He worked his way through, and in 2007 he was named the Vice President of Merchandising. Reply. 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. . Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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.. 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 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Fostering his own entrepreneurial spirit, as a kid, he set up a neighborhood lawn care business that triumphantly led to him purchasing his first car with personal savings. "As a long-time Home Depot veteran, Craig lives our . 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. 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. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. ET and ABC News Live at 4 p.m. 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. CEO Craig Menear is also a major Republican donor. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Updated April 6, 2015 6:34 pm ET. 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. His first post-grad job was at Montgomery Ward, a department store chain. Menear has donated to the Home Depot Political Action Committee over the years. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . Craig Menear - Chairman, Chief Executive Officer and President. 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 . Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. "I have tremendous confidence that he will guide our company to new heights.". 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. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . He has also served as a Chairman for the company since 2015. Menear was born and raised in Flint, Michigan to his family back in 1958. Together, they worked on several home improvement projects. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Outgoing CEO Craig Menear will continue to serve as chair of the board. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. 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. 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. 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. His father worked as a tool and die maker at General Motors. 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. The American entrepreneur cannot be contacted directly via his personal details. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Join the Brooksy Society by subscribing to our Monthly Newsletter! Like other CEOs, Craig has been vocal about his political stand in the US elections. Turn on desktop notifications for breaking stories about interest? Under his leadership, the company continues to . Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. 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. Author: Lois Furry. 5. Political Campaign Contributions. event : evt, In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Enjoy our content? Decker took over as CEO in March, when Menear stepped down from that role. })(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. 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. 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. 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. With this being said, his executive staff has dedicated a lot of time, energy, and effort to making sure they are clearly communicating their approach, strategy, and how each team member has a profound impact on achieving The Home Depots outlined goals. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. But the recurring partisan controversy fails to capture the fact that both home improvement companies skew conservative when it comes to political giving a tendency they share with many major retailers. You have to stay focused on the customers needs and when you lose that focus, bad things happen. Prior to that, Menear had been the company's chief executive since 2014. After completing his university studies, the American businessman got into work at several retailers. Menear was born c.1958 in Flint, Michigan. Both men are company veterans. Menear was born in Flint, Michigan, USA, in the year 1958. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. 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 . Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Political Action Committee, the . 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. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. He is one of the legendary news anchors in America today. 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. We will stand up and speak up, hitting Home . Craig Menear has created a big name for himself in the business of home improvement. 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 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. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Menear, 57, has been president of the company's U.S. retail operations since February . . 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. 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. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 Democrats received 30% of an overall contribution of $1,977,250. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. He previously served as chief merchant and executive vice president of merchandising. from 1999 to present. Richard Mcvey: age, children, first wife, height, career, profile, worth. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. I remember that. 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. Craig Menear (born c. 1958) is an American business executive. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. 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. This site uses Akismet to reduce spam. } Craig Menear. Everything to know about him, De Lille reveals ANC ministers and deputies live in lavish Pretoria and Cape Town houses worth R1bn, SA awed, Mpho Wabadimo and Thema Broly allegedly split after 'BBMzansi' winner posts cryptic pictures on Instagram, Twitter men defend Zamani Mbatha amid cheating scandal after girlfriend Snikiwe Mhlongo exposed him: "Protect Zamani", Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. But how did he come to run the company in the first place? Craig Menear. Home Depot is the largest home improvement retailer in the United States. 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. 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? 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. The Home Depot on Thursday named a veteran executive as its new CEO. 6. [2][4][5], Menear joined Home Depot in 1997. Have you ever looked at a company or brand and wondered who runs the show? The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. All Rights Reserved. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . The company is involved in renovating or making additions to houses. 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. Following his brief stint with the fledgling clothing store, Ellison got named CEO of Lowes, an international home improvement retailer that is largely considered his previous employers most fervent competitor. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. 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. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Retail, among the industries hit hardest by the pandemic, received significant representation. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. 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. Palmer's real estate firm G.H. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. 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. Craig was named CEO and president in November 2014 and chairman in February 2015. Public asset : 66,160,504 USD. Craig Menear Wiki - Age, Wife, Family, & More. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. From the policy debates to the political fights, today's . Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. The American businessman has kept much of his personal life out of the spotlight. 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. 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. Like other CEOs, Craig has been vocal about his political stand in the US elections. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. We want to hear from you. 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? Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. This net worth approximation does not reflect any other investments that Mr. Menear may own. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. 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. Brian is currently a news anchor of The 11th Hour with Brian Williams. They invested about $11 billion in the improvement of . You are already subscribed to our newsletter! Home Depots stock value dropped 8% by the time Nardelli was exiled by the companys board in 2007, for comparison, during that time, Lowes shares soared some 180%. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. "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 has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Visit lattitude.net now! For more information on making a gift to the Broad College of Business, contact Senior Director of Development Vivian Leung at leungv@msu.edu or call (517) 355-8504. [6] He was given $11.5 million in 2016. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. The Home Depot has become a household name in house renovations, all under the leadership of Craig. If somebody had said, Okay, Frank, here blank sheet of paper. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 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. Craig Menear (born c.1958) is an American business executive. 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 Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. 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. Want to connect with other businesses in the Latino community? You can find out more information about Menear and the work he has put into The Home Depot online. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. "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. However, as of 2021, he is 63 years old. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. In 2021, the company had 490,600 employees and more than $151 billion in revenue. He has been ranked 29th in the top 1000 CEOs of private and public companies. Sign up for free newsletters and get more CNBC delivered to your inbox. 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! Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 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. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. While glancing at his 13 years company's stock transaction . In November 2014, he became the SEO of the company and has served as its chairman since February 2015. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. 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. . 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. 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. Follow Craig Menear on LinkedIn to get to know them better. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. [8], Menear is a donor to his alma mater, Michigan State University. Home Depot on Thursday also announced a new $15 billion share-buyback program. He is on the Board of Directors at Retail Industry Leaders . On 1 June 2016, Home Depot co-founder Bernie Marcus published an essay on the web site Real Clear Politics in which he announced that he was endorsing GOP candidate Donald Trump for President of . 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. 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.
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