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You can find out more information about Menear and the work he has put into The Home Depot online. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. But how did he come to run the company in the first place? By clicking Sign up, you agree to receive marketing emails from Insider [2][4][5], Menear joined Home Depot in 1997. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Thats right. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . The idea is to further unlock the interconnected retail vision the company began building many years ago. Craig Menear is chairman and CEO of The Home Depot, the world's largest home improvement retailer with more than 2,200 stores and 400,000 associates. Bernie M. Prior to that, Menear had been the company's chief executive since 2014. While glancing at his 13 years company's stock transaction . His father was a tool and die maker at Flint General Motors. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Rapidly putting his know-how to work, the young man from Flint climbed his way up from divisional merchandise manager for the southwest division to senior vice president of merchandising for hardlines by 2003. Recruited from General Electric, Robert Nardelli was CEO of The Home Depot between 2000 and 2007, his tenure at the home improvement giant has since been scrutinized by analysts as far-reaching as the Wharton School of Finance, where one published study argueshe brought the wrong toolbox to the job. Through his knowledge of restructuring the company for ultimate profitability, the company has exceeded many expectations, and should continue to do so throughout the coming years as well. What are the admission requirements to study medicine at UCT 2022? on: function(evt, cb) { For one of the co-founders, Bernie Marcus, to support a xenophobic, misogynistic, racist bigot like Donald Trump and stand by his divisive, hateful rhetoric is beyond acceptable and appalling. He also explained that Dawn had been a great source of support throughout his career. ); Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Despite the fact he walked away with a dreamy retirement package worth up to $210 million, his practices left Home Depot in a compromised position, particularly due to the cost cuts that were being made to reach inauthentic quarterly objectives they inadvertently wreaked havoc on the ground floor, in other words, where the customer spends their money. Menear has donated to the Home Depot Political Action Committee over the years. Author: Lois Furry. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Craig Menear, chairman, president, and CEO of The Home Depot and alumnus of the Broad College of Business, was the commencement speaker at the spring undergr. Menear has been into entrepreneurship from an early age. Prior to his retirement in November 2011, Mr. Arpey served as Chief Executive Officer of AMR Corporation, a global airline holding company, and its subsidiary American Airlines, from 2003 through November 2011, immediately prior to their voluntary filing for reorganization . We want to hear from you. President Trump's 'opening the country' council features several political donors and supporters . A Division of NBCUniversal. Photo by Patrick James Miller for Fortune The breach was, unquestionably . World Wrestling Entertainment Vince McMahon, the husband of major Trump donor and fundraiser Linda McMahon, is also listed as a member under the sports group. from 1999 to present. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ET and ABC News Live at 4 p.m. Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past. By DEE-ANN DURBIN January 27, 2022. Executing a move that initially left some scratching their heads, the board appointed Frank Blake CEO after Nardellis departure, he had come from GE as well, and many feared a catastrophic repeat of the past seven years. Home Depot co-founder Bernie Marcus, who retired more than 20 years ago but has given $7 million to super PACs supporting Trump, is listed in the councils retail group alongside Home Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given $2,700 to the Trump campaign, the maximum an individual can give to a campaign per election. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. 2023 CNBC LLC. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Public asset : 66,160,504 USD. Have you ever looked at a company or brand and wondered who runs the show? Mr. Menear owns over 68,468 units of Home Depot stock worth over $75,521,444 and over the last 16 years he sold HD stock worth over $14,995,979. })(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Craig Menear is chairman, CEO and president of The Home Depot. Lets get started. Since then, he has become a regular donor to his alma mater throughout the years. "Craig is always careful not to make the success of The Home Depot about him, but to make it about all of the team," said Frank Blake, Menear's predecessor as CEO, serving in the role from . Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year The show airs every weeknight at 11 pm Eastern Time on MSNBC. . Home Depots same-store sales in the U.S., which includes sales online and at stores open for at least 12 months, grew 24.6% in the pandemics first quarter. This site uses Akismet to reduce spam. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Quickly connect with Craig before . Monday, January 31, 2022 6:11 AM UTC. Home Depot is the largest home improvement retailer in the United States. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Home Depot on Thursday also announced a new $15 billion share-buyback program. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. He then worked at Builders Emporium and was also a distribution manager at IKEA. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Craig Menear Political Contributions in 2020. Adelson did not respond to a request for comment. Both have vocalized consistent support for US President Donald Trump. But is Home Depot really a conservative company? Craig A. Menear: CEO Pay $13,059,751: Median Employee Pay $28,697: CEO Pay Ratio 455:1: Board of Directors in HOME DEPOT INC. For its 2021 fiscal year, HOME DEPOT INC, listed the following board members on its annual proxy statement to the SEC. I am Craig Menear CEO of Home Depot hater of Lowe's Destroyer Of IKEA Harbinger of Toilets Seller of Kitchen Cabinets Master of All PVC Tubes God of Construction Hardware BOW BEFORE ME MORTALS. [3], Menear was educated at the Flint Central High School, graduating in 1975. Got a confidential news tip? Follow Craig Menear on LinkedIn to get to know them better. In this article, we are going to reveal to you ten things that you may not have known about Menear, and his time on top in The Home Depot company. Updated April 6, 2015 6:34 pm ET. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Contribution Totals. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Craig Menear has been climbing the ladder at Home Depot for years and not one of the orange metal ones that employees use to grab products off high shelves. Brian is currently a news anchor of The 11th Hour with Brian Williams. They invested about $11 billion in the improvement of . Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Menear began working at Home Depot in 1997. Craig Menear works as a Board Member Craig graduated from Michigan State University's Eli Broad College of Business and They used to work at Camp Southern Ground and have used the following emails: , @homedepot.com. The Home Depot has become a household name in house renovations, all under the leadership of Craig. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. He has also served as a Chairman for the company since 2015. From 2015 to 2019, CVS Health gave over $31 million to political non-profits, Intel gave $18 million, Anthem Blue Cross Blue Shield health insurance $16 million, Dow $16 million, AT&T $9 million, and Microsoft $6 million. Holifields team then proceeded to engineer and execute on the companys supply chain transformation, adding a network of eighteen Rapid Deployment Centers to supply stores with unprecedented efficiency. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. He became president and COO in October 2020. He lives with his wife, and the couple also has two daughters. The Home Depot, Inc. (NYSE:NYSE:HD) Alliance Bernstein 37th Annual Strategic Decisions Conference June 3, 2021 1:30 PM ETCompany ParticipantsCraig Menear - Chairman and Chief Executive. Decker took over as CEO in March, when Menear stepped down from that role. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. At least 25 individuals have made substantial donations in support of Trump. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. "President Trump, who has already brought together the private sector and federal government for unprecedented collaboration during the COVID-19 pandemic, is beginning a dialogue with prominent and successful individuals across multiple industries with different backgrounds and skillsets for the monumental task of re-opening the American economy," Deere wrote. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Menear was born and raised in Flint, Michigan to his family back in 1958. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Among other initiatives, they plan on adding 170 distribution facilities across America to reach 90% of the U.S. population in one day or less, moreover, another goal is to open hubs that will consolidate the freight for dispatch on to final-mile delivery vehicles appliances for Interline MRO, Pro, and do it yourself (DIY) hobbyists delivery from DFCs, vendors, and stores, in about 100 locations. From the policy debates to the political fights, today's . 2. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. That growth has continued, including in the most recent fiscal quarter, even as some consumers hired home professionals in lieu of do-it-yourself projects. Home Depot forced a worker to quit after he wore a slogan supporting the Black Lives Matter movement on his apron, and it threatened to punish other employees who tried to bring . Shares of the company were effectively flat after hours. Transactions of nine hundred dollars or more, which represent around 20% of Home Depots sales in the United States, began stabilizing by the start of 2010. Family Life. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Changing the basis of, Read More 10 Things You Didnt Know about Mohit KumarContinue, What do you know about the Chief Technical Officer and co-founder of online chat platform Omegle, Leif K-Brooks? In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. callback: cb Craig Menear. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. "Our founders have not been with The Home Depot for nearly 20 years and they don't speak on behalf of the company," a Home Depot spokesperson told Business Insider. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. The list features prominent leaders from a range of major industries, from real estate to finance to sports. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. A Division of NBCUniversal. The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Craig Menear tries to be on the store floor of a Home Depot almost every week. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Menear was born c.1958 in Flint, Michigan. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Other prominent Trump donors on the council include Harold Hamm of Continental Resources, Paul Singer of Elliot Management, New England Patriots owner Bob Kraft, and M Crowd Restaurant owner Ray Washburne. Join the Brooksy Society by subscribing to our Monthly Newsletter! NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. During Blakes tenure, Home Depots stock rose more than 100%, by the end, they were operating the worlds largest home improvement specialty retailer, with 2,265 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. 2023 CNBC LLC. During his childhood, he had a lawn care business with which he bought his first car. He has had the role of Chief Executive Officer since 2014. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. "His ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The Home Depot," Menear said in a news release. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Decker began as a director of business valuation and served as executive vice president of merchandising before being named chief operating officer and president in October 2020. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. Since Targa Resources is a member of the Fortune 500 list, this means that Perkins possesses considerable influence when it comes to the companys specialties, which, Read More 10 Things You Didnt Know about Targa Resources CEO Joe Bob PerkinsContinue, Are you looking to start a fast food restaurant franchise? Top editors give you the stories you want delivered right to your inbox each weekday. Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1.. Frank Blake has been Home Depot's chairman and CEO since 2007, and . When introducing her boss at Monday's Rotary Club of Atlanta, the Home Depot's Kelly Barrett admitted that she was a little worried when Craig Menear became CEO following Frank Blake in November . In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. as well as other partner offers and accept our, A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge, Before that, he worked at Montgomery Ward and. Sites and apps where to download Afrikaans movies, Top facts: The biggest dams in South Africa, Video of Zamani Mbatha apologising to Snikiwe Mhlongo after cheating scandal goes viral on social media, Who is Kim Fields's dad Erv Hurd? Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Craig Menear has been climbing the ladder at Home Depot for years and not one of the orange metal ones that employees use to grab products off high shelves. Craig Menear (born c. 1958) is an American business executive. The White House announced the appointment of 220 individuals this week assembled by President Donald Trump to serve on an advisory council to assist the White House coronavirus task force in developing a plan to restart the U.S. economy. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates, according to the Center for Open Politics. Craig Menear is the Chairman of the Board. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Home Depot has seen tremendous growth during the pandemic, as nesting trends and a strong housing market inspired Americans to invest in their homes or move to bigger places. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: ATLANTA, Jan. 27, 2022 - The Home Depot , the world's largest home improvement retailer, today announced that Edward "Ted" Decker has been named CEO and president, and has been elected to the company's board of directors, all effective March 1, 2022.Craig Menear, currently chairman and CEO, will continue to serve as Chair of the Board. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. People go: Got it. And is Lowe's its liberal counterpart? His triumphs have clearly been shown, as in his three years in the position have led to amazing stock records (as we mentioned before), and the company appears to be doing better than ever while continuing to evolve. With this being said, his executive staff has dedicated a lot of time, energy, and effort to making sure they are clearly communicating their approach, strategy, and how each team member has a profound impact on achieving The Home Depots outlined goals. All Rights Reserved. [6] He was given $11.5 million in 2016. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. But scattered among them are several of Trumps friends, supporters, and political donors. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: MENEAR, CRAIG MARIETTA, GA 30068: Home Depot Product Authority,/Home Depot Product Authority,/Chairman Ceo And President: $192: 12/20/2019: P: THE HOME DEPOT INC. Who makes the tough business decisions to keep the company prosperous and overwhelmingly popular throughout the course of its history, and in this tough society? He has been ranked 29th in the top 1000 CEOs of private and public companies. Craig Menear and two executive VPs explain that you can use these hours as you see fit, whether now, or later (summertime beach season for me), or not at all & get paid out for them at the end of the year. His first job was at Montgomery Ward, a department store chain. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Craig Menear: Home Depot Up until about 2013, Home Depot was an excellent place to drive over and grab what you needed for your special project. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. Craig Menear (born c.1958) is an American business executive. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. Menear was born in Flint, Michigan, USA, in the year 1958. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. We just went back to some foundational statements from [founders] Bernie Marcus and Arthur Blank in terms of our company values and what we stand for. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Many people are familiar with him because of his decade-long stint in the media industry. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. } When I joined the company, we were still decentralized, 75% of our goods went direct from the manufacturer to each individual store, and as the business evolved, that supply chain just didnt work anymore; it was really inefficient.. However, these actions were met with backlash from the public. The company's statement didn't give a reason for Menear's retirement. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. He serves as the chairman and is the former chief executive officer of The Home Depot.
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craig menear politics