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 . We will stand up and speak up, hitting Home . "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. 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. })(); 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. 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. People go: Got it. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. 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 said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. Menear has donated to the Home Depot Political Action Committee over the years. The company currently has around 2200 stores and 400,000 associates. Decker, who has . The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. "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.". He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. 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 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. 5. 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. [8], Menear is a donor to his alma mater, Michigan State University. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. What are the admission requirements to study medicine at UCT 2022? He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates, according to the Center for Open Politics. Since then, he has become a regular donor to his alma mater throughout the years. His films have been among the biggest box office hits of all time. } 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. The idea is to further unlock the interconnected retail vision the company began building many years ago. 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. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. Following his departure from that initial outfit, he took on roles among numerous home improvement retail companies (each notably vying in the field of do-it-yourself projects), such as Grace Home Centers, Builders Emporium, and IKEA, at one point, he was a distribution manager for the latter. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Data is a real-time snapshot *Data is delayed at least 15 minutes. Home Depot names Ted Decker as new CEO, replacing Craig Menear In his role as a news anchor, he has covered more than 300 hours of live, breaking news coverage, including the 2016 presidential campaign and events around the world. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. That makes a difference, believes Frank Blake. 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. (function() { Not the Craig Menear you were looking for? Craig Menear. He has been ranked 29th in the top 1000 CEOs of private and public companies. Menear was born in Flint, Michigan, USA, in the year 1958. Craig Menear. Menear has donated to the Home Depot Political Action Committee over the years. He lives with his wife, and the couple also has two daughters. 2. Craig Menear is chairman, CEO and president of The Home Depot. 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. 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. Home Depot CEO - Craig Menear (Age 63) - ListOfCEO In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. 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. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. 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. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. 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. Inside the career of Home Depot CEO Craig Menear, who has worked at the 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. Many people are familiar with him because of his decade-long stint in the media industry. Craig Menear Wikipedia Republished // WIKI 2 [3], Menear was educated at the Flint Central High School, graduating in 1975. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. 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 . 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. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . The foundation has nearly doubled its political giving since 2018. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. He attended Flint Central High School. Political Campaign Contributions. 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. "I have tremendous confidence that he will guide our company to new heights.". In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. The Home Depot - Wikipedia Michigan State was a great economic opportunity to be able to get a great education and a great life, and I am very happy to be able to give back some of what was given to me, he divulges to the schools newspaper, having earned his bachelors degree in a fairly swift four years, with the class of 79. Account will be deleted and I will shop at Lowes! The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Decker took over as CEO in . I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Menear has donated to the Home Depot Political Action Committee over the years. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. As the Democratic-leaning holdout of Home Depot's group of founders, Blank has given hundreds of thousands of dollars to Democrats like Hillary Clinton, Chuck Schumer, and Sam Nunn. 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. 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. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Atlanta Business Chronicle sits down with Home Depot CEO Craig Menear [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. HOME DEPOT INC Executive Salaries & Other Compensation - Salary.com Home Depot picks veteran Ted Decker as new CEO | CNN Business Learn how your comment data is processed. Contribution Totals. Craig Menear will become Home Depot CEO - SFGATE 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? 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Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Craig Menear (born c.1958) is an American business executive. His skills can be looked up to and learned from. Aug. 17, 2021. How Home Depot CEO Frank Blake kept his legacy from being hacked 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. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Tune into ABC at 1 p.m. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Search. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Political Action Committee, the . Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. [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. Craig Menear Net Worth (2023) | wallmine Menear has donated to the Home Depot Political Action Committee over the years. . In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Craig Menear and two executive VPs explain that you can use these hours as you see fit, whether now, or later (summertime beach season for me), or not at all & get paid out for them at the end of the year. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. 2. Craig Menear Net Worth, Biography, and Insider Trading All Rights Reserved. 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. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. 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). 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. Trump advisers on reopening economy gave half-billion to Republican As Craig Menear put it: that was a significant improvement compared to double-digit declines in previous quarters in 2009. He attributed the improvement to consumers snapping up values in Home Depots appliances, water heaters, and windows categories. He serves as the chairman and is the former chief executive officer of The Home Depot. But is Home Depot really a conservative company? Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. A Home Depot store is seen in Washington, DC, on August 18, 2020. Atlanta, GA, US View. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Craig Menear - $15,620 in Political Contributions for 2020 - CampaignMoney Craig A. Menear: CEO Pay $13,059,751: Median Employee Pay $28,697: CEO Pay Ratio 455:1: Board of Directors in HOME DEPOT INC. For its 2021 fiscal year, HOME DEPOT INC, listed the following board members on its annual proxy statement to the SEC. Recruited from General Electric, Robert Nardelli was CEO of The Home Depot between 2000 and 2007, his tenure at the home improvement giant has since been scrutinized by analysts as far-reaching as the Wharton School of Finance, where one published study argueshe brought the wrong toolbox to the job. Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney You can find out more information about Menear and the work he has put into The Home Depot online. Thats right. 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. A Division of NBCUniversal. 24/7 coverage of breaking news and live events. By DEE-ANN DURBIN January 27, 2022. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Menear began working at Home Depot in 1997. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. As a result, The Home Depot sought to distance itself from the statement. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. That makes up around 9% of the PAC's current cycle to-date disbursements. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. 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. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Craig Menear tries to be on the store floor of a Home Depot almost every week. 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. Inside the career of Home Depot CEO Craig Menear, who has worked at the Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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. Mr . Larry Page: net worth, age, children, wife, house, education, salary, profiles. 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. Palmer's real estate firm G.H. Craig Menear, CEO of The Home Depot Wiki: Salary, Net - wikinetworth 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. } While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Craig Menear - Wikiwand Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Updated April 6, 2015 6:34 pm ET. President Trump's 'opening the country' council features several (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. The company's statement didn't give a reason for Menear's retirement. 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. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. In 2007, he gained the title of Vice President of Merchandising for the company, which led to his becoming CEO in the fall of 2014. But scattered among them are several of Trumps friends, supporters, and political donors. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. However, these actions were met with backlash from the public. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. 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. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. His father was a tool and die maker at Flint General Motors. Weve done a number of things throughout our facilities to be able to be more flexible, were working on expanding childcare services, and weve changed the configuration of our buildings in order to facilitate more team integration, Menear explains.
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