Home Depot CEO Ted Decker takes temporary medical leave

Home Depot said Chair, President and CEO Ted Decker is taking a temporary medical leave of absence expected to last the next few months, with Senior Executive Vice President Ann-Marie Campbell overseeing day-to-day operations, Executive Vice President and Chief Financial Officer Richard McPhail handling financial functions and the company’s Pro subsidiaries, and independent lead director Greg Brenneman chairing the board during the leave. The company is scheduled to report second-quarter earnings before the opening bell on Tuesday, Aug. 18, with analysts expecting earnings per share of $4.73, up from $4.68 a year earlier, and revenue of either $47.24 billion or $47.35 billion versus $45.28 billion last year, according to the cited reports. Shares fell about 2.3% to 2.5% on Wednesday, trading around $345.61 to $346.42, while some investors also focused on the stock’s 2.70% annual dividend yield based on a quarterly payout of $2.33 per share, or $9.32 annually.

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