Who is Ted Decker? Home Depot CEO’s Net Worth, Salary & Family

Ted Decker is among the wealthiest and most successful business executives in the United States. He serves as the president and CEO of The Home Depot, the world’s largest home improvement company, and has been chairman of the company since 2022. 

Decker was announced as the company’s CEO in 2022 after 22 years of service. After his appointment, Home Depot announced record earnings and sales quarters in 2022. His leadership style has been instrumental in the company’s growing success. 

If you like to follow successful businessmen and aspire to be one, you will definitely be inspired by Ted Decker’s professional journey. So, here’s everything you need to know about Ted Decker, including his salary, net worth, and family details. So, let’s get started!

Quick Facts About Ted Decker

What is Ted Decker’s Educational Qualifications?

Edward Decker spent his childhood in Fairview Township, Erie County, Pennsylvania. He went to Fairview High School. From a young age, he helped with his family’s lawn, mowing and landscaping. This early experience led him to start managing landscaping and gardening for homes and businesses during high school. 

While in college, he spent his summers sealcoating driveways in Erie. Edward earned a BA in English from the College of William and Mary in 1985, and later, in 1993, he completed his MBA at Carnegie Mellon University.

How Much Does Ted Decker Make?

As of 2024, Ted Decker’s net worth is estimated to be around $43 million. His annual compensation package, which includes his salary, bonuses, and stock options, ranges between $14 to $20 million.

As CEO, he oversees the company’s operations, makes strategic decisions, and ensures that the company continues to grow and succeed. His compensation package is designed to reward him for his leadership and the company’s performance.

In addition to his salary, Decker also benefits from bonuses and stock options. These incentives are tied to the company’s performance. Although not in the list of highest paid CEOs, Decker still gets a decent compensation from Home Depot Inc.

Current Holdings and Investments of Ted Decker

Ted Decker’s Career Timeline and Current Positions

Before joining The Home Depot, Decker worked for PNC in Australia and Pittsburgh. He also held business development and finance roles at Kimberly-Clark and Scott Paper Company, which took him to England and Atlanta. 

Decker started at Home Depot in 2000 and held various executive roles, including managing store and online merchandising and serving as director of business valuation. In October 2020, he became the president and chief operating officer.

In January 2022, after 22 years with the company, Decker was named the new CEO and president of Home Depot. His appointment came at a time when there was a renewed demand for home improvement materials following a slowdown due to the COVID-19 pandemic. He officially took on the role in March of that year. As CEO, Decker announced record earnings and sales for the company, attributing the success to global inflation and a rise in DIY home projects.

In August 2022, Home Depot’s board elected Decker to become the chairman starting October 1, replacing the retiring Craig Menear, whom Decker had previously succeeded as CEO and president.

Current Positions of Ted Decker

Who is Ted Decker’s Wife?

Ted Decker is married to Cathy and has two grown-up daughters. They met each other while studying at William & Mary and got married at the Wren Chapel on campus. Decker has contributed at least $5,800 to support the 2024 re-election campaign of Democratic U.S. Senator Joe Manchin from West Virginia.

Ted Decker Age, Height, Weight, and Physical Appearance

Ted Decker was born in 1963, making her 61 years old as of 2024. His physical appearance is as follows: He is approximately 5′ 11″ (176 cm) tall and weighs around 72 kg (153 lbs). 

Astounding Facts About Ted Decker

• Ted Decker started his career in finance and held various positions before joining The Home Depot.
• He has been with The Home Depot for over 20 years, showcasing his dedication and commitment.
• Ted holds a bachelor’s degree from the College of William and Mary and an MBA from Carnegie Mellon University.
• Before becoming CEO, he served as the Executive Vice President of Merchandising, where he played a crucial role in the company’s growth.
• Ted is known for his focus on enhancing customer experience and driving innovation within the company.
• He has been a strong advocate for sustainability initiatives, pushing for eco-friendly practices in The Home Depot.
• Ted is actively involved in community service and supports various charitable organizations.
• He has been instrumental in integrating technology to improve operational efficiency and customer service.
• Despite his busy schedule, Ted values family time and ensures a healthy work-life balance.
• Under his leadership, The Home Depot continues to thrive and adapt to changing market dynamics.

FAQs

What Happened to the CEO of Home Depot?

Ted Decker became the CEO of Home Depot on March 1, 2022, succeeding Craig Menear. Decker, a 22-year veteran of the company, previously served as President and COO. He has driven the company’s growth and enhanced its interconnected retail experience.

Is Ted Decker Married?

Yes, Ted Decker is married to Cathy Creekmore Decker. They met while attending the College of William and Mary and later got married in the campus’s Wren Chapel. They have two adult daughters.

What is the Home Depot CEO’s Salary?

Ted Decker’s total compensation as CEO of Home Depot is approximately $14.42 million annually. This includes a base salary of around $1.4 million, with the remainder coming from bonuses, stock options, and other incentives.

Who Currently Owns Home Depot?

Home Depot is a publicly traded company with its shares owned by institutional shareholders (70.61%), insiders (4.36%), and retail investors (25.03%). The largest individual shareholder is Kenneth G. Langone, who owns 1.66% of the company.

How Do I Contact Ted Decker?

Ted Decker can be contacted via his official email at Home Depot: ted_decker@homedepot.com. For official matters, you can also reach out through Home Depot’s corporate communication channels¹⁵¹⁶.

How Many Children Does Ted Decker Have?

Ted Decker has two adult daughters. He and his wife, Cathy, have raised their family while managing their professional commitments.

How Long has Ted Decker been CEO?

Ted Decker has been the CEO of Home Depot since March 1, 2022. He took over from Craig Menear and has been leading the company through its next phase of growth.