Home Depot's chief executive is taking a temporary medical leave, and the filing that says so sets no end date and splits the job between two people

Edward Decker recommended the arrangement that will cover his own absence.

Home Depot filed a Form 8-K on Wednesday morning saying that its chair, president and chief executive will take a temporary medical leave from the role, and that the board, in alignment with his recommendation, has chosen two long serving executives to oversee the Office of the Chief Executive while he is away. The filing gives no medical detail and no return date.

It splits the job in two.

Ann-Marie Campbell, senior executive vice president, is overseeing day to day operations. Richard McPhail, executive vice president and chief financial officer, is overseeing financial management and the company's Pro subsidiaries, and has been designated interim principal executive officer for the purposes of the Commission's rules. Gregory Brenneman, the independent lead director, is chairing the board for the period. Neither is being paid extra so far.

Who they are, according to the filing

Campbell is 61. She has been senior executive vice president since November 2023, and the filing traces her back to 1985, when she joined the company as a cashier. Before her present role she ran United States stores and international operations from 2020 to 2023, United States stores from 2016 to 2020, and the Southern Division from 2009 to 2016.

McPhail is 56 and has been chief financial officer since September 2019. He joined in 2005.

What the document does not say

It does not say how long the leave will last, and it does not use the word interim about anything except the principal executive officer designation, which is a filing role rather than a title. Results are not mentioned. Neither executive has a family relationship with any other officer or director, and neither has a related party transaction requiring disclosure under Item 404 of Regulation S-K.

The document is signed by Teresa Wynn Roseborough, executive vice president, general counsel and corporate secretary. A press release carrying the same announcement is attached as Exhibit 99.1.