Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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! Check your inbox to be the first to know the hottest news. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. listeners: [], But scattered among them are several of Trumps friends, supporters, and political donors. He serves as the chairman and is the former chief executive officer of The Home Depot. He serves as the chairman and is the former chief executive officer of The Home Depot. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Since then, he has become a regular donor to his alma mater throughout the years. Menear has donated to the Home Depot Political Action Committee over the years. He serves as the chairman and is the former chief executive officer of The Home Depot. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. Atlanta-based Home Depot is a major political player in Georgia. All Rights Reserved. He is one of the legendary news anchors in America today. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Home Depot Co-Founder Endorses Donald Trump | Snopes.com The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. According to the Center for Responsive Politics, the Arthur M. Blank Foundation has only given $283 to Democratic candidates in 2020 so far, and zero dollars to Republicans. } 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Craig Menear is chairman, CEO and president of The Home Depot. 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. Ethics experts say it is certainly not the first time political donors have netted advisory posts. })(); 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. 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. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. You are already subscribed to our newsletter! 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. "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.". Home Depot picks veteran Ted Decker as new CEO | CNN Business Learn how your comment data is processed. The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). The foundation has nearly doubled its political giving since 2018. A persistent Spartan, hed drive the aging aforementioned vehicle to and fro the college campus where he slogged his way through two years of math and statistics that didnt come easy. Family Life. However, these actions were met with backlash from the public. 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. 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. 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 . You can help Wikipedia by expanding it. Decker, who has . Mr . Between the day Craig Menear was made chief executive in 2014 and December 2017, The Home Depots single share value increased from roughly $92 to $192, at which point, the company revealed a plan to invest north of $11 billion to position itself as One Home Depot.. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Got a confidential news tip? (function() { Home Depot names Craig Menear new CEO starting Nov. 1 Decker took over as CEO in March, when Menear stepped down from that role. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Shares of the company were effectively flat after hours. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Quickly connect with Craig before . The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. 2. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. He then worked at Builders Emporium and was also a distribution manager at IKEA. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Home Depot Inc. Join the Brooksy Society by subscribing to our Monthly Newsletter! The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. In 2007, he was appointed executive vice president of merchandising. The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha Craig Menear's Home Depot: The Darling Of Wall Street - ChiefExecutive.net 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 . 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. But a modicum of political change may be at hand for both retailers in the coming election cycle. . We will stand up and speak up, hitting Home . Craig Menear Net Worth, Biography, and Insider Trading 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. Author: Lois Furry. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. The Home Depot CEO: Craig Menear Biography - Brooksy Menear has been into entrepreneurship from an early age. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Search. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year POLITICAL ACTION COMMITTEE: Both have vocalized consistent support for US President Donald Trump. 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 . He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. window.mc4wp = window.mc4wp || { 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. You have to stay focused on the customers needs and when you lose that focus, bad things happen. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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. You could say that Menear has had a love for home improvement instilled in his blood from a young age. Menear has donated to the Home Depot Political Action Committee over the years. Follow Craig Menear on LinkedIn to get to know them better. 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. "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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Craig Menear is an inspiration to all the upcoming businesspersons. His father was a tool and die maker at Flint General Motors. Get this delivered to your inbox, and more info about our products and services. Many people are familiar with him because of his decade-long stint in the media industry. 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. The idea is to further unlock the interconnected retail vision the company began building many years ago. Home Depot CEO - Craig Menear (Age 63) - ListOfCEO Menear began working at Home Depot in 1997. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Under his leadership, the company continues to . } Marcus in particular has once again made headlines by vowing to support. Craig Menear will become Home Depot CEO - SFGATE Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. 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. After graduating from MSU, Menear began his career at the modest, now-defunct retailer, Montgomery Ward; which was a pioneering mail order and department store retailer that operated between 1872 and 2001. Craig Menear tries to be on the store floor of a Home Depot almost every week. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . Home Depot on Thursday also announced a new $15 billion share-buyback program. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Home Depot Punished Worker for Black Lives Matter Logo, Labor Board Home Depot has seen tremendous growth during the pandemic, as nesting trends and a strong housing market inspired Americans to invest in their homes or move to bigger places. Briefly.co.za recently published an article about Brian Williams' biography. Want to connect with other businesses in the Latino community? 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. Biography of Craig Menear. Account will be deleted and I will shop at Lowes! Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. 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. We just went back to some foundational statements from [founders] Bernie Marcus and Arthur Blank in terms of our company values and what we stand for. Garrett by trade is a personal finance freelance writer and journalist. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. 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. 38/$15,620. Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times 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. They invested about $11 billion in the improvement of . Craig Menear's email & phone | 's Board Member contact info - Datanyze "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. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. But Id say, the most important thing, that weve found spans across generations, is: people want to understand the strategy of your company, they want to understand how they fit in that, and how they contribute to that.. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Data is a real-time snapshot *Data is delayed at least 15 minutes. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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. 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 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. Atlanta Business Chronicle sits down with Home Depot CEO Craig Menear 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. Menear has donated to the Home Depot Political Action Committee over the years. His first post-grad job was at Montgomery Ward, a department store chain. Atlanta, GA, US View. Not the Craig Menear you were looking for? That makes up around 9% of the PAC's current cycle to-date disbursements. Craig Menear. 6. 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. 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 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. 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 . U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . Visit lattitude.net now! In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. 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.. Will Record Tuition Deductions Help Private Colleges? Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. The company currently has around 2200 stores and 400,000 associates. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Craig Menear in Washington | Photos | Reviews | 18 building permits. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. Menear, 57, has been president of the company's U.S. retail operations since February . Learn More about Craig A. Menear's net worth. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Read more here! Sign up for notifications from Insider! Richard Mcvey: age, children, first wife, height, career, profile, worth. "During Ted's tenure as CEO and a member of the board, we have witnessed firsthand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair," Greg Brenneman, the board's lead director, said in a news release. 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. However, as of 2021, he is 63 years old. 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. 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. 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. Craig Menear Net Worth (2023) | wallmine [8], Menear is a donor to his alma mater, Michigan State University. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. "President Trumps policies built a booming economy and they will do so again.". 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. Don't Compete with Inevitable Craig Menear, CEO Home Depot From the policy debates to the political fights, today's . Age : 63. Home Depot CEO Craig Menear: People focus makes the difference in People go: Got it. Craig A Menear - Add Relationship - LittleSis "As a long-time Home Depot veteran, Craig lives our .
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