Marcus and Langone have spent millions supporting Republican and conservative causes over the years. You can find out more information about Menear and the work he has put into The Home Depot online. Follow Craig Menear on LinkedIn to get to know them better. Trump advisers on reopening economy gave half-billion to Republican [6] He was given $11.5 million in 2016. As announced by Home Depot Inc. in a news release and in a regulatory filing published on Thursday, January 27, 2022, Craig A. Menear leaves his post as chief executive officer at the world's largest . I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. 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 . He worked his way through, and in 2007 he was named the Vice President of Merchandising. Menear has donated to the Home Depot Political Action Committee over the years. Want to connect with other businesses in the Latino community? The American entrepreneur cannot be contacted directly via his personal details. For one of the co-founders, Bernie Marcus, to support a xenophobic, misogynistic, racist bigot like Donald Trump and stand by his divisive, hateful rhetoric is beyond acceptable and appalling. Craig Menear Wiki - Age, Wife, Family, & More. 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. "As a 22-year associate of The Home Depot, Ted . He is replaced by former executive vice president Ted Decker. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. 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 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. Craig Menear - Wikiwand 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. 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. He is on the Board of Directors at Retail Industry Leaders . Updated April 6, 2015 6:34 pm ET. 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. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. The foundation has nearly doubled its political giving since 2018. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Craig Menear: age, family, salary, home depot, house - Briefly Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Learn how your comment data is processed. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. Home Depot's (HD) CEO Craig Menear Hosts 2018 Annual Shareholder The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Not the Craig Menear you were looking for? 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. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. 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. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. What are the admission requirements to study medicine at UCT 2022? 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. 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. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Both public and private colleges are competing for a limited number of students. By DEE-ANN DURBIN January 27, 2022. People go: Got it. They invested about $11 billion in the improvement of . Palmer's real estate firm G.H. 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. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Access your favorite topics in a personalized feed while you're on the go. Before making his way to The Home Depot, he worked for other independent construction retailers, and other companies (such as Ikea), where he learned the ropes in terms of online sales, marketing, and other business assets. Craig Menear : r/copypasta - reddit 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? "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. All Rights Reserved. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc Through his able leadership, the company has grown significantly. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. . Craig Menear. 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. 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. 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. For some retailers, fewer in-person . 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. Craig Menear Chairman & Chief Executive Officer. The company's statement didn't give a reason for Menear's retirement. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. . Home Depot CEO - Craig Menear (Age 63) - ListOfCEO Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. You can help Wikipedia by expanding it. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. 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 politics. 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. He has been ranked 29th in the top 1000 CEOs of private and public companies. Craig Menear - Chairman, Chief Executive Officer and President. While glancing at his 13 years company's stock transaction . Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. 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 . His skills can be looked up to and learned from. Home Depot Names Ted Decker as CEO - WSJ The Center for Responsive Politics found that in the year 2020, donations in the retail sphere have been more even across the political spectrum than usual. "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. All Rights Reserved. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. 2020 Transaction Count/Amount. Menear said 98 words. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. But, what does the CEO of home depot make? Home Depot Co-Founder Endorses Donald Trump | Snopes.com [2][4][5], Menear joined Home Depot in 1997. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. This net worth approximation does not reflect any other investments that Mr. Menear may own. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Visit lattitude.net now! As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Decker took over as CEO in March, when Menear stepped down from that role. Monday, January 31, 2022 6:11 AM UTC. His films have been among the biggest box office hits of all time. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Craig Menear in Washington | Photos | Reviews | 18 building permits. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Craig Menear has created a big name for himself in the business of home improvement. on: function(evt, cb) { Ethics experts say it is certainly not the first time political donors have netted advisory posts. You could say that Menear has had a love for home improvement instilled in his blood from a young age. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. 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. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Home Depot is the largest home improvement retailer in the United States. If somebody had said, Okay, Frank, here blank sheet of paper. 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. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Inside the career of Home Depot CEO Craig Menear, who has worked at the Home Depot's Craig Menear upbeat about company's future Sign up for notifications from Insider! Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC callback: cb We want to hear from you. 38/$15,620. Craig Menear is chairman, CEO and president of The Home Depot. His father was a tool and die maker at Flint General Motors. 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. That makes a difference, believes Frank Blake. 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. But a modicum of political change may be at hand for both retailers in the coming election cycle. This site uses Akismet to reduce spam. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. 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. 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. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Despite the fact he walked away with a dreamy retirement package worth up to $210 million, his practices left Home Depot in a compromised position, particularly due to the cost cuts that were being made to reach inauthentic quarterly objectives they inadvertently wreaked havoc on the ground floor, in other words, where the customer spends their money. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Menear began working at Home Depot in 1997. Mr Menear, getting involved in political statements. The Home Depot - Wikipedia He then worked at Builders Emporium and was also a distribution manager at IKEA. Craig Menear (born c. 1958) is an American business executive. Home Depot forced a worker to quit after he wore a slogan supporting the Black Lives Matter movement on his apron, and it threatened to punish other employees who tried to bring . The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Menear has been into entrepreneurship from an early age. A Division of NBCUniversal. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 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. Photo by Patrick James Miller for Fortune The breach was, unquestionably . Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. 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. 2023 CNBC LLC. window.mc4wp.listeners.push( 2. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. 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. Both have vocalized consistent support for US President Donald Trump. Have you ever looked at a company or brand and wondered who runs the show? He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Search. 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. These innovations had an immensely positive role on Menears merchandising side of things; think smoother stocking of inventory and more cost-effective operating expenses, which tends to create wiggle room for competitively priced products. "Craig is always careful not to make the success of The Home Depot about him, but to make it about all of the team," said Frank Blake, Menear's predecessor as CEO, serving in the role from . window.mc4wp = window.mc4wp || { Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. Corporations have also been active political spenders at the state level. Like other CEOs, Craig has been vocal about his political stand in the US elections. 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. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. [1][2] His father worked as a tool and die maker for General Motors. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. 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.
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