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CEO Craig Menear is also a major Republican donor. He has been ranked 29th in the top 1000 CEOs of private and public companies. Connie Snyder: What do you know about Steve Ballmer wife? Thats right. . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Retail, among the industries hit hardest by the pandemic, received significant representation. However, these actions were met with backlash from the public. Garrett by trade is a personal finance freelance writer and journalist. 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. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Have you ever looked at a company or brand and wondered who runs the show? In 2016, he received $11.5 million. [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. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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. Find contact details for 700 million professionals. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 2023 CNBC LLC. He is one of the legendary news anchors in America today. Want to connect with other businesses in the Latino community? [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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Briefly.co.za recently published an article about Brian Williams' biography. Got a confidential news tip? Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. He is on the Board of Directors at Retail Industry Leaders . Has Worked For More Than Just The Home Depot. 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. You can help Wikipedia by expanding it. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . By clicking Sign up, you agree to receive marketing emails from Insider Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Decker took over as CEO in . The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. Tune into ABC at 1 p.m. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. He has had the role of Chief Executive Officer since 2014. President Trump's 'opening the country' council features several political donors and supporters . The show airs every weeknight at 11 pm Eastern Time on MSNBC. His first job was at Montgomery Ward, a department store chain. 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. Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Fla., Dec. 7, 2019. 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. Craig Menear tries to be on the store floor of a Home Depot almost every week. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). 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. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Craig Menear politics. Photo by Patrick James Miller for Fortune The breach was, unquestionably . Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past. . Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. 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. 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 . 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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. 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.. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Craig Menear (born c. 1958) is an American business 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. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1.. Frank Blake has been Home Depot's chairman and CEO since 2007, and . 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. 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. 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. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Craig Menear is an inspiration to all the upcoming businesspersons. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? Menear has been into entrepreneurship from an early age. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 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. Coca-Cola ultimately issued a carefully worded statement saying that "voting is a foundational right in America" and pledging to "work to advance voting rights and access in Georgia and . . 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . He is replaced by former executive vice president Ted Decker. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. 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. 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. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. Political Action Committee, according to FEC data. 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. Not the Craig Menear you were looking for? Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Craig Menear Chairman & Chief Executive Officer. Data is a real-time snapshot *Data is delayed at least 15 minutes. By December of 2019, The Home Depot was riding high considering online sales had been increasing about $1 billion in each of the previous six years, ultimately making them the 5th largest e-commerce operation in the United States; 50% of the time, customers were choosing to pick up their orders inside their neighborhood store a testament to the home improvement giants interconnected strategy. 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. Top editors give you the stories you want delivered right to your inbox each weekday. 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. "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. Enjoy our content? Menear began working at Home Depot in 1997. However, he could be reached through his work contacts. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. 2023 CNBC LLC. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Craig Menear - Chairman, Chief Executive Officer and President. All Rights Reserved. He worked his way through, and in 2007 he was named the Vice President of Merchandising. He has also served as a Chairman for the company since 2015. He previously served as chief merchant and executive vice president of merchandising. 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. ET and ABC News Live at 4 p.m. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. His skills can be looked up to and learned from. [1][2], Menear began his career at several retailers. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Menear said 98 words. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. 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. Search. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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. His father was a tool and die maker at Flint General Motors. 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. If somebody had said, Okay, Frank, here blank sheet of paper. The company is involved in renovating or making additions to houses. Read more here! As a result, The Home Depot sought to distance itself from the statement. Alma Mater. While glancing at his 13 years company's stock transaction . Menear, 57, has been president of the company's U.S. retail operations since February . Decker, who has . He then worked at Builders Emporium and was also a distribution manager at IKEA. Updated April 6, 2015 6:34 pm ET. He attended Flint Central High School. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Mr. Menear owns over 68,468 units of Home Depot stock worth over $75,521,444 and over the last 16 years he sold HD stock worth over $14,995,979. 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 is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 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. 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. Access your favorite topics in a personalized feed while you're on the go. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. His own father was a tool and die maker that worked at GM for forty-one years, and on the few off days to be had, the working-class man often recruited the help of his son for strenuous home improvement projects; perhaps Craig enjoyed these early boyhood do-it-yourself construction tasks, considering the billion-dollar company hed ultimately helm. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Frank Blake has been Home Depot's chairman and CEO . 5. 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. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Stay up to date with what you want to know. 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. And is Lowe's its liberal counterpart? 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. 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 . A Home Depot store is seen in Washington, DC, on August 18, 2020. All Rights Reserved. His triumphs have clearly been shown, as in his three years in the position have led to amazing stock records (as we mentioned before), and the company appears to be doing better than ever while continuing to evolve. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Adelson did not respond to a request for comment. Menear has donated to the Home Depot Political Action Committee over the years. 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. Menear was born in Flint, Michigan, USA, in the year 1958. The Home Depot, Inc. (NYSE:NYSE:HD) Alliance Bernstein 37th Annual Strategic Decisions Conference June 3, 2021 1:30 PM ETCompany ParticipantsCraig Menear - Chairman and Chief Executive. window.mc4wp.listeners.push( The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . During his childhood, he had a lawn care business with which he bought his first car. 2. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Details of his birthday and month are yet to be revealed. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. "As a 22-year associate of The Home Depot, Ted . Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Data is a real-time snapshot *Data is delayed at least 15 minutes. He lives with his wife, and the couple also has two daughters. But scattered among them are several of Trumps friends, supporters, and political donors. Download all contribution records for this person. Prior to that, Menear had been the company's chief executive since 2014. on: function(evt, cb) { Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: "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 . Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Has Been Known As The Darling Of Wall Street, 7. 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. 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. 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. 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. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. Craig Menear (born c. 1958) is an American business executive. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. 24/7 coverage of breaking news and live events. 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. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Among other initiatives, they plan on adding 170 distribution facilities across America to reach 90% of the U.S. population in one day or less, moreover, another goal is to open hubs that will consolidate the freight for dispatch on to final-mile delivery vehicles appliances for Interline MRO, Pro, and do it yourself (DIY) hobbyists delivery from DFCs, vendors, and stores, in about 100 locations. 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's Home Depot: The Darling Of Wall Street", "Craig Menear, Flint native, named Home Depot CEO", "Inside the career of Home Depot CEO Craig Menear, who spent nearly 20 years working his way up the ladder", "Company Overview of The Home Depot, Inc.: Craig A. Menear", "Home Depot nails 2016 but CEO's pay drops slightly, to $11.5 million", "Why Home Depot CEO Craig Menear Is The Retailer Of The Year", https://en.wikipedia.org/w/index.php?title=Craig_Menear&oldid=1107007407, This page was last edited on 27 August 2022, at 16:50. Mr Menear, getting involved in political statements. ); Join the Brooksy Society by subscribing to our Monthly Newsletter! As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. Decker took over as CEO in March, when Menear stepped down from that role. But, what does the CEO of home depot make? He serves as the chairman and is the former chief executive officer of The Home Depot. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. Will Record Tuition Deductions Help Private Colleges? . Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. After completing his university studies, the American businessman got into work at several retailers. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. By DEE-ANN DURBIN January 27, 2022. Craig Menear is chairman, CEO and president of The Home Depot. "I have tremendous confidence that he will guide our company to new heights.". Reply. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. 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.

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