He will be replacing Craig Menear, who has been . 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. callback: cb Select this result to view Craig Albert Menear's phone number, address, and more. Through his able leadership, the company has grown significantly. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. He has had the role of Chief Executive Officer since 2014. Not the Craig Menear you were looking for? 2023 CNBC LLC. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. "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. "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. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. References This . In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . [8], Menear is a donor to his alma mater, Michigan State University. 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. 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 culture was always here, he retrospectively told Institutional Investor in a 2011 interview. 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? 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. 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. By DEE-ANN DURBIN January 27, 2022. 2016 Election Cycle. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. "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 . (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. Over the past year, Home Depot has consistently been hammered online over the conservative political stances of two of its founders: Bernie Marcus and Ken Langone. 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. What are the admission requirements to study medicine at UCT 2022? Here's a look into Menear's life and career: Source: San Diego Tribune, USA Today, Forbes, Source: Federal Election Committee, CNBC, The Center for Responsive Politics. event : evt, Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Account will be deleted and I will shop at Lowes! And is Lowe's its liberal counterpart? The list features prominent leaders from a range of major industries, from real estate to finance to sports. We lost that focus in the mid-2000s and candidly, we blew one of the biggest housing booms this country has ever seen in the 2004, 2005, 2006 era.. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . 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. Craig Menear politics. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. 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 . The show airs every weeknight at 11 pm Eastern Time on MSNBC. Menear has donated to the Home Depot Political Action Committee over the years. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Under his leadership, the company continues to give quality services in supplying tools, construction products. on: function(evt, cb) { We want to hear from you. Craig Menear Chairman & Chief Executive Officer. Linked companies : No connection available. Decker took over as CEO in . 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. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Thats right. But simply examining large donations from retired founders does not lead to a complete or accurate picture of either Home Depot or Lowe's' political leanings. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Both have vocalized consistent support for US President Donald Trump. Craig Menear in Washington | Photos | Reviews | 18 building permits. 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 . Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. All Rights Reserved. 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! Has Been Known As The Darling Of Wall Street, 7. Richard Mcvey: age, children, first wife, height, career, profile, worth. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . So far in 2020, Lowe's' PAC has given a total of $540,500 to politicians, with a breakdown of 30% in contributions to Democratic candidates and 70% in giving to Republican contenders. Public asset : 66,160,504 USD. Stay up to date with what you want to know. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Biography of Craig Menear. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. You have to stay focused on the customers needs and when you lose that focus, bad things happen. 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. Has Worked For More Than Just The Home Depot. [1][2] His father worked as a tool and die maker for General Motors. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. They invested about $11 billion in the improvement of . While glancing at his 13 years company's stock transaction . Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 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. POLITICAL ACTION COMMITTEE: His films have been among the biggest box office hits of all time. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. He also explained that Dawn had been a great source of support throughout his career. 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. Others Named Craig Menear. He has also served as a Chairman for the company since 2015. } Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Text. Both public and private colleges are competing for a limited number of students. Sign up for free newsletters and get more CNBC delivered to your inbox. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. You are already subscribed to our newsletter! 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. Lets get started. Starting in 2019, a Nevada voter named Patrick Farrah is listed by the FEC as having donated thousands toward Republican candidates like Lindsey Graham, Mitch McConnell, Kevin McCarthy, and Duncan Hunter, as well as the PAC Bikers for the President. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. [3], Menear was educated at the Flint Central High School, graduating in 1975. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. 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. . Monday, January 31, 2022 6:11 AM UTC. 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. . Got a confidential news tip? The two youthful love birds were dating by junior high, eventually graduated hand in hand from Central High School, and forever sealing their vintage Americana status as high school sweethearts, got married during the mid-80s; over three decades later, they are still going strong! In 2021, the company had 490,600 employees and more than $151 billion in revenue. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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 related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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 Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Mr Menear, getting involved in political statements. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. He previously served as chief merchant and executive vice president of merchandising. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. 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. } READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. 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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Craig Menear Wiki - Age, Wife, Family, & More. 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. He lives with his wife, and the couple also has two daughters. 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. Craig may not officially change The Home Depot's signature orange color, but his allegiance to the green and white is as strong as ever. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. For some retailers, fewer in-person . In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". Read more about the author Craig Menear at L'ATTITUDE. Read more here! . That same day, America First Action announced a $26.6 million investment in broadcast television ad buys set to run in the fall in the battleground states, including $18 million in Florida. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. His skills can be looked up to and learned from. The Home Depot on Thursday named a veteran executive as its new CEO. Got a confidential news tip? Menear has donated to the Home Depot Political Action Committee over the years. Work Biography for Craig Menear. President Trump's 'opening the country' council features several political donors and supporters . All Rights Reserved. 6. Search. If somebody had said, Okay, Frank, here blank sheet of paper. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Garrett by trade is a personal finance freelance writer and journalist. } But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Data is a real-time snapshot *Data is delayed at least 15 minutes. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. The American businessman has kept much of his personal life out of the spotlight. "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. Teddy W Solomon says: April 4, 2021 at 5:19 pm. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. 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. 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. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. CEO Craig Menear is also a major Republican donor. 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? As a result, The Home Depot sought to distance itself from the statement. 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. } 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. window.mc4wp.listeners.push( 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. Will Record Tuition Deductions Help Private Colleges? 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. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. 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. Others in the loop would argue the contrary, that executives werent informed enough on the competition, given Lowes stellar rise; the one thing folks seem to universally agree about regarding this period in Home Depots history is its disheartening impact on all involved parties. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . [7], In January 2022, The Home Depot announced he would be stepping down as the CEO and President effective March 1, 2022 while continuing to serve as the chairman of the board. Still, amidst troubled financial waters, Blake chose to make investments in his operations by continuing to modernize their supply chain, rethinking the role technology could play in their retail strategy, and most importantly, emphasizing the tremendous impact that each hired hand in each store has on Home Depots success. Craig Menear (born c.1958) is an American business executive. 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. You can help Wikipedia by expanding it. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. 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. Ron DeSantis, a close ally of the president, declared "employees at a professional sports (league) and media production with a national audience" part of "essential workers" in Florida, allowing McMahon's pro-wrestling company to continue live television broadcasts from its Orlando training facility, while most businesses in Florida had been ordered to shut to help fight the spread of the coronavirus. From the policy debates to the political fights, today's . Find contact details for 700 million professionals. A Division of NBCUniversal. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Alma Mater. He serves as the chairman and is the former chief executive officer of The Home Depot. But is Home Depot really a conservative company? 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. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 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. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. listeners: [], [2][4][5], Menear joined Home Depot in 1997. Despite being the older company, the original movers-and-shakers of Lowe's never achieved the same high-profile or politicized status in the business world as their orange-aproned counterparts. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Long before he got named The Home Depot CEO, Craig Menear was born in 1958 and raised among the bustling automobile manufacturing factories of Flint Michigan, a blue-collar town that once boasted some nine General Motors (GM) plants. 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. Author: Lois Furry. 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. Earlier this month, a memo from the office of Florida Gov. In 2016, he received $11.5 million. Political Action Committee, according to FEC data. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Aug. 17, 2021. 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. He then worked at Builders Emporium and was also a distribution manager at IKEA. 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. He attended Flint Central High School. This net worth approximation does not reflect any other investments that Mr. Menear may own. However, he could be reached through his work contacts. Home Depot Inc. said Craig Menear, who took over as chief executive in November, received total compensation last year that was valued at $10.2 million. That makes up around 9% of the PAC's current cycle to-date disbursements. 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. Bernie M. 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. 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 company itself used to be involved in sports science but these days, its making a significant move toward healthcare. The councils seemingly crucial healthcare group, for example, is represented mainly by pharmaceutical companies like Pfizer and Johnson & Johnson and insurance companies such as Aetna and Cigna rather than public health professionals. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. [6] He was given $11.5 million in 2016. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Atlanta-based Home Depot is a major political player in Georgia. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. 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. 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. Craig Menear is an inspiration to all the upcoming businesspersons. 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. ); The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Follow Craig Menear on LinkedIn to get to know them better. 2. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. 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