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Ted Decker

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business2 hours ago•2 min saved

Home Depot CEO Ted Decker takes temporary medical leave; deputies take helm

Home Depot says CEO Ted Decker will take a temporary medical leave for the next few months, with Ann-Marie Campbell overseeing U.S. stores and operations and CFO Richard McPhail running finance and the Pro business; lead independent director Greg Brenneman will chair the board during the absence. The appointments align with Decker’s recommendation, come ahead of the fiscal Q2 earnings, and the deputies will not receive additional pay for their expanded duties.

via CNBC|

#ann-marie-campbell #business #home-depot

business6 months ago•2 min saved

Home Depot trims 800 roles as it imposes five-day in-office policy

Home Depot said it would lay off 800 workers (about 150 at HQ in Atlanta and the rest from remote roles, mainly in technology) and require corporate staff to work in the office five days a week starting the week of April 6 to boost speed, agility, and connection to customers and frontline workers. The cuts come as housing turnover slows and mortgage rates stay high, contributing to weaker sales. The company expects FY2025 sales to rise ~3% with slightly positive same-store sales and will report Q4 earnings on Feb. 24. Shares have declined about 10% over the past year.

via CNBC|

#business #home-depot #housing-market