Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Stay up to date with what you want to know. Craig Menear email address & phone number | Anheuser-Busch InBev Senior And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. . The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. 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. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times Home Depot Punished Worker for Black Lives Matter Logo, Labor Board The idea is to further unlock the interconnected retail vision the company began building many years ago. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Access your favorite topics in a personalized feed while you're on the go. Menear has donated to the Home Depot Political Action Committee over the years. Sign up for free newsletters and get more CNBC delivered to your inbox. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Fla., Dec. 7, 2019. 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. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. The Home Depot - Wikipedia 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 skills can be looked up to and learned from. 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. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. 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. Ethics experts say it is certainly not the first time political donors have netted advisory posts. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. He has been ranked 29th in the top 1000 CEOs of private and public companies. 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. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 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 Home Depot has become a household name in house renovations, all under the leadership of Craig. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. [1] He became executive vice president of merchandising in 2007. 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. Craig Menear replacing Frank Blake as Home Depot CEO - ajc Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Now, the company will have to prove it can keep those sales going as Americans face rising prices due to inflation and potentially shift their spending toward services such as dining out and traveling. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. 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. You can find out more information about Menear and the work he has put into The Home Depot online. When introducing her boss at Monday's Rotary Club of Atlanta, the Home Depot's Kelly Barrett admitted that she was a little worried when Craig Menear became CEO following Frank Blake in November . But, what does the CEO of home depot make? You could say that Menear has had a love for home improvement instilled in his blood from a young age. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. This article about an American businessperson born in the 1950s is a stub. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. } However, he could be reached through his work contacts. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. 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. Corporations have also been active political spenders at the state level. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. 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. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year 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. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. { In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Among other initiatives, they plan on adding 170 distribution facilities across America to reach 90% of the U.S. population in one day or less, moreover, another goal is to open hubs that will consolidate the freight for dispatch on to final-mile delivery vehicles appliances for Interline MRO, Pro, and do it yourself (DIY) hobbyists delivery from DFCs, vendors, and stores, in about 100 locations. 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. 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. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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. Prior to that, Menear had been the company's chief executive since 2014. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. He became president and COO in October 2020. Atlanta-based Home Depot is a major political player in Georgia. Craig Menear (born c. 1958) is an American business executive. Craig Menear is the Chairman of the Board. [3], Menear was educated at the Flint Central High School, graduating in 1975. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. 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. Read more here! Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . But how did he come to run the company in the first place? The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. "President Trumps policies built a booming economy and they will do so again.". Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Download all contribution records for this person. "It's bizarre to me that there's nobody representing public health," Virginia Canter, chief ethics counsel at Washington-based advocacy group Citizens for Responsibility and Ethics in Washington, told ABC News. POLITICAL ACTION COMMITTEE: Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Hell do an outstanding job leading our company in the years ahead.. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. 24/7 coverage of breaking news and live events. Bernie M. 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? Craig Menear Political Contributions in 2020. Decker began as a director of business valuation and served as executive vice president of merchandising before being named chief operating officer and president in October 2020. Got a confidential news tip? In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. 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. 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. 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 . All Rights Reserved. ADVERTISEMENT. Home Depot names company veteran Ted Decker as CEO - CNBC You have to stay focused on the customers needs and when you lose that focus, bad things happen. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. The show airs every weeknight at 11 pm Eastern Time on MSNBC. That makes a difference, believes Frank Blake. Sign up for notifications from Insider! Details of his birthday and month are yet to be revealed. Craig Menear tries to be on the store floor of a Home Depot almost every week. To a Spreadsheet or Other File Type. Others in the loop would argue the contrary, that executives werent informed enough on the competition, given Lowes stellar rise; the one thing folks seem to universally agree about regarding this period in Home Depots history is its disheartening impact on all involved parties. The company currently has around 2200 stores and 400,000 associates. 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. Top editors give you the stories you want delivered right to your inbox each weekday. 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. Got a confidential news tip? If somebody had said, Okay, Frank, here blank sheet of paper. A Division of NBCUniversal. 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. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. ET and ABC News Live at 4 p.m. HOME DEPOT INC Executive Salaries & Other Compensation - Salary.com ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Briefly.co.za recently published an article about Brian Williams' biography. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. } Craig Menear | ZoomInfo [1][2] His father worked as a tool and die maker for General Motors. 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. Lets get started. Has Worked For More Than Just The Home Depot. Menear has donated to the Home Depot Political Action Committee over the years. . The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. The Home Depot CEO: Craig Menear Biography - Brooksy All Rights Reserved. Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year However, as of 2021, he is 63 years old. President Trump's 'opening the country' council features several political donors and supporters . What are the admission requirements to study medicine at UCT 2022? In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Trump advisers on reopening economy gave half-billion to Republican 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. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". 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 . But is Home Depot really a conservative company? 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.

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