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} 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. In January 2022, The Home Depot announced that he would step . The foundation has nearly doubled its political giving since 2018. He lives with his wife, and the couple also has two daughters. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. Join the Brooksy Society by subscribing to our Monthly Newsletter! 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 . Find contact details for 700 million professionals. 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. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. Select this result to view Craig Albert Menear's phone number, address, and more. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. 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 Menear (born c. 1958) is an American business executive. listeners: [], 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. Corporations have also been active political spenders at the state level. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Both have vocalized consistent support for US President Donald Trump. At least 25 individuals have made substantial donations in support of Trump. 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? Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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 . ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. A Home Depot store is seen in Washington, DC, on August 18, 2020. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. 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.. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Ron DeSantis, a close ally of the president, declared "employees at a professional sports (league) and media production with a national audience" part of "essential workers" in Florida, allowing McMahon's pro-wrestling company to continue live television broadcasts from its Orlando training facility, while most businesses in Florida had been ordered to shut to help fight the spread of the coronavirus. Download all contribution records for this person. Under his leadership, the company continues to . [1][2] His father worked as a tool and die maker for General Motors. He has also served as a Chairman for the company since 2015. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. 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.. This site uses Akismet to reduce spam. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Craig Menear (born c. 1958) is an American business executive. Learn how your comment data is processed. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. They have also lived in Monrovia, CA and Kingston, TN. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. 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. 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. Enjoy our content? In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. He became president and COO in October 2020. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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. Got a confidential news tip? Outgoing CEO Craig Menear will continue to serve as chair of the board. He has been ranked 29th in the top 1000 CEOs of private and public companies. 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. 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 is the Chairman of the Board. 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. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 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. The Home Depot has become a household name in house renovations, all under the leadership of Craig. President Trump's 'opening the country' council features several political donors and supporters . 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. 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. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. However, he could be reached through his work contacts. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. 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. Ruffin has given nearly $1 million to Trump Victory, the president's joint fundraising committee with the Republican National Committee, and another $1 million to Trump's inaugural committee. 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. 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. Contribution Totals. 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. 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. Work Biography for Craig Menear. 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. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. } During his childhood, he had a lawn care business with which he bought his first car. 10 Things You Didnt Know about Targa Resources CEO Joe Bob Perkins, The Top Five Fast Food Franchises of 2017, The 10 Highest Grossing Films Directed by Steven Spielberg, 10 Things You Didnt Know about Mohit Kumar, 10 Things You Didnt Know about Leif K-Brooks, How Ali Wong Achieved a Net Worth of $3 Million, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. That makes up around 9% of the PAC's current cycle to-date disbursements. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . This net worth approximation does not reflect any other investments that Mr. Menear may own. He worked his way through, and in 2007 he was named the Vice President of Merchandising. 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. I remember that. "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. Earlier this month, a memo from the office of Florida Gov. From the policy debates to the political fights, today's . According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. 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. To a Spreadsheet or Other File Type. 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. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Excelling academically, Craig Menear finished high school in the spring of 1975 and earned his way into Michigan State Universitys Eli Broad College of Business that next fall semester. Retail PACs have given a total amount of $5,169,932 to candidates so far this year, with 43% of that money going to Democratic candidates, and 57% going to Republican contenders. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Craig Menear - Chairman, Chief Executive Officer and President. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. There's a video about it on MyApron and probably on loop in your break room too. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. 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. The company's statement didn't give a reason for Menear's retirement. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Turn on desktop notifications for breaking stories about interest? Get this delivered to your inbox, and more info about our products and services. event : evt, You could say that Menear has had a love for home improvement instilled in his blood from a young age. Thats right. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. Political Action Committee, the . And is Lowe's its liberal counterpart? He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Menear was born in Flint, Michigan, USA, in the year 1958. A Division of NBCUniversal. 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. 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. You have to stay focused on the customers needs and when you lose that focus, bad things happen. "I have tremendous confidence that he will guide our company to new heights.". 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. Over the past year, Home Depot has consistently been hammered online over the conservative political stances of two of its founders: Bernie Marcus and Ken Langone. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Adelson did not respond to a request for comment. 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. Other prominent Trump donors on the council include Harold Hamm of Continental Resources, Paul Singer of Elliot Management, New England Patriots owner Bob Kraft, and M Crowd Restaurant owner Ray Washburne. Craig Menear. His father worked as a tool and die maker at General Motors. Its worth noting that while board room deliberations ensued regarding Blakes successor, the companys head of U.S. stores, Marvin Ellison and CFO Carol Tome were also potential contenders for the top spot. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. 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. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Briefly.co.za recently published an article about Brian Williams' biography. 2020 Transaction Count/Amount. Home Depot forced a worker to quit after he wore a slogan supporting the Black Lives Matter movement on his apron, and it threatened to punish other employees who tried to bring . As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. . 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. 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! They invested about $11 billion in the improvement of . Shares of the company were effectively flat after hours. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. "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. Has Worked For More Than Just The Home Depot. Craig Menear. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. 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. [7], In January 2022, The Home Depot announced he would be stepping down as the CEO and President effective March 1, 2022 while continuing to serve as the chairman of the board. 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. "President Trumps policies built a booming economy and they will do so again.". } window.mc4wp.listeners.push( By clicking Sign up, you agree to receive marketing emails from Insider Photo by Patrick James Miller for Fortune The breach was, unquestionably . The second best result is Craig Allen Menear age 40s in Valparaiso, IN. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. 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. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. 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. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. What are the admission requirements to study medicine at UCT 2022? Not the Craig Menear you were looking for? Lets get started. 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. 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 Menear in Washington | Photos | Reviews | 18 building permits. Home Depot Inc. Political Campaign Contributions. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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.