Why This Matters to Distributors: Home Depot is putting two veteran executives in charge during CEO Ted Decker’s medical leave, with CFO Richard McPhail taking oversight of the company’s Pro subsidiaries just two weeks after he was tapped to lead a broader effort to integrate SRS Distribution, HD Supply and other Pro businesses.
Home Depot has named two longtime executives to oversee the company during a temporary medical leave by CEO Ted Decker, extending a series of leadership changes as the retailer moves to more closely integrate its growing professional contractor and distribution businesses.
Senior Executive Vice President Ann-Marie Campbell will oversee day-to-day operations, while Executive Vice President and Chief Financial Officer Richard McPhail will oversee financial management and Home Depot’s Pro subsidiaries, the company said Aug. 12.
Independent lead director Greg Brenneman will chair the board during Decker’s absence.
Home Depot said Decker is taking temporary medical leave and is expected to return within the next few months. The company did not disclose additional details about his condition.
“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,” Brenneman said. “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.”
The interim assignments come less than two weeks after Home Depot announced a broader organizational realignment designed in part to accelerate growth with professional contractors.
On July 30, Home Depot said it was replacing its Office of Integration with an Office of Pro Acceleration led by McPhail. The group is responsible for coordinating Home Depot Pro, HD Supply, SRS Distribution and Construction Resources and developing shared capabilities across those businesses.
The assignment put McPhail at the center of Home Depot’s effort to turn a series of acquisitions and internal investments into a more integrated distribution platform for professional customers. His responsibilities during Decker’s leave now expand to direct oversight of the Pro subsidiaries.
Home Depot estimates the professional contractor market at about $700 billion. Its Pro network includes more than 2,360 stores, 1,300 branches, 325 customer-facing warehouses and about 16,000 delivery vehicles.
The July restructuring also consolidated other senior leadership responsibilities.
Billy Bastek, executive vice president of merchandising, took responsibility for an organization combining private-label merchants with Home Depot’s core merchandising operation. Jordan Broggi, executive vice president of interconnected retail, was given responsibility for a combined organization encompassing customer experience, online operations, financial services, and loyalty.
The company also expanded the organization led by Fran Bell, executive vice president and chief technology officer. Bell was appointed to the technology role earlier this year, bringing artificial intelligence, data science, product management, user experience, and technology under one organization. As part of the July restructuring, technology teams supporting stores, supply chain and the Pro business were moved into Bell’s organization.
The changes reflect Home Depot’s increasing focus on connecting its traditional retail operations with the distribution businesses it has assembled to serve larger professional contractors.
Home Depot said its overall addressable market is about $1.2 trillion, with the Pro segment representing approximately $700 billion of that opportunity. The company has made the professional market a central growth priority, particularly following its acquisition of SRS Distribution.
Campbell and McPhail are both longtime Home Depot executives. Campbell joined the company as a cashier in 1985 and has served as senior executive vice president since 2023. McPhail joined Home Depot in 2005 and has served as chief financial officer since 2019.
Decker has served as CEO since March 2022 and chairman since October 2022. He joined Home Depot in 2000 and previously served as president and chief operating officer and executive vice president of merchandising.
The latest assignments leave Campbell overseeing Home Depot’s core operations while McPhail assumes responsibility for both financial management and the Pro businesses at a time when the company is working to more tightly connect SRS, HD Supply, Construction Resources and Home Depot Pro.
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