Craig brings decades of retail experience from mass, home center, specialty and big box retailing to his role during a time when the retail landscape is rapidly changing. Decker took over as CEO in March, when Menear stepped down from that role. But a modicum of political change may be at hand for both retailers in the coming election cycle. You are already subscribed to our newsletter! 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. For some retailers, fewer in-person . Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home 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 replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Craig Menear Net Worth (2023) | wallmine World Wrestling Entertainment Vince McMahon, the husband of major Trump donor and fundraiser Linda McMahon, is also listed as a member under the sports group. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. 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Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. The show airs every weeknight at 11 pm Eastern Time on MSNBC. on: function(evt, cb) { He attended Flint Central High School. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. 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. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. "His ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The Home Depot," Menear said in a news release. Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney 2. 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. His father was a tool and die maker at Flint General Motors. Craig Menear - Wikipedia 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. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. 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. "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. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Decker took over as CEO in March, when Menear stepped down from that role. 2023 CNBC LLC. 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. 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 . Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? 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. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. 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. 6. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. Menear has donated to the Home Depot Political Action Committee over the years. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Brian is currently a news anchor of The 11th Hour with Brian Williams. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. And is Lowe's its liberal counterpart? Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. ); Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. That relentless work ethic the future executive displayed must have had something to do with the rugged midwestern upbringing he experienced, after all, his father frequently battered him with the mantra, if youre going to do something, do it 110%, or dont do it at all.. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. He worked his way through, and in 2007 he was named the Vice President of Merchandising. He is on the Board of Directors at Retail Industry Leaders . Craig Menear replacing Frank Blake as Home Depot CEO - ajc We will stand up and speak up, hitting Home . Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Boycott Home Depot (Co-founder supports Trump) | MoveOn 21 Famous Transformational Leadership Examples Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. There's a video about it on MyApron and probably on loop in your break room too. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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. Craig Menear in Washington | Photos | Reviews | 18 building permits. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 2020 Transaction Count/Amount. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Tune into ABC at 1 p.m. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Marcus in particular has once again made headlines by vowing to support. Craig Menear Political Contributions in 2020. Country of residence : Unknown. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. In 2016, he received $11.5 million. The Home Depot CEO: Craig Menear Biography - Brooksy The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Craig Menear - L'ATTITUDE 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. Craig Menear - Address & Phone Number | Whitepages That growth has continued, including in the most recent fiscal quarter, even as some consumers hired home professionals in lieu of do-it-yourself projects. 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. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. 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. Craig Menear has created a big name for himself in the business of home improvement. He serves as the chairman and is the former chief executive officer of The Home Depot. Bernie M. This article about an American businessperson born in the 1950s is a stub. "As a long-time Home Depot veteran, Craig lives our . Both have vocalized consistent support for US President Donald Trump. What are the admission requirements to study medicine at UCT 2022? Learn More about Craig A. Menear's net worth. Home Depot is the largest home improvement retailer in the United States. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Craig Menear - RILA Linked companies : No connection available. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Not the Craig Menear you were looking for? Hell do an outstanding job leading our company in the years ahead.. 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. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think Shares of the company were effectively flat after hours. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Craig Menear (born c. 1958) is an American business executive. Craig Menear - Chairman, CEO and President - CrunchBase Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. 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. Stay up to date with what you want to know. Access your favorite topics in a personalized feed while you're on the go. [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. I remember that. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. 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. 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. Read more about the author Craig Menear at L'ATTITUDE. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. 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 . 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. Craig Menear. 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 . Craig A Menear - Add Relationship - LittleSis In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Palmer's real estate firm G.H. Quickly connect with Craig before . Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. "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.". 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. Home Depot CEO Craig Menear leaves his post | exechange [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. 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%. 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. With over 10 years experience he's covered businesses, CEOs, and investments. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: window.mc4wp.listeners.push( A Home Depot store is seen in Washington, DC, on August 18, 2020. Alma Mater. 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. Tell Wealthy Corporations to Stop Bankrolling the Republicans Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Home Depot Names Ted Decker as CEO - WSJ Garrett by trade is a personal finance freelance writer and journalist. Find contact details for 700 million professionals. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Craig Menear tries to be on the store floor of a Home Depot almost every week. One of the biggest challenges looking ahead manifested in the form of consumer habits shifting, as online sales grew to 4% with no signs of slowing, leadership needed to ponder how best to sell items from barbecue grills and patio sets to actual bricks and mortar over the Internet. Have you ever looked at a company or brand and wondered who runs the show? Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. forms: { Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. When Craig Menear started looking for work after college, he wasn't really interested in retail, and he certainly did not imagine one day running the world's largest home improvement retailer. "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. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Craig Menear politics. [3], Menear was educated at the Flint Central High School, graduating in 1975. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Together, they worked on several home improvement projects. Inside the career of Home Depot CEO Craig Menear, who has worked at the The company's statement didn't give a reason for Menear's retirement. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Inside the career of Home Depot CEO Craig Menear, who has worked at the He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. Details of his birthday and month are yet to be revealed. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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. Got a confidential news tip? Prior to his retirement in November 2011, Mr. Arpey served as Chief Executive Officer of AMR Corporation, a global airline holding company, and its subsidiary American Airlines, from 2003 through November 2011, immediately prior to their voluntary filing for reorganization . { 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. 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. 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. 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 . ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Craig Menear - $15,620 in Political Contributions for 2020 - CampaignMoney 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. Home Depot CEO - Craig Menear (Age 63) - ListOfCEO 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. 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. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. You have to stay focused on the customers needs and when you lose that focus, bad things happen. The company is involved in renovating or making additions to houses. Craig Menear Wiki - Age, Wife, Family, & More. Atlanta-based Home Depot is a major political player in Georgia. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. But how did he come to run the company in the first place? Contribution Totals. 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. Home Depot names company veteran Ted Decker as CEO - CNBC 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. 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 . Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. By DEE-ANN DURBIN January 27, 2022. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Menear said 98 words. Prior to that, Menear had been the company's chief executive since 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. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . At least 25 individuals have made substantial donations in support of Trump. They outrank your supervisor. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Account will be deleted and I will shop at Lowes! As a long-time Home Depot veteran, Craig lives our values and embodies our culture. The Home Depot Names Ted Decker CEO, Effective March 1, 2022; Craig The Home Depot has become one of the more successful home improvement companies that Craig Menear has earned himself the 29th spot on the list of the top 1000 CEOs of private and public companies. Both men are company veterans. Craig Menear - Biography - MarketScreener.com Menear has been into entrepreneurship from an early age. But is Home Depot really a conservative company?