Both men are company veterans. About the time off coming up : r/HomeDepot Home Depot names Craig Menear new CEO starting Nov. 1 Have you ever looked at a company or brand and wondered who runs the show? Palmer has also been one of Trumps most generous political donors, hosting multiple Trump fundraisers at his luxurious Los Angeles home and giving more than $10 million to the president's various fundraising vehicles, including Trumps presidential campaign, multiple Trump-aligned super PACs, and a legal defense fund set up to help pay legal bills for Trump allies caught up in Special Counsel Robert Mueller's investigation of Russian interference in the 2016 election. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. To a Spreadsheet or Other File Type. Select this result to view Craig Albert Menear's phone number, address, and more. His films have been among the biggest box office hits of all time. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Success Story of Craig Menear - Career, Life, Spouse & The Home Depot Read more here! In 2007, he gained the title of Vice President of Merchandising for the company, which led to his becoming CEO in the fall of 2014. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. [8], Menear is a donor to his alma mater, Michigan State University. Like other CEOs, Craig has been vocal about his political stand in the US elections. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. 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. 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. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Of course, eager investors rewarded the stock by skyrocketing its value throughout the nationwide lockdown period to the tune of a record high of $339 per share in May 2021. Boycott Home Depot (Co-founder supports Trump) | MoveOn Home Depot Names Ted Decker as CEO - WSJ Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. He serves as the chairman and is the former chief executive officer of The Home Depot. 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. 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. 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. 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. 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 . When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Corporations have also been active political spenders at the state level. 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. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. "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. He is on the Board of Directors at Retail Industry Leaders . Menear has donated to the Home Depot Political Action Committee over the years. [2][4][5], Menear joined Home Depot in 1997. Craig Menear - Chairman, Chief Executive Officer and President. 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. Stay up to date with what you want to know. He previously served as chief merchant and executive vice president of merchandising. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Ethics experts say it is certainly not the first time political donors have netted advisory posts. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. callback: cb Decker took over as CEO in March, when Menear stepped down from that role. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Both public and private colleges are competing for a limited number of students. 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. Craig Menear politics. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Craig Menear is the Chairman of the Board. 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. 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? Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Inside the career of Home Depot CEO Craig Menear, who has worked at the Craig Menear is chairman, CEO and president of The Home Depot. "I have tremendous confidence that he will guide our company to new heights.". Age : 63. And is Lowe's its liberal counterpart? But a modicum of political change may be at hand for both retailers in the coming election cycle. . Decker took over as CEO in March, when Menear stepped down from that role. Marcus in particular has once again made headlines by vowing to support. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. 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. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. "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. Shares of the company were effectively flat after hours. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. })(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. His first post-grad job was at Montgomery Ward, a department store chain. } 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. "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. The idea is to further unlock the interconnected retail vision the company began building many years ago. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. Craig Menear - Forbes Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan [1] He became executive vice president of merchandising in 2007. POLITICAL ACTION COMMITTEE: Through his able leadership, the company has grown significantly. Like other CEOs, Craig has been vocal about his political stand in the US elections. After completing his university studies, the American businessman got into work at several retailers. 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. 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. Lets get started. [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. Public asset : 66,160,504 USD. Alma Mater. 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. The Home Depot - Wikipedia Craig Menear - $15,620 in Political Contributions for 2020 - CampaignMoney The company also expanded its distribution network, with the goal of offering same-day and next-day delivery to 90% of the U.S. population. Craig A Menear - Add Relationship - LittleSis Home Depot names company veteran Ted Decker as CEO - CNBC 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! Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. 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. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Give Me an H: Chairman and CEO Craig Menear's Passion for Retail Starts The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. 2023 CNBC LLC. 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 . Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. He lives with his wife, and the couple also has two daughters. Menear has donated to the Home Depot Political Action Committee over the years. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . 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%. 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. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . 2016 Election Cycle. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Bernie M. 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). All Rights Reserved. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Menear was born c.1958 in Flint, Michigan. A Home Depot store is seen in Washington, DC, on August 18, 2020. event : evt, Author: Lois Furry. Craig Menear - L'ATTITUDE [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. But how did he come to run the company in the first place? In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. 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. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. 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. 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. 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. Craig A Menear, Home Depot Inc: Profile and Biography Sign up for free newsletters and get more CNBC delivered to your inbox. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. HOME DEPOT INC Executive Salaries & Other Compensation - Salary.com 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. But is Home Depot really a conservative company? He serves as the chairman and is the former chief executive officer of The Home Depot. 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. Menear has been into entrepreneurship from an early age. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Monday, January 31, 2022 6:11 AM UTC. His skills can be looked up to and learned from. The American entrepreneur cannot be contacted directly via his personal details. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. You could say that Menear has had a love for home improvement instilled in his blood from a young age. 2023 CNBC LLC. Craig Menear. 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.. 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. Read more about the author Craig Menear at L'ATTITUDE. . Not the Craig Menear you were looking for? 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. forms: { Craig Menear - Address & Phone Number | Whitepages By DEE-ANN DURBIN January 27, 2022. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. Both have vocalized consistent support for US President Donald Trump. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. This article about an American businessperson born in the 1950s is a stub. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Prior to that, Menear had been the company's chief executive since 2014. Linked companies : No connection available. Everything to know about him, De Lille reveals ANC ministers and deputies live in lavish Pretoria and Cape Town houses worth R1bn, SA awed, Mpho Wabadimo and Thema Broly allegedly split after 'BBMzansi' winner posts cryptic pictures on Instagram, Twitter men defend Zamani Mbatha amid cheating scandal after girlfriend Snikiwe Mhlongo exposed him: "Protect Zamani", Brian Williams bio: age, daughter, wife, education, career, salary, net worth. 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. Learn More about Craig A. Menear's net worth. 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. However, he could be reached through his work contacts. They have also lived in Monrovia, CA and Kingston, TN. window.mc4wp.listeners.push( Account will be deleted and I will shop at Lowes! 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. Home Depot CEO Craig Menear's Life and Career - Business Insider Ruffin has given nearly $1 million to Trump Victory, the president's joint fundraising committee with the Republican National Committee, and another $1 million to Trump's inaugural committee. He serves as the chairman and is the former chief executive officer of The Home Depot. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Join the Brooksy Society by subscribing to our Monthly Newsletter! Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. 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. ET and ABC News Live at 4 p.m. Craig Menear's email & phone | 's Board Member contact info - Datanyze 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. He became president and COO in October 2020. 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. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Craig may not officially change The Home Depot's signature orange color, but his allegiance to the green and white is as strong as ever. listeners: [], 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. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. Frank Blake has been Home Depot's chairman and CEO . 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. 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. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. [3], Menear was educated at the Flint Central High School, graduating in 1975. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC from 1999 to present. He lives with his wife, and the couple also has two daughters. In 2016, he received $11.5 million. Mr . 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. 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. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. 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. 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 . Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Details of his birthday and month are yet to be revealed. 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. 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. Work Biography for Craig Menear. But the recurring partisan controversy fails to capture the fact that both home improvement companies skew conservative when it comes to political giving a tendency they share with many major 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. The company is involved in renovating or making additions to houses. We want to hear from you. Home Depot Punished Worker for Black Lives Matter Logo, Labor Board Craig Menear: Home Depot Up until about 2013, Home Depot was an excellent place to drive over and grab what you needed for your special project. 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.. You can help Wikipedia by expanding it. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. There's a video about it on MyApron and probably on loop in your break room too. People go: Got it. Photo by Patrick James Miller for Fortune The breach was, unquestionably . In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans.