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. 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. Menear was born c.1958 in Flint, Michigan. [2] Succeeding Frank Blake in these roles, Menear has served as its chief executive officer since November 2014,[2] and as its chairman since February 2015. Craig Menear Chairman & Chief Executive Officer. Craig brings decades of retail experience from mass, home center, specialty and big box retailing to his role during a time when the retail landscape is rapidly changing. 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. If somebody had said, Okay, Frank, here blank sheet of paper. Download all contribution records for this person. Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan 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. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. This article about an American businessperson born in the 1950s is a stub. Home Depot CEO Craig Menear: People focus makes the difference in You can help Wikipedia by expanding it. People like Geoffrey Palmer, a colorful California real estate developer who plays professional polo and owns multimillion-dollar mansions in Beverly Hills, Malibu and Aspen, will join the councils "Construction/Labor/Workforce" group, alongside leaders from major unions, including AFL-CIO, International Brotherhood of Teamsters, and Laborers International Union of North America. That relentless work ethic the future executive displayed must have had something to do with the rugged midwestern upbringing he experienced, after all, his father frequently battered him with the mantra, if youre going to do something, do it 110%, or dont do it at all.. Get this delivered to your inbox, and more info about our products and services. ADVERTISEMENT. "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. Top editors give you the stories you want delivered right to your inbox each weekday. Craig Menear will become Home Depot CEO - SFGATE 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! When Craig Menear started looking for work after college, he wasn't really interested in retail, and he certainly did not imagine one day running the world's largest home improvement retailer. Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls [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. 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. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. Craig Menear has created a big name for himself in the business of home improvement. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . From the policy debates to the political fights, today's . Both have vocalized consistent support for US President Donald Trump. 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. He is replaced by former executive vice president Ted Decker. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Home Depot on Thursday also announced a new $15 billion share-buyback program. 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. Craig Menear. Home Depot names Craig Menear new CEO starting Nov. 1 Home Depot's Craig Menear upbeat about company's future The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha 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. Menear, 57, has been president of the company's U.S. retail operations since February . Home Depot Inc. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. They invested about $11 billion in the improvement of . 6. 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 company also expanded its distribution network, with the goal of offering same-day and next-day delivery to 90% of the U.S. population. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Visit lattitude.net now! 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? In January 2022, The Home Depot announced that he would step . 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. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. 2. 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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Country of residence : Unknown. Search. 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%. . [3], Menear was educated at the Flint Central High School, graduating in 1975. 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. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Shares of the company were effectively flat after hours. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. CEO Craig Menear is also a major Republican donor. Get this delivered to your inbox, and more info about our products and services. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Craig Menear - Wikipedia One of the biggest challenges looking ahead manifested in the form of consumer habits shifting, as online sales grew to 4% with no signs of slowing, leadership needed to ponder how best to sell items from barbecue grills and patio sets to actual bricks and mortar over the Internet. [2][4][5], Menear joined Home Depot in 1997. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. 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. Briefly.co.za recently published an article about Brian Williams' biography. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Menear has donated to the Home Depot Political Action Committee over the years. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. ET and ABC News Live at 4 p.m. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Craig Menear's email & phone | 's Board Member contact info - Datanyze Data is a real-time snapshot *Data is delayed at least 15 minutes. Craig was named CEO and president in November 2014 and chairman in February 2015. Dealing a further blow to internal morale, he also increased the number of less knowledgeable part-time workers at Home Depots stores, which left full-time employees fuming and led to a diminishment of customer service, one of the companys strengths, recounted Barry Henderson, an equities expert at T. Rowe Price. Atlanta Business Chronicle sits down with Home Depot CEO Craig Menear And is Lowe's its liberal counterpart? Inside the career of Home Depot CEO Craig Menear, who has worked at the While glancing at his 13 years company's stock transaction . As a staff member, I remember the feeling of getting a note from the vice president of the United States saying nice job on something. Updated April 6, 2015 6:34 pm ET. 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. 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. Larry Page: net worth, age, children, wife, house, education, salary, profiles. All Rights Reserved. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Earlier this month, a memo from the office of Florida Gov. Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. . Linked companies : No connection available. [6] He was given $11.5 million in 2016. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Got a confidential news tip? 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? 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. Join the Brooksy Society by subscribing to our Monthly Newsletter! 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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. 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. Age : 63. Over the course of five years, the internal funding should spur innovations in everything from store enhancements and new e-commerce solutions to industry-leading delivery options, and a comprehensive ecosystem conducive to professional contractors (Pro). He has also served as a Chairman for the company since 2015. He also explained that Dawn had been a great source of support throughout his career. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. 2. 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. 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. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Inside the career of Home Depot CEO Craig Menear, who has worked at the They outrank your supervisor. Together, they worked on several home improvement projects. Menear has donated to the Home Depot Political Action Committee over the years. 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? I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Sign up for free newsletters and get more CNBC delivered to your inbox. He is on the Board of Directors at Retail Industry Leaders . Craig Menear replacing Frank Blake as Home Depot CEO - ajc You have to stay focused on the customers needs and when you lose that focus, bad things happen. 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 . . Craig A Menear - Add Relationship - LittleSis 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 has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Craig Menear is the Chairman of the Board. 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. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. 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. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Like other CEOs, Craig has been vocal about his political stand in the US elections. Brian is currently a news anchor of The 11th Hour with Brian Williams. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. But is Home Depot really a conservative company? Fostering his own entrepreneurial spirit, as a kid, he set up a neighborhood lawn care business that triumphantly led to him purchasing his first car with personal savings. He serves as the chairman and is the former chief executive officer of The Home Depot. Craig Menear - Wikiwand 2. Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. 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. Craig Menear - Biography - MarketScreener.com Like other CEOs, Craig has been vocal about his political stand in the US elections. Craig Menear Political Contributions in 2020. 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. 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. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. Home Depot founders and Republican mega-donors Ken Langone and Bernie Marcus have attracted controversy over their donations to Republican groups and politicians, including US President Donald Trump. Craig Menear : r/copypasta - reddit 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. 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. Before making his way to The Home Depot, he worked for other independent construction retailers, and other companies (such as Ikea), where he learned the ropes in terms of online sales, marketing, and other business assets. 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. Craig Menear - Chairman, Chief Executive Officer and President. Many people are familiar with him because of his decade-long stint in the media industry. 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 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. A Division of NBCUniversal.

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