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. Home Depot names longtime executive as new CEO | AP News As a result, The Home Depot sought to distance itself from the statement. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Decker took over as CEO in . Prior to that, Menear had been the company's chief executive since 2014. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. 2023 CNBC LLC. You are already subscribed to our newsletter! People go: Got it. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. 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. . President Trump's 'opening the country' council features several political donors and supporters . 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. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Details of his birthday and month are yet to be revealed. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. Outgoing CEO Craig Menear will continue to serve as chair of the board. The company currently has around 2200 stores and 400,000 associates. . Decker, who has . Craig A Menear - Add Relationship - LittleSis In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. After graduating from MSU, Menear began his career at the modest, now-defunct retailer, Montgomery Ward; which was a pioneering mail order and department store retailer that operated between 1872 and 2001. 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. 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. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Country of residence : Unknown. 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. We just went back to some foundational statements from [founders] Bernie Marcus and Arthur Blank in terms of our company values and what we stand for. Political Action Committee, the . } Inside the career of Home Depot CEO Craig Menear, who has worked at the 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. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. What are the admission requirements to study medicine at UCT 2022? Home Depot on Thursday also announced a new $15 billion share-buyback program. } Since then, he has become a regular donor to his alma mater throughout the years. Top editors give you the stories you want delivered right to your inbox each weekday. Craig Menear politics. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. 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. Retail, among the industries hit hardest by the pandemic, received significant representation. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . 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. Menear was born in Flint, Michigan, USA, in the year 1958. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. 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.. They outrank your supervisor. } It should be no surprise that Craig Menear has had the success to become a millionaire during his career. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. References This . Political Campaign Contributions. Home Depot Inc. The American businessman has kept much of his personal life out of the spotlight. Don't Compete with Inevitable Craig Menear, CEO Home Depot Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Richard Mcvey: age, children, first wife, height, career, profile, worth. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. ADVERTISEMENT. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. 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. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Craig Menear - YouTube Even as the pandemic took hold shortly thereafter, demand for construction-type products actually soared due to homeowners being quarantined inside all day long with not much to do but pursue do-it-yourself projects around their household. 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. 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. In 2007, he was appointed executive vice president of merchandising. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Home Depot CEO Craig Menear leaves his post | exechange Adelson did not respond to a request for comment. Craig Menear Net Worth (2023) | wallmine He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. "President Trump, who has already brought together the private sector and federal government for unprecedented collaboration during the COVID-19 pandemic, is beginning a dialogue with prominent and successful individuals across multiple industries with different backgrounds and skillsets for the monumental task of re-opening the American economy," Deere wrote. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Craig Menear - Biography - MarketScreener.com But Id say, the most important thing, that weve found spans across generations, is: people want to understand the strategy of your company, they want to understand how they fit in that, and how they contribute to that.. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 2020 Transaction Count/Amount. Craig Menear is chairman, CEO and president of The Home Depot. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Clearly, he knows his way around technical issues with computers, but there has to be more to, Read More 10 Things You Didnt Know about Leif K-BrooksContinue. Menear was born and raised in Flint, Michigan to his family back in 1958. Download all contribution records for this person. 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. 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.. Work Biography for Craig Menear. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. 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 . [8], Menear is a donor to his alma mater, Michigan State University. Aug. 17, 2021. Craig Menear Chairman and Chief Executive Officer. Mr . 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. A Division of NBCUniversal. He also explained that Dawn had been a great source of support throughout his career. Together, they worked on several home improvement projects. ET and ABC News Live at 4 p.m. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. What do you think about the CEO of Home Depot donating all his - Quora U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . With over 10 years experience he's covered businesses, CEOs, and investments. Read more here! Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. 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! 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. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. Biography of Craig Menear. 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. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. Menear was born c.1958 in Flint, Michigan. Trump advisers on reopening economy gave half-billion to Republican Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan 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. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Follow Craig Menear on LinkedIn to get to know them better. Like other CEOs, Craig has been vocal about his political stand in the US elections. Text. Photo by Patrick James Miller for Fortune The breach was, unquestionably . Craig Menear - Wikipedia In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Craig Menear (born c.1958) is an American business executive. Craig A Menear, Home Depot Inc: Profile and Biography . 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. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. However, as of 2021, he is 63 years old. He will be replacing Craig Menear, who has been . The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Craig Menear Net Worth (2023) | wallmine As published in the Atlanta Business Chronicle on June 1, 2018In early 2014, three people were in the running to succeed Frank Blake as CEO of The Home Depot Inc. Craig Menear, who eventually . By clicking Sign up, you agree to receive marketing emails from Insider All Rights Reserved. 2. Craig Menear replacing Frank Blake as Home Depot CEO - ajc Transactions of nine hundred dollars or more, which represent around 20% of Home Depots sales in the United States, began stabilizing by the start of 2010. Author: Lois Furry. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Check your inbox to be the first to know the hottest news. 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. Contribution Totals. Many people are familiar with him because of his decade-long stint in the media industry. Family Life. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC 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. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Like other CEOs, Craig has been vocal about his political stand in the US elections. The company is involved in renovating or making additions to houses. From the policy debates to the political fights, today's . The Home Depot on Thursday named a veteran executive as its new CEO. CEO Craig Menear is also a major Republican donor. A Division of NBCUniversal. listeners: [], Craig Menear - RILA His family also took part in the tool and improvement industry, as his father worked as a tool maker and dye maker for the company General Motors. But scattered among them are several of Trumps friends, supporters, and political donors. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Give Me an H: Chairman and CEO Craig Menear's Passion for Retail Starts He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. He attended Flint Central High School. Craig Menear - Chairman, CEO and President - CrunchBase Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Of course, its not easy working as the CEO and President of a company, but Craig Menear has surely proven himself in his role these past three years. Find contact details for 700 million professionals. 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 will become Home Depot CEO - SFGATE But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Inside the career of Home Depot CEO Craig Menear - Business Insider Sign up for free newsletters and get more CNBC delivered to your inbox. Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls 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. Craig Menear Wiki - Age, Wife, Family, & More. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. With the exception of Ellison, the top brass at both home improvement giants largely favor donating to their employer's designated PAC, as well as the occasional specific politician or campaign. A Home Depot store is seen in Washington, DC, on August 18, 2020. His films have been among the biggest box office hits of all time. Home Depot names Craig Menear new CEO starting Nov. 1 "As a 22-year associate of The Home Depot, Ted . 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. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Public asset : 66,160,504 USD. event : evt, Got a confidential news tip? He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Menear began working at Home Depot in 1997. After completing his university studies, the American businessman got into work at several retailers. He lives with his wife, and the couple also has two daughters. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. 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. Hell do an outstanding job leading our company in the years ahead.. 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. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. 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. 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. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom 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. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 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. on: function(evt, cb) { 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). In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney Craig Menear Net Worth, Biography, and Insider Trading Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Home Depot Co-Founder Endorses Donald Trump | Snopes.com Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. Craig Menear, chairman, president, and CEO of The Home Depot and alumnus of the Broad College of Business, was the commencement speaker at the spring undergr. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. This article about an American businessperson born in the 1950s is a stub. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Enjoy our content? Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. 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). Home Depot Punished Worker for Black Lives Matter Logo, Labor Board Craig Menear tries to be on the store floor of a Home Depot almost every week. Decker took over as CEO in March, when Menear stepped down from that role. 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. 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. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. He worked his way through, and in 2007 he was named the Vice President of Merchandising. 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. Political Action Committee, according to FEC data. Tell Wealthy Corporations to Stop Bankrolling the Republicans In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. } [2][4][5], Menear joined Home Depot in 1997. [1] He became executive vice president of merchandising in 2007. 6. You have to stay focused on the customers needs and when you lose that focus, bad things happen. While glancing at his 13 years company's stock transaction .
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