Edward P. Decker
Also at Home Depot Inc
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
| 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
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.