Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. 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. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Its worth noting that while board room deliberations ensued regarding Blakes successor, the companys head of U.S. stores, Marvin Ellison and CFO Carol Tome were also potential contenders for the top spot. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Reply. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Decker, who has . At least 25 individuals have made substantial donations in support of Trump. Marcus in particular has once again made headlines by vowing to support. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Craig Menear politics. 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. 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. The American businessman has kept much of his personal life out of the spotlight. Corporate Involvement in Politics & Voter Suppression We need to transform Home Depot to allow customers to shop when, where, and how they want to, Menear said in a 2014 interview at the companys Atlanta headquarters. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney Craig Menear's email & phone | 's Board Member contact info - Datanyze "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. event : evt, Craig was named CEO and president in November 2014 and chairman in February 2015. 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. The company also expanded its distribution network, with the goal of offering same-day and next-day delivery to 90% of the U.S. population. Text. Craig Menear's Home Depot: The Darling Of Wall Street - ChiefExecutive.net He has made the occasional one-off donation to other, largely Republican, candidates and campaigns, including now-Sen. Mitt Romney's presidential run, Jeb Bush, and David Perdue. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Craig Menear (born c. 1958) is an American business executive. So, while the home improvement giants and the more high-profile founders in the industry may favor Republican candidates at the moment, the partisan donation gap may be starting to balance out. A Home Depot store is seen in Washington, DC, on August 18, 2020. 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. Together, they worked on several home improvement projects. } 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. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Menear began working at Home Depot in 1997. And some council members such as Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Facebook CEO Mark Zuckerberg have at times been vocal in their opposition to the president and his agenda. The Center for Responsive Politics found that in the year 2020, donations in the retail sphere have been more even across the political spectrum than usual. 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. Home Depot names longtime executive as new CEO | AP News Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. forms: { Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. 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Craig Menear - L'ATTITUDE Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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 . However, these actions were met with backlash from the public. A persistent Spartan, hed drive the aging aforementioned vehicle to and fro the college campus where he slogged his way through two years of math and statistics that didnt come easy. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. It [the investment] will also go into our associates in forms of both wage benefits and technology to help them do their job, Menear adds in a brief chat with Bloomberg. 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 . The Hispanic and Latino community are a huge clientele and work force of Home Depot, affording Home Depot in reaching the pinnacle of a successful corporation. After completing his university studies, the American businessman got into work at several retailers. Inside the career of Home Depot CEO Craig Menear, who has worked at the Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Since then, he has become a regular donor to his alma mater throughout the years. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. "It's an example of how writing big checks to the president and a super PAC means that your voice is heard louder than many others, Fischer said. Craig Menear is the Chairman of the Board. 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. Visit lattitude.net now! In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . The show airs every weeknight at 11 pm Eastern Time on MSNBC. He has also served as a Chairman for the company since 2015. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. 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. I remember that. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. 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 donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. Home Depot's Craig Menear upbeat about company's future His father was a tool and die maker at Flint General Motors. Now, the company will have to prove it can keep those sales going as Americans face rising prices due to inflation and potentially shift their spending toward services such as dining out and traveling. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Check your inbox to be the first to know the hottest news. 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. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 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. Craig Menear Net Worth, Biography, and Insider Trading Don't Compete with Inevitable Craig Menear, CEO Home Depot With the exception of Ellison, the top brass at both home improvement giants largely favor donating to their employer's designated PAC, as well as the occasional specific politician or campaign. But, what does the CEO of home depot make? He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Craig Menear Wikipedia Republished // WIKI 2 People go: Got it. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. "It's bizarre to me that there's nobody representing public health," Virginia Canter, chief ethics counsel at Washington-based advocacy group Citizens for Responsibility and Ethics in Washington, told ABC News. Starting in 2018, the company began spending $1.2 billion to open about 150 supply chain facilities over five years including giant centers geared toward home professionals. Contribution Totals. His first job was at Montgomery Ward, a department store chain. By DEE-ANN DURBIN January 27, 2022. What do you think about the CEO of Home Depot donating all his - Quora The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Palmer has also been one of Trumps most generous political donors, hosting multiple Trump fundraisers at his luxurious Los Angeles home and giving more than $10 million to the president's various fundraising vehicles, including Trumps presidential campaign, multiple Trump-aligned super PACs, and a legal defense fund set up to help pay legal bills for Trump allies caught up in Special Counsel Robert Mueller's investigation of Russian interference in the 2016 election. . Home Depot CEO - Craig Menear (Age 63) - ListOfCEO President Trump's 'opening the country' council features several And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. [2][4][5], Menear joined Home Depot in 1997. Others Named Craig Menear. Decker took over as CEO in March, when Menear stepped down from that role. Shares of the company were effectively flat after hours. 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. There's a video about it on MyApron and probably on loop in your break room too. Data is a real-time snapshot *Data is delayed at least 15 minutes. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? He will be replacing Craig Menear, who has been . Find contact details for 700 million professionals. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. And is Lowe's its liberal counterpart? 2. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. The Home Depot is doing better than ever in the tool and home improvement industry, and continues to make strides in the ever changing society in which we live. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. In 2021, the company had 490,600 employees and more than $151 billion in revenue. 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. Under his leadership, the company continues to . Craig Menear - YouTube Aug. 17, 2021. But a modicum of political change may be at hand for both retailers in the coming election cycle. 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 more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. 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. The Home Depot has become a household name in house renovations, all under the leadership of Craig. 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. Public asset : 66,160,504 USD. With over 10 years experience he's covered businesses, CEOs, and investments. 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. Age : 63. Craig Menear in Washington | Photos | Reviews | 18 building permits. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. All Rights Reserved. ); Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. Craig Menear is chairman, CEO and president of The Home Depot. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. "Were happy to give input and ideas on the roadmap for reopening the economy, the statement reads, and were also doing this through Craigs participation with other organizations such as the Business Roundtable.". They invested about $11 billion in the improvement of . The company currently has around 2200 stores and 400,000 associates. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Craig Menear (born c. 1958) is an American business executive. Following his brief stint with the fledgling clothing store, Ellison got named CEO of Lowes, an international home improvement retailer that is largely considered his previous employers most fervent competitor. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Home Depot CEO Craig Menear leaves his post | exechange This article about an American businessperson born in the 1950s is a stub. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. 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. 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. Got a confidential news tip? 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. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Sign up for free newsletters and get more CNBC delivered to your inbox. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Throughout the most recent years, it has shown greatly that The Home Depot has some of the best records when it comes to the stock market, and it is all thanks to the leadership of Mr. Craig Menear. Craig Menear will become Home Depot CEO - SFGATE The Home Depot - Wikipedia Mr Menear, getting involved in political statements. Of course, its not easy working as the CEO and President of a company, but Craig Menear has surely proven himself in his role these past three years. Menear has donated to the Home Depot Political Action Committee over the years. 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? Under his leadership, the company continues to give quality services in supplying tools, construction products. He then worked at Builders Emporium and was also a distribution manager at IKEA. "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 . Connie Snyder: What do you know about Steve Ballmer wife? callback: cb Has Been Known As The Darling Of Wall Street, 7. He isnt necessarily the prototypical hotshot CEO we all imagine in our heads when thinking of somebody who has experienced his degree of success or that wields so much economic power, as a matter of fact, hes humble, soft-spoken, and were you to encounter him on the street, theres probably no way youd know he leads an army of 300,000 ready to help associates spread across the North American continent. . CEO Craig Menear is also a major Republican donor. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. For some retailers, fewer in-person . Political Action Committee, the . It should be no surprise that Craig Menear has had the success to become a millionaire during his career. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. "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. Stay up to date with what you want to know. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. The American entrepreneur cannot be contacted directly via his personal details. Read more about the author Craig Menear at L'ATTITUDE. In addition to naming Home Depot CEO Craig Menear to its list, the White House also listed Home Depot co-founders Bernie Marcus and Ken Langone.Both of those billionaires no longer work for the home improvement company, but they are major Republican donors. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). You have to stay focused on the customers needs and when you lose that focus, bad things happen. 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. Brian is currently a news anchor of The 11th Hour with Brian Williams. President Trump's 'opening the country' council features several political donors and supporters . 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. As a result, The Home Depot sought to distance itself from the statement. Craig Menear - Chairman, CEO and President - CrunchBase Learn how your comment data is processed. All Rights Reserved. Home Depot names Ted Decker as new CEO, replacing Craig Menear Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. 2. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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! He has been ranked 29th in the top 1000 CEOs of private and public companies. Home Depot Co-Founder Endorses Donald Trump | Snopes.com Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. Atlanta Business Chronicle sits down with Home Depot CEO Craig Menear 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. You could say that Menear has had a love for home improvement instilled in his blood from a young age. from 1999 to present. Many people are familiar with him because of his decade-long stint in the media industry. Enjoy our content? 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 .
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