A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Political Action Committee, according to FEC data. Reply. Craig Menear email address & phone number | Anheuser-Busch InBev Senior . 2023 CNBC LLC. As a result, The Home Depot sought to distance itself from the statement. 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 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 names longtime executive as new CEO | AP News Craig Menear Net Worth (2023) | wallmine 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. You can find out more information about Menear and the work he has put into The Home Depot online. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. Aug. 17, 2021. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. 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. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. 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. Craig A Menear, Home Depot Inc: Profile and Biography His father was a tool and die maker at Flint General Motors. 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. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? event : evt, Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . 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. Home Depot is the largest home improvement retailer in the United States. Craig Menear is chairman, CEO and president of The Home Depot. Both men are company veterans. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. The Home Depot Names Ted Decker CEO, Effective March 1, 2022; Craig 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. 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. 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. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Author: Lois Furry. POLITICAL ACTION COMMITTEE: . The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. The Home Depot CEO: Craig Menear Biography - Brooksy 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. Larry Page: net worth, age, children, wife, house, education, salary, profiles. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Not the Craig Menear you were looking for? All Rights Reserved. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. Craig Menear Wikipedia Republished // WIKI 2 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. 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). 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. They invested about $11 billion in the improvement of . The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). 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 is an inspiration to all the upcoming businesspersons. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Trump advisers on reopening economy gave half-billion to Republican Will Record Tuition Deductions Help Private Colleges? This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Craig Menear - Wikiwand Craig A. Menear: CEO Pay $13,059,751: Median Employee Pay $28,697: CEO Pay Ratio 455:1: Board of Directors in HOME DEPOT INC. For its 2021 fiscal year, HOME DEPOT INC, listed the following board members on its annual proxy statement to the SEC. Between the day Craig Menear was made chief executive in 2014 and December 2017, The Home Depots single share value increased from roughly $92 to $192, at which point, the company revealed a plan to invest north of $11 billion to position itself as One Home Depot.. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. [8], Menear is a donor to his alma mater, Michigan State University. Sign up for free newsletters and get more CNBC delivered to your inbox. . Both have vocalized consistent support for US President Donald Trump. as well as other partner offers and accept our, A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge, Before that, he worked at Montgomery Ward and. 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. Menear has donated to the Home Depot Political Action Committee over the years. The company is involved in renovating or making additions to houses. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. It became apparent this rebuild was reaching for the long-term as the great recession took hold, plunging the companys net income to $756 million in the three months ended Nov. 2, 2008, down 30.7% from $1.1 billion in the same period a year before. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year 5. Menear was born and raised in Flint, Michigan to his family back in 1958. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. 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. 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. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Home Depot Punished Worker for Black Lives Matter Logo, Labor Board Atlanta-based Home Depot is a major political player in Georgia. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Craig Menear - Wikipedia Has Worked For More Than Just The Home Depot. 6. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Corporate Involvement in Politics & Voter Suppression Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Home Depot CEO Craig Menear: People focus makes the difference in Ethics experts say it is certainly not the first time political donors have netted advisory posts. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. 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.. That makes up around 9% of the PAC's current cycle to-date disbursements. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Learn More about Craig A. Menear's net worth. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. "As a long-time Home Depot veteran, Craig lives our . 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. Others Named Craig Menear. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: callback: cb That makes a difference, believes Frank Blake. 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. The Home Depot on Thursday named a veteran executive as its new CEO. "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.". Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Menear has donated to the Home Depot Political Action Committee over the years. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Country of residence : Unknown. We want to hear from you. When I joined the company, we were still decentralized, 75% of our goods went direct from the manufacturer to each individual store, and as the business evolved, that supply chain just didnt work anymore; it was really inefficient.. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. He attended Flint Central High School. He serves as the chairman and is the former chief executive officer of The Home Depot. "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.". 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. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. He has had the role of Chief Executive Officer since 2014. The American entrepreneur cannot be contacted directly via his personal details. Details of his birthday and month are yet to be revealed. 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. 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. Earlier this month, a memo from the office of Florida Gov. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. 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. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Through his able leadership, the company has grown significantly. [3], Menear was educated at the Flint Central High School, graduating in 1975. 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. "President Trumps policies built a booming economy and they will do so again.". By clicking Sign up, you agree to receive marketing emails from Insider "It's not entirely clear what the parameters were for deciding who is included or not included, but there do seem to be a significant number of Trump donors on this list," Brendan Fischer, a federal reforms director at watchdog group Campaign Legal Center, told ABC News. 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. He is on the Board of Directors at Retail Industry Leaders . Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. 2. 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. Home Depot on Thursday also announced a new $15 billion share-buyback program. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Home Depot Inc. Account will be deleted and I will shop at Lowes! 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. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. (function() { Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home 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. Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls I remember that. So far in 2020, Lowe's' PAC has given a total of $540,500 to politicians, with a breakdown of 30% in contributions to Democratic candidates and 70% in giving to Republican contenders. 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. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc Data is a real-time snapshot *Data is delayed at least 15 minutes. What are the admission requirements to study medicine at UCT 2022? Quickly connect with Craig before . 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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: . A Home Depot store is seen in Washington, DC, on August 18, 2020. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. He has been ranked 29th in the top 1000 CEOs of private and public companies. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. Decker, who has . From the policy debates to the political fights, today's . 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. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. 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. 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. 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! ); In 2016, he received $11.5 million. Craig Menear (born c. 1958) is an American business executive. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. listeners: [], As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Mr Menear, getting involved in political statements. Public asset : 66,160,504 USD. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. { Craig was named CEO and president in November 2014 and chairman in February 2015. Menear has donated to the Home Depot Political Action Committee over the years. 2. But how did he come to run the company in the first place? forms: { Alma Mater. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Learn more about the background of Craig Menear, the highly respected CEO of The Home Depot and his perspective on leadership and the future of business in a. 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. Top editors give you the stories you want delivered right to your inbox each weekday. 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. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Menear began working at Home Depot in 1997. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. We want to hear from you. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. "As a 22-year associate of The Home Depot, Ted . 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. 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. Craig Menear is chairman and CEO of The Home Depot, the world's largest home improvement retailer with more than 2,200 stores and 400,000 associates. In January 2022, The Home Depot announced that he would step . Want to connect with other businesses in the Latino community? 2016 Election Cycle. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Get this delivered to your inbox, and more info about our products and services. 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. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. You could say that Menear has had a love for home improvement instilled in his blood from a young age. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. He lives with his wife, and the couple also has two daughters. 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 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. Many people are familiar with him because of his decade-long stint in the media industry. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. 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. 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. However, these actions were met with backlash from the public. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. But is Home Depot really a conservative company? 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. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Home Depot names company veteran Ted Decker as CEO - CNBC Craig Menear - Address & Phone Number | Whitepages 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. } After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. You are already subscribed to our newsletter! He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Got a confidential news tip? Inside the career of Home Depot CEO Craig Menear - Business Insider 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. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. Mr . READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. on: function(evt, cb) { Craig Menear Net Worth (2023) | wallmine 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. Enjoy our content? The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 2023 CNBC LLC. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. . Craig Menear (born c.1958) is an American business executive. 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.