[4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Here's a look into Menear's life and career: Source: San Diego Tribune, USA Today, Forbes, Source: Federal Election Committee, CNBC, The Center for Responsive Politics. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. Home Depot Co-Founder Endorses Donald Trump | Snopes.com [6] He was given $11.5 million in 2016. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. We want to hear from you. Menear said 98 words. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. Atlanta-based Home Depot is a major political player in Georgia. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Mr . The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. For starters, seasoned associates at the company were less than thrilled to watch him oust long-time, trusted executives and replace them with outsider GE alumni. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Country of residence : Unknown. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Craig Menear Chairman and Chief Executive Officer. 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. Have you ever looked at a company or brand and wondered who runs the show? Dealing a further blow to internal morale, he also increased the number of less knowledgeable part-time workers at Home Depots stores, which left full-time employees fuming and led to a diminishment of customer service, one of the companys strengths, recounted Barry Henderson, an equities expert at T. Rowe Price. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 2. 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In addition to naming Home Depot CEO Craig Menear to its list, the White House also listed Home Depot co-founders Bernie Marcus and Ken Langone.Both of those billionaires no longer work for the home improvement company, but they are major Republican donors. Craig Menear : r/copypasta - reddit Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. Bernie M. Palmer's real estate firm G.H. "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. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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. Craig Menear - L'ATTITUDE 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. 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. Prior to that, Menear had been the company's chief executive since 2014. By clicking Sign up, you agree to receive marketing emails from Insider Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Craig Menear (born c. 1958) is an American business 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. He lives with his wife, and the couple also has two daughters. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. To a Spreadsheet or Other File Type. Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. 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. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Stay up to date with what you want to know. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. 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. At least 25 individuals have made substantial donations in support of Trump. Starting in 2018, the company began spending $1.2 billion to open about 150 supply chain facilities over five years including giant centers geared toward home professionals. As published in the Atlanta Business Chronicle on June 1, 2018In early 2014, three people were in the running to succeed Frank Blake as CEO of The Home Depot Inc. Craig Menear, who eventually . Craig Menear: age, family, salary, home depot, house - Briefly The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. But a modicum of political change may be at hand for both retailers in the coming election cycle. Changing the basis of, Read More 10 Things You Didnt Know about Mohit KumarContinue, What do you know about the Chief Technical Officer and co-founder of online chat platform Omegle, Leif K-Brooks? 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. The idea is to further unlock the interconnected retail vision the company began building many years ago. 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. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. All Rights Reserved. That makes up around 9% of the PAC's current cycle to-date disbursements. 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 Menear. 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! Political Action Committee, the . He has been ranked 29th in the top 1000 CEOs of private and public companies. By DEE-ANN DURBIN January 27, 2022. 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. Alma Mater. Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home ATLANTA, Jan. 27, 2022 - The Home Depot , the world's largest home improvement retailer, today announced that Edward "Ted" Decker has been named CEO and president, and has been elected to the company's board of directors, all effective March 1, 2022.Craig Menear, currently chairman and CEO, will continue to serve as Chair of the Board. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. The councils seemingly crucial healthcare group, for example, is represented mainly by pharmaceutical companies like Pfizer and Johnson & Johnson and insurance companies such as Aetna and Cigna rather than public health professionals. Earlier this month, a memo from the office of Florida Gov. 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. Trump advisers on reopening economy gave half-billion to Republican The foundation has nearly doubled its political giving since 2018. Menear was born and raised in Flint, Michigan to his family back in 1958. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. His first post-grad job was at Montgomery Ward, a department store chain. 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. 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. [3], Menear was educated at the Flint Central High School, graduating in 1975. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. We need to transform Home Depot to allow customers to shop when, where, and how they want to, Menear said in a 2014 interview at the companys Atlanta headquarters. 2023 CNBC LLC. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. 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. 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. [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. 2016 Election Cycle. Read more here! Text. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. His father worked as a tool and die maker at General Motors. Craig Menear in Washington | Photos | Reviews | 18 building permits. Craig Menear's Home Depot: The Darling Of Wall Street - ChiefExecutive.net For some retailers, fewer in-person . 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. 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. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. 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. "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. That makes a difference, believes Frank Blake. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. He lives with his wife, and the couple also has two daughters. Will Record Tuition Deductions Help Private Colleges? However, he could be reached through his work contacts. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 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. Tell Wealthy Corporations to Stop Bankrolling the Republicans Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year Menear was born in Flint, Michigan, USA, in the year 1958. 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. 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. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. [1][2] His father worked as a tool and die maker for General Motors. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. Quickly connect with Craig before . . 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. A Home Depot store is seen in Washington, DC, on August 18, 2020. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. 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. And is Lowe's its liberal counterpart? Age : 63. A Division of NBCUniversal. Details of his birthday and month are yet to be revealed. 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. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. } } By December of 2019, The Home Depot was riding high considering online sales had been increasing about $1 billion in each of the previous six years, ultimately making them the 5th largest e-commerce operation in the United States; 50% of the time, customers were choosing to pick up their orders inside their neighborhood store a testament to the home improvement giants interconnected strategy. Shares of the company were effectively flat after hours. Home Depot names company veteran Ted Decker as CEO - CNBC The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. 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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