"President Trumps policies built a booming economy and they will do so again.". Holifields team then proceeded to engineer and execute on the companys supply chain transformation, adding a network of eighteen Rapid Deployment Centers to supply stores with unprecedented efficiency. Menear has donated to the Home Depot Political Action Committee over the years. 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. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. Menear has donated to the Home Depot Political Action Committee over the years. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year 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. Got a confidential news tip? In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . { There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? 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. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. "During Ted's tenure as CEO and a member of the board, we have witnessed firsthand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair," Greg Brenneman, the board's lead director, said in a news release. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Menear has donated to the Home Depot Political Action Committee over the years. For starters, seasoned associates at the company were less than thrilled to watch him oust long-time, trusted executives and replace them with outsider GE alumni. The Hispanic and Latino community are a huge clientele and work force of Home Depot, affording Home Depot in reaching the pinnacle of a successful corporation. Briefly.co.za recently published an article about Brian Williams' biography. . 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. Details of his birthday and month are yet to be revealed. His films have been among the biggest box office hits of all time. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Richard Mcvey: age, children, first wife, height, career, profile, worth. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Menear was born and raised in Flint, Michigan to his family back in 1958. 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. [1][2] His father worked as a tool and die maker for General Motors. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. People go: Got it. event : evt, Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. To examine the politics of the home improvement sector beyond the issue of politically-polarized founders, Business Insider combed through the FEC records for each company's current leadership team and examined the Center for Responsive Politics' breakdown of each company's in-house PAC for answers. Like other CEOs, Craig has been vocal about his political stand in the US elections. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. 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. Frank Blake has been Home Depot's chairman and CEO . } "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. Stay up to date with what you want to know. 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. "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.". Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. He lives with his wife, and the couple also has two daughters. 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. President Trump's 'opening the country' council features several political donors and supporters . 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 is on the Board of Directors at Retail Industry Leaders . Linked companies : No connection available. 2. 2023 CNBC LLC. 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. 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. 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. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. He has also served as a Chairman for the company since 2015. Craig Menear is chairman, CEO and president of The Home Depot. Menear, 57, has been president of the company's U.S. retail operations since February . on: function(evt, cb) { Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. 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. However, these actions were met with backlash from the public. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Craig Menear in Washington | Photos | Reviews | 18 building permits. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Bernie M. In January 2022, The Home Depot announced that he would step . Decker took over as CEO in . The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Want to connect with other businesses in the Latino community? Through his able leadership, the company has grown significantly. From the policy debates to the political fights, today's . Donald Trump, left, and his partner, developer Phil Ruffin, speak during an opening ceremony for the Trump International Hotel & Tower Las Vegas, April 11, 2008, in Las Vegas, Nevada. World Wrestling Entertainment Vince McMahon, the husband of major Trump donor and fundraiser Linda McMahon, is also listed as a member under the sports group. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. 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? Quickly connect with Craig before . 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. 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. Ron DeSantis, a close ally of the president, declared "employees at a professional sports (league) and media production with a national audience" part of "essential workers" in Florida, allowing McMahon's pro-wrestling company to continue live television broadcasts from its Orlando training facility, while most businesses in Florida had been ordered to shut to help fight the spread of the coronavirus. [1][2], Menear began his career at several retailers. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. Logistics is huge, and if you step back to just twelve years ago, our business has changed pretty dramatically [since then], he explained at a 2018 Michigan leadership summit. 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. Work Biography for Craig Menear. Not the Craig Menear you were looking for? Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. He serves as the chairman and is the former chief executive officer of The Home Depot. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. Craig Menear - Chairman, Chief Executive Officer and President. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. [1] He became executive vice president of merchandising in 2007. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. 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. With over 10 years experience he's covered businesses, CEOs, and investments. Craig Menear. Home Depot is the largest home improvement retailer in the United States. Top editors give you the stories you want delivered right to your inbox each weekday. 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). The company's statement didn't give a reason for Menear's retirement. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. [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. "It's an example of how writing big checks to the president and a super PAC means that your voice is heard louder than many others, Fischer said. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. 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. "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. Decker took over as CEO in March, when Menear stepped down from that role. Updated April 6, 2015 6:34 pm ET. Others Named Craig Menear. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. "Our founders have not been with The Home Depot for nearly 20 years and they don't speak on behalf of the company," a Home Depot spokesperson told Business Insider. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Aug. 17, 2021. The Home Depot on Thursday named a veteran executive as its new CEO. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". "As a 22-year associate of The Home Depot, Ted . Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. The foundation has nearly doubled its political giving since 2018. Both public and private colleges are competing for a limited number of students. Data is a real-time snapshot *Data is delayed at least 15 minutes. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Check your inbox to be the first to know the hottest news. But is Home Depot really a conservative company? 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. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. 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. 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. His skills can be looked up to and learned from. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. [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. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Menear began working at Home Depot in 1997. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. [8], Menear is a donor to his alma mater, Michigan State University. 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. In total, ABC News identified at least 25 individuals appointed to the advisory council who have made substantial donations to his political campaigns or to outside groups supporting his presidency, raising concerns among prominent ethics watchdogs. Ethics experts say it is certainly not the first time political donors have netted advisory posts. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. All Rights Reserved. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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%. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. While glancing at his 13 years company's stock transaction . Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. 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. Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. 38/$15,620. 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. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. This net worth approximation does not reflect any other investments that Mr. Menear may own. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. 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. 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. Garrett by trade is a personal finance freelance writer and journalist. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Home Depot feels its downstream network consists of four relatively unconnected and independent components, which are store-based delivery, online delivery from direct fulfillment centers (DFC) and vendors, appliance delivery, and Interline brands delivery, explains Forbes. Sites and apps where to download Afrikaans movies, Top facts: The biggest dams in South Africa, Video of Zamani Mbatha apologising to Snikiwe Mhlongo after cheating scandal goes viral on social media, Who is Kim Fields's dad Erv Hurd? Mr Menear, getting involved in political statements. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. 2. 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. While Lowe's lacks a set of high-profile, long-retired Republican mega-donor founders to match those at Home Depot, differences between the two companies' political contribution strategies are thinner that a skim coating of paint. Author: Lois Furry. His father worked as a tool and die maker at General Motors. Atlanta, GA, US View. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. 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. Get this delivered to your inbox, and more info about our products and services. 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. 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. When I joined the company, we were still decentralized, 75% of our goods went direct from the manufacturer to each individual store, and as the business evolved, that supply chain just didnt work anymore; it was really inefficient.. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. His father was a tool and die maker at Flint General Motors. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. 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. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. 6. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. 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.. Access your favorite topics in a personalized feed while you're on the go. That makes a difference, believes Frank Blake. 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. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. Like other CEOs, Craig has been vocal about his political stand in the US elections. He is one of the legendary news anchors in America today. Follow Craig Menear on LinkedIn to get to know them better. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. 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 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . They have also lived in Monrovia, CA and Kingston, TN. Retail, among the industries hit hardest by the pandemic, received significant representation. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. 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. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Craig Menear Political Contributions in 2020. The company is involved in renovating or making additions to houses. Teddy W Solomon says: April 4, 2021 at 5:19 pm. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia.

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