Home Depot Announces CEO Temporary Medical Leave; Interim Leadership Named

What Happened Home Depot announced on August 12, 2026 that Chair, President and CEO Edward P. Decker will take a temporary medical leave. The Board, at Mr. Decker’s recommendation, assigned senior executives to run the Office of the CEO during his absence: Ann‑Marie Campbell (Senior Executive Vice President) will oversee day‑to‑day operations, and Richard V. McPhail (Executive Vice President and Chief Financial Officer) will oversee financial management and Home Depot’s Pro subsidiaries and has been designated as interim principal executive officer for SEC purposes. Independent lead director Gregory D. Brenneman will chair the Board while Mr. Decker is absent.

Key Details

• Date announced: August 12, 2026 (8‑K filing and press release).
• Interim roles: Ann‑Marie Campbell (age 61) — oversight of daily operations; Richard V. McPhail (age 56) — oversight of finance/Pro subsidiaries and interim principal executive officer.
• Tenure highlights: Campbell has been Senior EVP since Nov 2023 and with Home Depot since 1985; McPhail has been CFO since Sept 2019 and with the company since 2005.
• Compensation/related‑party: No changes to Campbell’s or McPhail’s compensation were made at this time; neither has family relationships or reportable related‑party transactions per Item 404.

Why It Matters This is a temporary leadership change at the company’s top, with the CFO formally designated as interim principal executive officer under SEC rules. For investors, the filing clarifies who is running day‑to‑day operations and financial oversight during the CEO’s absence and confirms no immediate pay changes for the interim leaders. The filing is procedural and does not provide details on the duration of the leave or any operational or financial impacts beyond the leadership assignments.