Ted Decker
Ted Decker | |
|---|---|
| Born | Edward Decker 1963 (age 60–61) |
| Alma mater | |
| Occupation(s) | CEO and President of The Home Depot, Inc. |
Edward Decker (born 1963)[1] is an American businessman and, since 2022, the CEO and president of the world's largest home improvement company, The Home Depot.[2][3] He was scheduled to become the chairman of the company in October 2022.[4]
Early life
Edward Decker grew up in Fairview Township, Erie County, Pennsylvania, and attended Fairview High School there. In his high school years, he began managing landscaping and gardening for both residential and commercial customers, after having mowed and helped landscape his family's lawn from the age of eight.[2]
Decker graduated from the College of William and Mary in 1985 with a BA in English and from Carnegie Mellon University in 1993 with an MBA.[2][5][6]
Career
Prior to working for The Home Depot, Decker worked in Australia and Pittsburgh for PNC and worked in business development and finance positions at Kimberly-Clark and their property Scott Paper Company, moving to England and Atlanta for the latter positions.[2] At Home Depot, Decker held multiple executive positions following his hiring in 2000, including managing their store and online merchandising.[2] In October 2020, Decker became president and chief operating officer at Home Depot.[5]
Decker was announced as the new CEO and president at Home Depot in January 2022 after 22 years with the company. Decker's appointment to the position coincided with renewed demand for home improvement materials following a lull spurred by the COVID-19 pandemic.[3] Decker took the position in March that year.[7] As CEO, Decker announced Home Depot's record earnings and sales quarter, the company partially citing a global rise in inflation, though Decker also pointed to the rise in "DIY" home projects as bolstering spending.[8]
In August 2022, the board of Home Depot announced that it had elected Decker to assume the position of chairman on October 1 that year, replacing the retiring Craig Menear, who Decker had previously replaced as CEO and company president.[9][3]
Personal life
Decker and his wife Cathy have two adult daughters.[2] Decker met his wife while attending William & Mary; the two were married in the campus's Wren Chapel.[10]
Decker has donated at least $5800 to the 2024 re-election campaigns of Democratic U.S. Senator Joe Manchin of West Virginia.[11]
References
- ^ Repko, Melissa (January 27, 2022). "Home Depot names company veteran Ted Decker as CEO". CNBC. Retrieved August 27, 2022.
- ^ a b c d e f Myers, Valerie (October 19, 2020). "Fairview native is Home Depot president/COO". Erie Times-News. Gannett Company. Retrieved August 27, 2022.
- ^ a b c "Home Depot picks veteran Ted Decker as new CEO". CNN. Reuters. January 27, 2022. Retrieved August 27, 2022.
- ^ Ebrahim, Yasin (August 18, 2022). "Home Depot Appoints Ted Decker as Chair". Yahoo! News. Retrieved August 27, 2022.
- ^ a b Kanell, Michael E. (October 2, 2020). "Home Depot names Edward Decker president, chief operating officer". The Atlanta Journal-Constitution. Cox Newspapers – via ProQuest.
- ^ "W.L. Mellon Speaker: Ted Decker". Tepper School of Business. April 13, 2021. Retrieved August 27, 2022.
- ^ Stebbins, Jack (August 18, 2022). "Home Depot CEO Ted Decker to replace retiring Craig Menear as chair". CNBC. NBCUniversal.
- ^ La Monica, Paul R. (August 16, 2022). "Record Home Depot sales show America's housing market is still strong". CNN Business. CNN.
- ^ "Home Depot Elects Ted Decker As Chair Of Board; Authorizes $15 Bln Share Repurchase". Business Insider. August 18, 2022. Retrieved August 27, 2022.
- ^ "Ted Decker '85". Bold Leaders. College of William & Mary in Virginia. Retrieved July 24, 2023.
- ^ Schwartz, Brian (July 15, 2022). "Joe Manchin raises over $1 million from donors including Patriots owner, Wall Street execs, energy giants". CNBC. Retrieved August 27, 2022.
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