The Home Depot announced that its board of directors has elected CEO and president Ted Decker as chair of the board, effective October 1. Decker will succeed current chair Craig Menear, who will retire effective September 30.
“During Ted’s tenure as CEO and a member of the board, we have witnessed first-hand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair,” Greg Brenneman, the board’s lead director, said in a news release. “On behalf of the board of directors, I want to thank Craig for his unwavering commitment to The Home Depot’s values and his visionary leadership, which established a solid foundation for the long-term success of the company.”
Decker has worked 22 years with The Home Depot and was named CEO in March 2022. Decker was named president and chief operating officer in October 2020. The newly elected chair of the board joined The Home Depot in 2000 as a director of business valuation and has held numerous strategic positions across the company over the years.
