In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Want to connect with other businesses in the Latino community? Home Depots stock value dropped 8% by the time Nardelli was exiled by the companys board in 2007, for comparison, during that time, Lowes shares soared some 180%. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. Has Worked For More Than Just The Home Depot. These innovations had an immensely positive role on Menears merchandising side of things; think smoother stocking of inventory and more cost-effective operating expenses, which tends to create wiggle room for competitively priced products. But Id say, the most important thing, that weve found spans across generations, is: people want to understand the strategy of your company, they want to understand how they fit in that, and how they contribute to that.. "It's not entirely clear what the parameters were for deciding who is included or not included, but there do seem to be a significant number of Trump donors on this list," Brendan Fischer, a federal reforms director at watchdog group Campaign Legal Center, told ABC News. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. President Trump's 'opening the country' council features several political donors and supporters . In November 2014, he became the SEO of the company and has served as its chairman since February 2015. With fresher, Read More The Top Five Fast Food Franchises of 2017Continue, Steven Spielberg ranks as one of the most iconic and respected directors in the history of American cinema. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Like other CEOs, Craig has been vocal about his political stand in the US elections. You could say that Menear has had a love for home improvement instilled in his blood from a young age. 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? As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. We will stand up and speak up, hitting Home . Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Earlier this month, a memo from the office of Florida Gov. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Like other CEOs, Craig has been vocal about his political stand in the US elections. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. I know what that felt like. If you take care of your associates and take care of your customers, everything else takes care of itself., On August 21st of 2014, The Home Depot announced that Craig Menear, then president of U.S. retail, was named CEO and president, effective November 1, 2014. He serves as the chairman and is the former chief executive officer of The Home Depot. Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Fla., Dec. 7, 2019. Menear has donated to the Home Depot Political Action Committee over the years. Of course, eager investors rewarded the stock by skyrocketing its value throughout the nationwide lockdown period to the tune of a record high of $339 per share in May 2021. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. We want to hear from you. [1][2], Menear began his career at several retailers. "As a 22-year associate of The Home Depot, Ted . POLITICAL ACTION COMMITTEE: While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. You can help Wikipedia by expanding it. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. 6. If you enjoyed this story on the life of Home Depot CEO Craig Menear, be sure to check out our biography of Lowes CEO Marvin Ellison! According to the Center for Responsive Politics, the Arthur M. Blank Foundation has only given $283 to Democratic candidates in 2020 so far, and zero dollars to Republicans. 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. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? The question is not merely academic, as decisions made about the economic future of the country could reflect the interests of those appointed to the council. "I have tremendous confidence that he will guide our company to new heights.". 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. ); To examine the politics of the home improvement sector beyond the issue of politically-polarized founders, Business Insider combed through the FEC records for each company's current leadership team and examined the Center for Responsive Politics' breakdown of each company's in-house PAC for answers. He then worked at Builders Emporium and was also a distribution manager at IKEA. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 Democrats received 30% of an overall contribution of $1,977,250. Read more here! His father was a tool and die maker at Flint General Motors. The Home Depot has become one of the more successful home improvement companies that Craig Menear has earned himself the 29th spot on the list of the top 1000 CEOs of private and public companies. Craig Menear Chairman & Chief Executive Officer. Download all contribution records for this person. He previously served as chief merchant and executive vice president of merchandising. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. 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. Richard Mcvey: age, children, first wife, height, career, profile, worth. })(); 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. Frank Blake has been Home Depot's chairman and CEO . Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Read more about the author Craig Menear at L'ATTITUDE. Retail PACs have given a total amount of $5,169,932 to candidates so far this year, with 43% of that money going to Democratic candidates, and 57% going to Republican contenders. Everything to know about him, De Lille reveals ANC ministers and deputies live in lavish Pretoria and Cape Town houses worth R1bn, SA awed, Mpho Wabadimo and Thema Broly allegedly split after 'BBMzansi' winner posts cryptic pictures on Instagram, Twitter men defend Zamani Mbatha amid cheating scandal after girlfriend Snikiwe Mhlongo exposed him: "Protect Zamani", Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Marcus in particular has once again made headlines by vowing to support. If somebody had said, Okay, Frank, here blank sheet of paper. But the recurring partisan controversy fails to capture the fact that both home improvement companies skew conservative when it comes to political giving a tendency they share with many major retailers. 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. 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. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). On 1 June 2016, Home Depot co-founder Bernie Marcus published an essay on the web site Real Clear Politics in which he announced that he was endorsing GOP candidate Donald Trump for President of . Mr. Menear owns over 68,468 units of Home Depot stock worth over $71,783,125 and over the last 16 years he sold HD stock worth over $14,995,979. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. His films have been among the biggest box office hits of all time. Country of residence : Unknown. Menear has donated to the Home Depot Political Action Committee over the years. . Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Learn more about the background of Craig Menear, the highly respected CEO of The Home Depot and his perspective on leadership and the future of business in a. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. People go: Got it. Hell do an outstanding job leading our company in the years ahead.. 10 Things You Didnt Know about Targa Resources CEO Joe Bob Perkins, The Top Five Fast Food Franchises of 2017, The 10 Highest Grossing Films Directed by Steven Spielberg, 10 Things You Didnt Know about Mohit Kumar, 10 Things You Didnt Know about Leif K-Brooks, How Ali Wong Achieved a Net Worth of $3 Million, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe. 5. To find out, Business Insider analyzed Federal Election Commission data for Home Depot and Lowe's executives, as well as data from the Center for Responsive Politics. But, what does the CEO of home depot make? Net sales increased 44 percent to $108.5 billion in the first quarter, after already increasing 38 percent to $386.1 billion during the full year of 2020. Decker took over as CEO in March, when Menear stepped down from that role. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. However, as of 2021, he is 63 years old. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. To a Spreadsheet or Other File Type. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Donald Trump, left, and his partner, developer Phil Ruffin, speak during an opening ceremony for the Trump International Hotel & Tower Las Vegas, April 11, 2008, in Las Vegas, Nevada. After graduating from MSU, Menear began his career at the modest, now-defunct retailer, Montgomery Ward; which was a pioneering mail order and department store retailer that operated between 1872 and 2001. Work Biography for Craig Menear. Contribution Totals. 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. Bernie M. Home Depot on Thursday also announced a new $15 billion share-buyback program. 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. Join the Brooksy Society by subscribing to our Monthly Newsletter! Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Excelling academically, Craig Menear finished high school in the spring of 1975 and earned his way into Michigan State Universitys Eli Broad College of Business that next fall semester. Craig is currently on the board of directors of Retail Industry Leaders Association, Atlanta Committee Progress, and 3DE by Junior of Georgia and Camp Southern Ground. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. Home Depot is the largest home improvement retailer in the United States. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Sign up for free newsletters and get more CNBC delivered to your inbox. Craig Menear politics. Ruffin has given nearly $1 million to Trump Victory, the president's joint fundraising committee with the Republican National Committee, and another $1 million to Trump's inaugural committee. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: During his childhood, he had a lawn care business with which he bought his first car. They all have backlogs. In order to best position themselves for this rush in Pro sales, Craig Menear and company have continued streamlining their delivery process, outfitting it to handle larger orders,while also ensuring they have stocked up on as much inventory as possible. As a result, The Home Depot sought to distance itself from the statement. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. His father worked as a tool and die maker at General Motors. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Reply. The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). 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. Home Depot Inc. "As a long-time Home Depot veteran, Craig lives our . However, he could be reached through his work contacts. 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. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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. Hed get a front-row seat to one of the greatest supply chain overhauls since Amazon began threatening the entire brick and mortar retail business community with speedy home delivery of goods spanning nearly every product category. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Stay up to date with what you want to know. Linked companies : No connection available. Find contact details for 700 million professionals. For some retailers, fewer in-person . Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. 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. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Menear said 98 words. By December of 2019, The Home Depot was riding high considering online sales had been increasing about $1 billion in each of the previous six years, ultimately making them the 5th largest e-commerce operation in the United States; 50% of the time, customers were choosing to pick up their orders inside their neighborhood store a testament to the home improvement giants interconnected strategy. . Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. His family also took part in the tool and improvement industry, as his father worked as a tool maker and dye maker for the company General Motors. He is on the Board of Directors at Retail Industry Leaders . The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. 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. As announced by Home Depot Inc. in a news release and in a regulatory filing published on Thursday, January 27, 2022, Craig A. Menear leaves his post as chief executive officer at the world's largest . Craig was named CEO and president in November 2014 and chairman in February 2015. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. 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. For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. on: function(evt, cb) { We want to hear from you. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? [1][2] His father worked as a tool and die maker for General Motors. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. It became apparent this rebuild was reaching for the long-term as the great recession took hold, plunging the companys net income to $756 million in the three months ended Nov. 2, 2008, down 30.7% from $1.1 billion in the same period a year before. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Brian is currently a news anchor of The 11th Hour with Brian Williams. 24/7 coverage of breaking news and live events. 38/$15,620. He serves as the chairman and is the former chief executive officer of The Home Depot. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Craig Menear Wiki - Age, Wife, Family, & More. Details of his birthday and month are yet to be revealed. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. For more information on making a gift to the Broad College of Business, contact Senior Director of Development Vivian Leung at leungv@msu.edu or call (517) 355-8504. The list features prominent leaders from a range of major industries, from real estate to finance to sports. In their personal contributions, Home Depot executives have favored many of the same conservative politicians as Menear, although a number of figures from the company's leadership team have supported liberal politicians like Hillary Clinton. His first job was at Montgomery Ward, a department store chain. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Select this result to view Craig Albert Menear's phone number, address, and more. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . 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. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. 2020 Transaction Count/Amount. 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. Decker took over as CEO in March, when Menear stepped down from that role. In total, ABC News identified at least 25 individuals appointed to the advisory council who have made substantial donations to his political campaigns or to outside groups supporting his presidency, raising concerns among prominent ethics watchdogs. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. The foundation has nearly doubled its political giving since 2018. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. Age : 63. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Craig Menear tries to be on the store floor of a Home Depot almost every week. "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. On Sundays, the Fortune 500 corporations new chief executive hand-wrote thank-you cards to employees, a meaningful gesture he learned from President George H. W. Bush while serving as deputy general counsel from 1981-1983, during his vice presidency years.
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