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. A Division of NBCUniversal. 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. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . How it started and how to protect yourself: Tracking the spread in the US and Worldwide. 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. Political Action Committee, according to FEC data. 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. Want to connect with other businesses in the Latino community? 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. 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. 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. Decker took over as CEO in . 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Despite being the older company, the original movers-and-shakers of Lowe's never achieved the same high-profile or politicized status in the business world as their orange-aproned counterparts. ADVERTISEMENT. Craig Menear Wiki - Age, Wife, Family, & More. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. 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. Both public and private colleges are competing for a limited number of students. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Menear has donated to the Home Depot Political Action Committee over the years. 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. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Public asset : 66,160,504 USD. "I have tremendous confidence that he will guide our company to new heights.". He has made the occasional one-off donation to other, largely Republican, candidates and campaigns, including now-Sen. Mitt Romney's presidential run, Jeb Bush, and David Perdue. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. 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. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . The company is involved in renovating or making additions to houses. Political Campaign Contributions. From 2015 to 2019, CVS Health gave over $31 million to political non-profits, Intel gave $18 million, Anthem Blue Cross Blue Shield health insurance $16 million, Dow $16 million, AT&T $9 million, and Microsoft $6 million. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Long before he got named The Home Depot CEO, Craig Menear was born in 1958 and raised among the bustling automobile manufacturing factories of Flint Michigan, a blue-collar town that once boasted some nine General Motors (GM) plants. 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. His films have been among the biggest box office hits of all time. His first job was at Montgomery Ward, a department store chain. The company currently has around 2200 stores and 400,000 associates. They outrank your supervisor. Reply. Thats right. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Decker took over as CEO in March, when Menear stepped down from that role. 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. In their personal contributions, Home Depot executives have favored many of the same conservative politicians as Menear, although a number of figures from the company's leadership team have supported liberal politicians like Hillary Clinton. He has also served as a Chairman for the company since 2015. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. They have also lived in Monrovia, CA and Kingston, TN. A Division of NBCUniversal. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. "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. Hell do an outstanding job leading our company in the years ahead.. Decker, who has . ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. 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 . He will be replacing Craig Menear, who has been . Mr. Menear owns over 68,468 units of Home Depot stock worth over $71,783,125 and over the last 16 years he sold HD stock worth over $14,995,979. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Home Depot is the largest home improvement retailer in the United States. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. 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. Menear was born c.1958 in Flint, Michigan. Many Wall Street analysts attempted to make sense of the dramatic sales spike and what it could mean for future investors, here is a take from CNBCs Squawk Box covering the home improvement giants quarterly results: About 45% of Home Depots total sales come from Pro customers, and according to CNBC, as the pandemic winds down, they are seeing pent-up demand for professional projects as people feel comfortable inviting contractors back into their homes. 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 . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Has Worked For More Than Just The Home Depot. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Craig Menear (born c. 1958) is an American business executive. That makes a difference, believes Frank Blake. 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. He lives with his wife, and the couple also has two daughters. 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? 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? Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Recruited from General Electric, Robert Nardelli was CEO of The Home Depot between 2000 and 2007, his tenure at the home improvement giant has since been scrutinized by analysts as far-reaching as the Wharton School of Finance, where one published study argueshe brought the wrong toolbox to the job. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. 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. Still, amidst troubled financial waters, Blake chose to make investments in his operations by continuing to modernize their supply chain, rethinking the role technology could play in their retail strategy, and most importantly, emphasizing the tremendous impact that each hired hand in each store has on Home Depots success. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. Got a confidential news tip? Craig Menear has created a big name for himself in the business of home improvement. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. 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. Both have vocalized consistent support for US President Donald Trump. People go: Got it. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. 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. Garrett by trade is a personal finance freelance writer and journalist. While glancing at his 13 years company's stock transaction . Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. 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. Mr . [1][2] His father worked as a tool and die maker for General Motors. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Family Life. However, as of 2021, he is 63 years old. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . And some council members such as Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Facebook CEO Mark Zuckerberg have at times been vocal in their opposition to the president and his agenda. 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Marcus and Langone have spent millions supporting Republican and conservative causes over the years. There's a video about it on MyApron and probably on loop in your break room too. Visit lattitude.net now! Brian is currently a news anchor of The 11th Hour with Brian Williams. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Craig was named CEO and president in November 2014 and chairman in February 2015. 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 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. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. 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. President Trump's 'opening the country' council features several political donors and supporters . 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. This article about an American businessperson born in the 1950s is a stub. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Updated April 6, 2015 6:34 pm ET. 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. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 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. "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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Sign up for free newsletters and get more CNBC delivered to your inbox. Frank Blake has been Home Depot's chairman and CEO . Text. During his childhood, he had a lawn care business with which he bought his first car. 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. Like other CEOs, Craig has been vocal about his political stand in the US elections. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. 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. Others Named Craig Menear. Earlier this month, a memo from the office of Florida Gov. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. 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. [2][4][5], Menear joined Home Depot in 1997. Prior to that, Menear had been the company's chief executive since 2014. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. All Rights Reserved. If somebody had said, Okay, Frank, here blank sheet of paper. Retail, among the industries hit hardest by the pandemic, received significant representation. The question is not merely academic, as decisions made about the economic future of the country could reflect the interests of those appointed to the council. That makes up around 9% of the PAC's current cycle to-date disbursements. Author: Lois Furry. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. He serves as the chairman and is the former chief executive officer of The Home Depot. He attended Flint Central High School. Like other CEOs, Craig has been vocal about his political stand in the US elections. Craig Menear is the Chairman of the Board. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Together, they worked on several home improvement projects. 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. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. 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. His skills can be looked up to and learned from. Craig Menear (born c. 1958) is an American business executive. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. [6] He was given $11.5 million in 2016. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. 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. Find contact details for 700 million professionals. 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. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Both men are company veterans. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. 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. 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. By DEE-ANN DURBIN January 27, 2022. Craig Menear works as a Board Member Craig graduated from Michigan State University's Eli Broad College of Business and They used to work at Camp Southern Ground and have used the following emails: , @homedepot.com. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. 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 . And is Lowe's its liberal counterpart? 6. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. 2. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. Craig Menear is an inspiration to all the upcoming businesspersons. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. (function() { A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. In 2016, he received $11.5 million. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Learn how your comment data is processed. Executing a move that initially left some scratching their heads, the board appointed Frank Blake CEO after Nardellis departure, he had come from GE as well, and many feared a catastrophic repeat of the past seven years. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. . Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. 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.. Since then, he has become a regular donor to his alma mater throughout the years. Not the Craig Menear you were looking for? Account will be deleted and I will shop at Lowes! A Home Depot store is seen in Washington, DC, on August 18, 2020. 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. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. For some retailers, fewer in-person . 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. 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. Many people are familiar with him because of his decade-long stint in the media industry. "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.". Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Under his leadership, the company continues to give quality services in supplying tools, construction products. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Fla., Dec. 7, 2019. We just went back to some foundational statements from [founders] Bernie Marcus and Arthur Blank in terms of our company values and what we stand for. You can find out more information about Menear and the work he has put into The Home Depot online. 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.. 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. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. "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 . Craig Menear politics. 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. But scattered among them are several of Trumps friends, supporters, and political donors. After graduating from MSU, Menear began his career at the modest, now-defunct retailer, Montgomery Ward; which was a pioneering mail order and department store retailer that operated between 1872 and 2001. Menear said 98 words. We want to hear from you. 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. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. 2. All Rights Reserved. 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.
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