Teresa Wynn Roseborough | ||||||
| Name: | Teresa Wynn Roseborough | |||||||
| Title: | Executive Vice President, General Counsel and Corporate Secretary | |||||||
3
Exhibit 99.1
The Home Depot Announces Interim Management Plans While CEO Takes Temporary Medical Leave
ATLANTA, Aug. 12, 2026 – The Home Depot®, the world's largest home improvement retailer, today announced that chair, president and CEO Ted Decker will take a temporary medical leave of absence. The company expects Decker to return within the next few months.
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. In his role as independent lead director, Greg Brenneman will chair the board during Decker’s leave.
“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,” said Brenneman. “We are confident in Ann-Marie's and Richard’s ability to lead the company during this time, and we look forward to Ted’s return.”
About The Home Depot
At the end of the first quarter, the company operated a total of 2,361 retail stores and over 1,280 SRS locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs over 470,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.
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Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this release constitute "forward-looking statements" as defined in the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on currently available information and current assumptions, expectations and projections about future events. Forward-looking statements may relate to, among other things, the duration of Mr. Decker’s temporary medical leave and the anticipated timing of his return. Forward-looking statements are subject to substantial risks and uncertainties, including, but not limited to, our ability to successfully execute organizational changes, including management transitions within the Company’s senior leadership team, as described further in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and we do not undertake to update them
other than as required by law. You are advised, however, to review any further public disclosures that we make on related subjects, including our subsequent filings with the Securities and Exchange Commission.
For more information, contact:
| Financial Community | News Media | |||||||
| Isabel Janci | Sara Gorman | |||||||
| Vice President of Investor Relations and Treasurer | Senior Director of Corporate Communications | |||||||
| 770-384-2666 | 770-384-2852 | |||||||
| isabel_janci@homedepot.com | sara_gorman@homedepot.com | |||||||