Edward P. Decker

Chair, President, and CEO at Home Depot Inc

Board

Since March 2022

Age

61 years

Tenure

Joined HD in 2000 and advanced through several leadership roles—from strategic planning and retail finance positions to executive roles in merchandising and operations, eventually becoming President, Chief Operating Officer, and then Chair, President, and CEO in March 2022 (with the Chair role assumed in October 2022).

Also at Home Depot Inc

Ann-Marie Campbell

Senior EVP

Fahim Siddiqui

EVP and CIO

Hector Padilla

EVP, U.S. Stores and Operations

About

Edward P. Decker, 61 years old, has built a distinguished career at HD since he joined the company in 2000. He has steadily progressed through various key roles, reflecting his deep understanding of strategic planning and retail operations. His journey includes significant contributions in areas such as merchandising, finance, and operational leadership.

Throughout his tenure, he has held several pivotal positions, including Executive Vice President of Merchandising, Senior Vice President of Retail Finance, and roles in strategic business development. His experience culminated in his appointment as President and Chief Operating Officer from October 2020 to February 2022, prior to advancing to his current role as Chair, President, and CEO in March 2022.

His extensive background at HD demonstrates a commitment to driving innovation and operational excellence. While specific personal details and educational background are not provided, his long-standing dedication and progressive leadership within the organization underscore his significant impact on the company’s strategic direction and operational effectiveness.

$HD Performance Under Edward P. Decker

Past Roles

Organization	Role	Date Range	Details
The Home Depot	President and Chief Operating Officer (COO)	October 2020 to February 2022	Responsible for global store operations, global sourcing operations, global supply chain, outside sales and service, real estate, merchandising, marketing, and online strategy
The Home Depot	Executive Vice President – Merchandising	August 2014 to October 2020	Oversaw merchandising strategy, marketing, vendor management, and the in-store environment
The Home Depot	Senior Vice President – Retail Finance, Pricing Analytics, and Assortment Planning	October 2006 to July 2014	Managed retail finance and assortment planning
The Home Depot	Senior Vice President – Strategic Business and Asset Development	April 2006 to September 2006	Focused on strategic business and asset development
The Home Depot	Vice President – Strategic Business Development	November 2002 to April 2006	Worked on strategic business development
Kimberly-Clark Corp.	Various Positions (Strategic Planning, Business Development, Finance, Treasury)	N/A	Held various positions in strategic planning, business development, finance, and treasury
Scott Paper Co.	Various Positions (Strategic Planning, Business Development, Finance, Treasury)	N/A	Held various positions in strategic planning, business development, finance, and treasury

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,400,000	Annual	Remained unchanged since appointment as President & CEO; salary was not increased for 2023
All Other Compensation	$74,885	Annual	Includes company contributions to the THD Restoration Plan ($103,664) and incremental cost of perquisites for personal use of the company aircraft

Performance Compensation

Data from FY 2023

Performance Shares

Metric	Threshold	Target	Maximum	Weight	Grant Date	Grant Date Fair Value	Share Quantities (Threshold/Target/Maximum)
Three-Year Average ROIC	33.3%	39.2%	45.1%	50%	March 22, 2023	N/A	2,333 / 18,665 / 37,330
Three-Year Average Operating Profit	$19.41B	$22.84B	$26.26B	50%	March 22, 2023	N/A	N/A

Vesting: Cliff-vest at the end of the three-year performance period (2023–2025) contingent upon achieving the performance targets.

Annual Stock Grant

Detail	Value
Grant Condition	Fiscal 2023 operating profit ≥ 90% of MIP target
Grant Date	March 22, 2023
Grant Date Fair Value	$3,164,949
Number of Shares Granted	11,199 shares
Grant Date Stock Price	$282.61 per share
Vesting Schedule	50% at 30-month anniversary; 50% at 60-month anniversary

Annual Option Grant

Detail	Value
Grant Date	March 22, 2023
Grant Date Fair Value	$2,109,958
Exercise/Stock Price	$282.61 per share
Vesting Schedule	25% per year on the second through fifth anniversaries
Nature	Time-based; not tied to specific performance metrics

Management Incentive Plan (MIP)

Metric	Threshold	Target	Maximum	Weight	Actual Performance
Sales	$141.66B	$157.40B	$173.14B	45%	$152.46B
Operating Profit	$20.53B	$22.82B	$25.10B	45%	$21.65B
Inventory Turns	3.89	4.32	4.75	10%	4.34

Payout: Achieved payout of 82% of target resulting in $2,290,880.

Note: This is a cash-based incentive with evaluation at fiscal year end; no vesting schedule applies.

Death or Disability Value of Performance Shares

Award	Performance Metric	Proration Factor	Valuation Detail	Total Value
Fiscal 2022-2024 Award	36.0% actual	728/1,099 days	Calculated using closing price $355.30 on January 26, 2024	Included in total below
Fiscal 2023-2025 Award	70.0% actual	364/1,099 days	Calculated using closing price $355.30 on January 26, 2024	Included in total below

Total Value of Performance Shares for Death or Disability: $6,886,069 as of January 28, 2024.

Overall, these performance-based components for 2023 combine time-based and performance-based equity awards along with cash incentives tied to clearly defined financial metrics and vesting conditions. Each component has specific performance targets and evaluation periods ensuring that the compensation aligns with both short-term and long-term company performance.