Menear has donated to the Home Depot Political Action Committee over the years. Since then, he has become a regular donor to his alma mater throughout the years. 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. 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 . 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? Mr Menear, getting involved in political statements. "Craig is always careful not to make the success of The Home Depot about him, but to make it about all of the team," said Frank Blake, Menear's predecessor as CEO, serving in the role from . Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. Join the Brooksy Society by subscribing to our Monthly Newsletter! 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. . Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. 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. . Craig Menear in Washington | Photos | Reviews | 18 building permits. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Palmer's real estate firm G.H.
Craig A Menear - Add Relationship - LittleSis Download all contribution records for this person. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Stay up to date with what you want to know. 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. Tune into ABC at 1 p.m. Of course, eager investors rewarded the stock by skyrocketing its value throughout the nationwide lockdown period to the tune of a record high of $339 per share in May 2021. 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. [6] He was given $11.5 million in 2016.
Craig Menear's Home Depot: The Darling Of Wall Street - ChiefExecutive.net Connie Snyder: What do you know about Steve Ballmer wife? 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. Craig Menear. We want to hear from you. Many people are familiar with him because of his decade-long stint in the media industry. Read more about the author Craig Menear at L'ATTITUDE. 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. (function() { Craig Menear Political Contributions in 2020. 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. The company's statement didn't give a reason for Menear's retirement. ADVERTISEMENT. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. A Home Depot store is seen in Washington, DC, on August 18, 2020. Decker took over as CEO in March, when Menear stepped down from that role.
Home Depot's Craig Menear upbeat about company's future 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. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. He also explained that Dawn had been a great source of support throughout his career.
Boycott Home Depot (Co-founder supports Trump) | MoveOn The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive.
For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. 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. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. event : evt, 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 . Corporations have also been active political spenders at the state level. In 2007, he was appointed executive vice president of merchandising. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Like other CEOs, Craig has been vocal about his political stand in the US elections. 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. 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. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business.
Home Depot CEO Craig Menear: People focus makes the difference in Others Named Craig Menear. 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 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. Home Depot Inc. said Craig Menear, who took over as chief executive in November, received total compensation last year that was valued at $10.2 million.
Craig Menear - Chairman, CEO and President - CrunchBase Craig Menear. With over 10 years experience he's covered businesses, CEOs, and investments. [8], Menear is a donor to his alma mater, Michigan State University. 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.
Craig Menear, CEO of The Home Depot Wiki: Salary, Net - wikinetworth Craig Menear will become Home Depot CEO - SFGATE from 1999 to present.
Mr . Frank Blake has been Home Depot's chairman and CEO . In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Sign up for free newsletters and get more CNBC delivered to your inbox. Decker, who has . Menear has been at the retailer for more than 20 years and began as CEO in November 2014. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. 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. 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. 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. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. 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. However, these actions were met with backlash from the public. As a long-time Home Depot veteran, Craig lives our values and embodies our culture.
Home Depot Punished Worker for Black Lives Matter Logo, Labor Board 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. His skills can be looked up to and learned from. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. That makes up around 9% of the PAC's current cycle to-date disbursements. He serves as the chairman and is the former chief executive officer of The Home Depot. 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. Atlanta, GA, US View. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. At least 25 individuals have made substantial donations in support of Trump. 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. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. Age : 63. 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. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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. Check your inbox to be the first to know the hottest news.
Craig Menear email address & phone number | Anheuser-Busch InBev Senior In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities.
Craig Menear - Biography - MarketScreener.com . In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. 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%. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. 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. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. However, as of 2021, he is 63 years old. And some council members such as Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Facebook CEO Mark Zuckerberg have at times been vocal in their opposition to the president and his agenda. Work Biography for Craig Menear. From 2015 to 2019, CVS Health gave over $31 million to political non-profits, Intel gave $18 million, Anthem Blue Cross Blue Shield health insurance $16 million, Dow $16 million, AT&T $9 million, and Microsoft $6 million. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. 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. That makes a difference, believes Frank Blake. .
The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha Home Depot CEO Craig Menear leaves his post | exechange In 2016, he received $11.5 million. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Prior to that, Menear had been the company's chief executive since 2014. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. From the policy debates to the political fights, today's . Craig was named CEO and president in November 2014 and chairman in February 2015. Larry Page: net worth, age, children, wife, house, education, salary, profiles. What are the admission requirements to study medicine at UCT 2022?
Craig Menear - L'ATTITUDE His father worked as a tool and die maker at General Motors. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . "President Trumps policies built a booming economy and they will do so again.". window.mc4wp.listeners.push( Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. 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. The Home Depot has become a household name in house renovations, all under the leadership of Craig. You could say that Menear has had a love for home improvement instilled in his blood from a young age. He isnt necessarily the prototypical hotshot CEO we all imagine in our heads when thinking of somebody who has experienced his degree of success or that wields so much economic power, as a matter of fact, hes humble, soft-spoken, and were you to encounter him on the street, theres probably no way youd know he leads an army of 300,000 ready to help associates spread across the North American continent. 2023 CNBC LLC. 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. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Adelson did not respond to a request for comment. He became president and COO in October 2020. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Find contact details for 700 million professionals. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. While glancing at his 13 years company's stock transaction . The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. The company is involved in renovating or making additions to houses. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Richard Mcvey: age, children, first wife, height, career, profile, worth. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Thats right. 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. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. 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. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. 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. 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. 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 politics. But a modicum of political change may be at hand for both retailers in the coming election cycle. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah.
Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home Home Depot Co-Founder Endorses Donald Trump | Snopes.com 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. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. forms: { window.mc4wp = window.mc4wp || { He replaces former CEO Craig Menear, who will retire as chair Sept. 30. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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. 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. 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. Has Worked For More Than Just The Home Depot. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. He will be replacing Craig Menear, who has been . I remember that. 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. 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? Read more here! Alma Mater.
Tell Wealthy Corporations to Stop Bankrolling the Republicans Craig Menear Net Worth (2023) | wallmine Craig Menear Chairman & Chief Executive Officer. After completing his university studies, the American businessman got into work at several retailers. Menear has donated to the Home Depot Political Action Committee over the years. "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.". Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. . Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Outgoing CEO Craig Menear will continue to serve as chair of the board. 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. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 2016 Election Cycle. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Craig Menear: Home Depot Up until about 2013, Home Depot was an excellent place to drive over and grab what you needed for your special project. Enjoy our content? Logistics is huge, and if you step back to just twelve years ago, our business has changed pretty dramatically [since then], he explained at a 2018 Michigan leadership summit. To a Spreadsheet or Other File Type. Together, they worked on several home improvement projects. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. 5. All Rights Reserved. Menear was born c.1958 in Flint, Michigan. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. He has also served as a Chairman for the company since 2015. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Bernie M. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Quickly connect with Craig before . 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. He is on the Board of Directors at Retail Industry Leaders . 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. On Sundays, the Fortune 500 corporations new chief executive hand-wrote thank-you cards to employees, a meaningful gesture he learned from President George H. W. Bush while serving as deputy general counsel from 1981-1983, during his vice presidency years. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Got a confidential news tip? Ethics experts say it is certainly not the first time political donors have netted advisory posts. Political Action Committee, the .
The Home Depot Names Ted Decker CEO, Effective March 1, 2022; Craig Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom Home Depot names Ted Decker as new CEO, replacing Craig Menear Monday, January 31, 2022 6:11 AM UTC. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. The idea is to further unlock the interconnected retail vision the company began building many years ago. 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.
Craig Menear - YouTube Photo by Patrick James Miller for Fortune The breach was, unquestionably . Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. Menear has donated to the Home Depot Political Action Committee over the years. Reply. All Rights Reserved. The foundation has nearly doubled its political giving since 2018. Craig Menear is the Chairman of the Board.
Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan "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. Craig Menear (born c. 1958) is an American business executive. He previously served as chief merchant and executive vice president of merchandising. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories.
10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc