Home Depot CEO Ted Decker Takes Medical Leave Days Before Q2 Earnings Report

Home Depot CEO Ted Decker is taking a temporary medical leave of absence expected to last a few months, the company announced on August 12 via an SEC Form 8-K filing. Two senior executives will divide his responsibilities during the absence: Ann-Marie Campbell, head of U.S. stores and operations, will oversee day-to-day store operations, while CFO Richard McPhail will handle financial management and the company's Pro subsidiaries. The announcement came six days before Home Depot is scheduled to report second-quarter 2026 earnings premarket on August 18, adding uncertainty to an already closely watched report.

Shares fell roughly 2.5% on the day, with pre-market trading already down about 0.6% at the open. No further details about the nature of Decker's medical condition were disclosed. The company said it expects Decker to return within the next few months.