Edward “Ted” P. Decker will serve as Home Depot’s president and chief operating officer, effective Oct. 5. Decker is a 20-year veteran of the company has served as Home Depot’s executive vice president of merchandising since 2014.
In his new role, Decker will assume responsibility for Home Depot’s global store operations, global supply chain and outside sales and services.
“Ted is an incredible leader who has enhanced our competitiveness and interconnected strategy by blending the art and science of retail while also driving outstanding results with both our in-store and online customer experience,” says Craig Menear, chairman and CEO of Home Depot.
Home Depot also announced several senior leadership promotions.
- Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations, adding responsibility for all operations, business functions and strategy for Home Depot’s businesses in Canada and Mexico. Campbell is a 35-year veteran of the company and will now lead more than 400,000 associates.
- Jeff Kinnaird has been promoted to executive vice president of merchandising and will report to Decker. Most recently, Kinnaird was president of Home Depot Canada. He previously served as merchandising vice president of Canada, charged with managing merchandising strategy, global sourcing for the division, and growth of private label brands across Canadian stores and online. Previously, he was regional vice president of operations for Home Depot Canada. Kinnaird began his career at Home Depot nearly 25 years ago as an hourly associate in the lumber aisles.
- Michael Rowe has been promoted to president of Home Depot Canada. Rowe was most recently vice president of e-commerce, marketing and contractor services, where he led all marketing and advertising efforts across Canada, as well as e-commerce, installation services, contractor services and strategy. Earlier in his career, he served as chief financial officer for Home Depot Canada. He joined the company in 2006.
- Richard McPhail, executive vice president and chief financial officer, will assume the additional responsibility for the company’s corporate strategy and strategic business development. McPhail joined the company in 2005 and was named CFO in 2019, managing the company’s financial performance and capital allocation, investor relations, tax and treasury.
“We are extremely fortunate to have what I believe to be one of the finest executive leadership teams in retail. Ted’s promotion and the additional changes we are announcing will further strengthen the team’s strategic leadership and operational efficiency, while I continue to focus over the next few years on the long-term growth and strategic positioning of the company,” Menear says.
In August, Home Depot released its second-quarter financial results. In total, the company reported net sales of $38.1 billion, a 23 percent increase over the same period in 2019.