The list features prominent leaders from a range of major industries, from real estate to finance to sports. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. He lives with his wife, and the couple also has two daughters. (function() { Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC 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. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Family Life. Monday, January 31, 2022 6:11 AM UTC. However, as of 2021, he is 63 years old. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Menear was born in Flint, Michigan, USA, in the year 1958. Frank Blake has been Home Depot's chairman and CEO . Steve Ballmer: age, children, wife, house, yacht, profiles, net worth in billions, Get the news that matters from one of the leading news sites in South Africa, Mlungu woman nails pantsula dance moves with Converse All Stars in the township, Creative lady transforms shack into beautiful home, shows off incredible style, 6-year-old girl fighting for her life following pit bull attack, doctors say she got 1000 stitches, SA woman with "shwapa" performs Bhebha dance challenge, people praise confident woman in TikTok video, Details into the life of Samantha Speno, Randy Orton's ex-wife. 2. Retail, among the industries hit hardest by the pandemic, received significant representation. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Sign up for free newsletters and get more CNBC delivered to your inbox. He is on the Board of Directors at Retail Industry Leaders . Decker took over as CEO in March, when Menear stepped down from that role. Under his leadership, the company continues to give quality services in supplying tools, construction products. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . I remember that. If you enjoyed this story on the life of Home Depot CEO Craig Menear, be sure to check out our biography of Lowes CEO Marvin Ellison! 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. 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. One of the biggest challenges looking ahead manifested in the form of consumer habits shifting, as online sales grew to 4% with no signs of slowing, leadership needed to ponder how best to sell items from barbecue grills and patio sets to actual bricks and mortar over the Internet. 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. 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. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. [8], Menear is a donor to his alma mater, Michigan State University. This article about an American businessperson born in the 1950s is a stub. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates, according to the Center for Open Politics. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. The idea is to further unlock the interconnected retail vision the company began building many years ago. 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. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . The pair has given $470,300 this year, with 99% of that money going to Republican candidates. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Work Biography for Craig Menear. Craig Menear (born c.1958) is an American business executive. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. Turn on desktop notifications for breaking stories about interest? In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. But, what does the CEO of home depot make? In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. 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. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. A Division of NBCUniversal. During his childhood, he had a lawn care business with which he bought his first car. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. 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. Teddy W Solomon says: April 4, 2021 at 5:19 pm. For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. He serves as the chairman and is the former chief executive officer of The Home Depot. 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. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. listeners: [], ET and ABC News Live at 4 p.m. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. While glancing at his 13 years company's stock transaction . 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. He lives with his wife, and the couple also has two daughters. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. 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 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. 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. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. 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. Home Depot Inc. said Craig Menear, who took over as chief executive in November, received total compensation last year that was valued at $10.2 million. This site uses Akismet to reduce spam. Craig Menear in Washington | Photos | Reviews | 18 building permits. 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. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Many people are familiar with him because of his decade-long stint in the media industry. 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 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. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Craig Menear and two executive VPs explain that you can use these hours as you see fit, whether now, or later (summertime beach season for me), or not at all & get paid out for them at the end of the year. Together, they worked on several home improvement projects. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. 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. [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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Reply. "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. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. Select this result to view Craig Albert Menear's phone number, address, and more. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. 2016 Election Cycle. Retail PACs have given a total amount of $5,169,932 to candidates so far this year, with 43% of that money going to Democratic candidates, and 57% going to Republican contenders. 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 announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company's statement didn't give a reason for Menear's retirement. 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.. Home Depot on Thursday also announced a new $15 billion share-buyback program. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. His films have been among the biggest box office hits of all time. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. By clicking Sign up, you agree to receive marketing emails from Insider Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. 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. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . 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. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Data is a real-time snapshot *Data is delayed at least 15 minutes. Craig Menear Chairman and Chief Executive Officer. "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. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Mr . Enjoy our content? 5. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. From the policy debates to the political fights, today's . 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. Menear has donated to the Home Depot Political Action Committee over the years. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Sign up for notifications from Insider! 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. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. He serves as the chairman and is the former chief executive officer of The Home Depot. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Follow Craig Menear on LinkedIn to get to know them better. window.mc4wp.listeners.push( His father was a tool and die maker at Flint General Motors. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. 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. His father worked as a tool and die maker at General Motors. You have to stay focused on the customers needs and when you lose that focus, bad things happen. "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. 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.. To a Spreadsheet or Other File Type. 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. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. Hed get a front-row seat to one of the greatest supply chain overhauls since Amazon began threatening the entire brick and mortar retail business community with speedy home delivery of goods spanning nearly every product category. callback: cb [1][2], Menear began his career at several retailers. They have also lived in Monrovia, CA and Kingston, TN. The company currently has around 2200 stores and 400,000 associates. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Biography of Craig Menear. President Trump's 'opening the country' council features several political donors and supporters . 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. Political Action Committee, the . He is one of the legendary news anchors in America today. 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. 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. For Langone, recent beneficiaries include official Republican Party offices across the United States, as well as big-name Republican members of Congress like Kevin McCarthy and Tom Cotton. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. 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. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. 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. Read more about the author Craig Menear at L'ATTITUDE. "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . 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. 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. Photo by Patrick James Miller for Fortune The breach was, unquestionably . He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Bernie M. 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. Account will be deleted and I will shop at Lowes! Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 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. Marcus in particular has once again made headlines by vowing to support. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. 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 . And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. Through his able leadership, the company has grown significantly. 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. Has Been Known As The Darling Of Wall Street, 7. { 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. Craig Menear. The American businessman has kept much of his personal life out of the spotlight. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. He previously served as chief merchant and executive vice president of merchandising. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. 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. 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? 2. Home Depot is the largest home improvement retailer in the United States. He has been ranked 29th in the top 1000 CEOs of private and public companies. But how did he come to run the company in the first place? However, these actions were met with backlash from the public. 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? 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. [1][2] His father worked as a tool and die maker for General Motors. And is Lowe's its liberal counterpart? Over the past year, Home Depot has consistently been hammered online over the conservative political stances of two of its founders: Bernie Marcus and Ken Langone. [1] He became executive vice president of merchandising in 2007. Join the Brooksy Society by subscribing to our Monthly Newsletter! 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. Got a confidential news tip? What are the admission requirements to study medicine at UCT 2022? 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 got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. window.mc4wp = window.mc4wp || { You are already subscribed to our newsletter! 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).
craig menear politics