Aug 12 (Reuters) - Home Depot said on Wednesday CEO
Ted Decker will take a temporary medical leave of absence and is
expected to return within the next few months.
Finance chief Richard McPhail and senior executive vice
president Ann-Marie Campbell will oversee CEO operations during
Decker's absence, the home improvement chain said in a
statement.
The interim appointments were made in alignment with
Decker's recommendation, the company added.
Home Depot did not immediately respond to a Reuters request
for comment on further details about Decker's leave of absence.
The company reports quarterly results on August 18.
Home improvement chains such as Home Depot and Lowe's
have been investing in growing their professional
business catering to contractors and builders as inflation
pressures force consumers to defer smaller projects.
Decker, aged 63, took over as Home Depot's CEO in March
2022. He joined the company in 2000, and has also held senior
roles in merchandising and retail finance.
Campbell, aged 61, joined Home Depot in 1985, and has held
several senior roles across its U.S. business. McPhail, aged 56,
has been with Home Depot since 2005, and has been its CFO since
September 2019.
(Reporting by Juveria Tabassum in Bengaluru; Additional
reporting by Angela Christy M; Editing by Devika Syamnath)