Like other CEOs, Craig has been vocal about his political stand in the US elections. Check your inbox to be the first to know the hottest news. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Of course, its not easy working as the CEO and President of a company, but Craig Menear has surely proven himself in his role these past three years. Craig Menear is the Chairman of the Board. Craig Menear, chairman, president, and CEO of The Home Depot and alumnus of the Broad College of Business, was the commencement speaker at the spring undergr. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . Craig Menear - Chairman, Chief Executive Officer and President. He lives with his wife, and the couple also has two daughters. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. 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. Weve done a number of things throughout our facilities to be able to be more flexible, were working on expanding childcare services, and weve changed the configuration of our buildings in order to facilitate more team integration, Menear explains. He lives with his wife, and the couple also has two daughters. Others Named Craig Menear. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". With over 10 years experience he's covered businesses, CEOs, and investments. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. That makes up around 9% of the PAC's current cycle to-date disbursements. . 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. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Menear was born c.1958 in Flint, Michigan. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . He serves as the chairman and is the former chief executive officer of The Home Depot. "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. Richard Mcvey: age, children, first wife, height, career, profile, worth. 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 . A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Many people are familiar with him because of his decade-long stint in the media industry. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. "President Trumps policies built a booming economy and they will do so again.". Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. [1][2] His father worked as a tool and die maker for General Motors. Menear, 57, has been president of the company's U.S. retail operations since February . With the exception of Ellison, the top brass at both home improvement giants largely favor donating to their employer's designated PAC, as well as the occasional specific politician or campaign. 2023 CNBC LLC. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. Alma Mater. 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. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. . 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. But scattered among them are several of Trumps friends, supporters, and political donors. 24/7 coverage of breaking news and live events. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. "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. Craig Menear. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. "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. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. Craig Menear is chairman, CEO and president of The Home Depot. However, he could be reached through his work contacts. His own father was a tool and die maker that worked at GM for forty-one years, and on the few off days to be had, the working-class man often recruited the help of his son for strenuous home improvement projects; perhaps Craig enjoyed these early boyhood do-it-yourself construction tasks, considering the billion-dollar company hed ultimately helm. Public asset : 66,160,504 USD. 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. Enjoy our content? 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. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Craig Menear (born c.1958) is an American business executive. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Has Worked For More Than Just The Home Depot. 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? In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Want to connect with other businesses in the Latino community? 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 . 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. Craig Menear. 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. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? You can help Wikipedia by expanding it. 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. What are the admission requirements to study medicine at UCT 2022? You could say that Menear has had a love for home improvement instilled in his blood from a young age. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. [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. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . 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. Clearly, he knows his way around technical issues with computers, but there has to be more to, Read More 10 Things You Didnt Know about Leif K-BrooksContinue. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. 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 resides near The Home Depot headquarters, which are located in Atlanta, Georgia. "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". 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. 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. The company currently has around 2200 stores and 400,000 associates. Search. Aug. 17, 2021. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . As a result, The Home Depot sought to distance itself from the statement. The foundation has nearly doubled its political giving since 2018. 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. on: function(evt, cb) { Menear has donated to the Home Depot Political Action Committee over the years. The show airs every weeknight at 11 pm Eastern Time on MSNBC. The Hispanic and Latino community are a huge clientele and work force of Home Depot, affording Home Depot in reaching the pinnacle of a successful corporation. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. 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. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. To a Spreadsheet or Other File Type. ET and ABC News Live at 4 p.m. He is one of the legendary news anchors in America today. Menear was born in Flint, Michigan, USA, in the year 1958. 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. The Home Depot on Thursday named a veteran executive as its new CEO. Sign up for free newsletters and get more CNBC delivered to your inbox. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. He previously served as chief merchant and executive vice president of merchandising. Atlanta-based Home Depot is a major political player in Georgia. from 1999 to present. 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. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Access your favorite topics in a personalized feed while you're on the go. Name Total COMPENSATION; Albert P. 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Download all contribution records for this person. Will Record Tuition Deductions Help Private Colleges? Through his knowledge of restructuring the company for ultimate profitability, the company has exceeded many expectations, and should continue to do so throughout the coming years as well. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. They invested about $11 billion in the improvement of . Details of his birthday and month are yet to be revealed. A Home Depot store is seen in Washington, DC, on August 18, 2020. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . They all have backlogs. In order to best position themselves for this rush in Pro sales, Craig Menear and company have continued streamlining their delivery process, outfitting it to handle larger orders,while also ensuring they have stocked up on as much inventory as possible. 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.. Menear has donated to the Home Depot Political Action Committee over the years. President Trump's 'opening the country' council features several political donors and supporters . Country of residence : Unknown. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. While Lowe's lacks a set of high-profile, long-retired Republican mega-donor founders to match those at Home Depot, differences between the two companies' political contribution strategies are thinner that a skim coating of paint. They have also lived in Monrovia, CA and Kingston, TN. Marcus in particular has once again made headlines by vowing to support. The American entrepreneur cannot be contacted directly via his personal details. { [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. 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. [8], Menear is a donor to his alma mater, Michigan State University. 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. 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.. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. 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. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. We will stand up and speak up, hitting Home . 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. Monday, January 31, 2022 6:11 AM UTC. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: 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. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 2020 Transaction Count/Amount. Decker took over as CEO in March, when Menear stepped down from that role. 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 . Net sales increased 44 percent to $108.5 billion in the first quarter, after already increasing 38 percent to $386.1 billion during the full year of 2020. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 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After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Photo by Patrick James Miller for Fortune The breach was, unquestionably . Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. callback: cb In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. "Our founders have not been with The Home Depot for nearly 20 years and they don't speak on behalf of the company," a Home Depot spokesperson told Business Insider. 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 . "As a 22-year associate of The Home Depot, Ted . 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 Inc. During his childhood, he had a lawn care business with which he bought his first car. Sign up for notifications from Insider! Craig Menear in Washington | Photos | Reviews | 18 building permits. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months.
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