Home Depot picks veteran Ted Decker as new CEO | CNN Business The Home Depot has become a household name in house renovations, all under the leadership of Craig. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. callback: cb Craig Menear - $15,620 in Political Contributions for 2020 - CampaignMoney He has had the role of Chief Executive Officer since 2014. Craig Menear Wikipedia Republished // WIKI 2 2. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Decker took over as CEO in March, when Menear stepped down from that role. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Like other CEOs, Craig has been vocal about his political stand in the US elections. Despite being the older company, the original movers-and-shakers of Lowe's never achieved the same high-profile or politicized status in the business world as their orange-aproned counterparts. He then worked at Builders Emporium and was also a distribution manager at IKEA. 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. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Will Record Tuition Deductions Help Private Colleges? Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. } Craig Menear - L'ATTITUDE That makes up around 9% of the PAC's current cycle to-date disbursements. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Donald Trump, left, and his partner, developer Phil Ruffin, speak during an opening ceremony for the Trump International Hotel & Tower Las Vegas, April 11, 2008, in Las Vegas, Nevada. 5. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. This site uses Akismet to reduce spam. The question is not merely academic, as decisions made about the economic future of the country could reflect the interests of those appointed to the council. 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.. The American entrepreneur cannot be contacted directly via his personal details. [6] He was given $11.5 million in 2016. 2. Craig Menear email address & phone number | Anheuser-Busch InBev Senior Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Craig Menear Wiki - Age, Wife, Family, & More. The Home Depot CEO: Craig Menear Biography - Brooksy The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. 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. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Home Depot names Ted Decker as new CEO, replacing Craig Menear Craig Menear Net Worth (2023) | wallmine Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Fla., Dec. 7, 2019. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Craig Menear tries to be on the store floor of a Home Depot almost every week. You are already subscribed to our newsletter! 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. Craig Menear - Biography - MarketScreener.com 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . Home Depot Co-Founder Endorses Donald Trump | Snopes.com They have also lived in Monrovia, CA and Kingston, TN. Success Story of Craig Menear - Career, Life, Spouse & The Home Depot The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. 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. POLITICAL ACTION COMMITTEE: Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. He also explained that Dawn had been a great source of support throughout his career. Atlanta, GA, US View. 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. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. window.mc4wp.listeners.push( 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney President Trump's 'opening the country' council features several Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. 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. Text. Craig Menear is the Chairman of the Board. "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. Tell Wealthy Corporations to Stop Bankrolling the Republicans "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". 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. Connie Snyder: What do you know about Steve Ballmer wife? Menear has been at the retailer for more than 20 years and began as CEO in November 2014. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. on: function(evt, cb) { 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. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Mr . Others Named Craig Menear. Sign up for notifications from Insider! In 2016, he received $11.5 million. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past. Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home But, what does the CEO of home depot make? Home Depot CEO Craig Menear's Life and Career - Business Insider Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. 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. He serves as the chairman and is the former chief executive officer of The Home Depot. 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, the organization gave only 13% of its $448,750 expenditure to Democrats. His father was a tool and die maker at Flint General Motors. Excelling academically, Craig Menear finished high school in the spring of 1975 and earned his way into Michigan State Universitys Eli Broad College of Business that next fall semester. We want to hear from you. 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. Boycott Home Depot (Co-founder supports Trump) | MoveOn In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Menear has donated to the Home Depot Political Action Committee over the years. Palmer's real estate firm G.H. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. As a staff member, I remember the feeling of getting a note from the vice president of the United States saying nice job on something. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. 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. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Holifields team then proceeded to engineer and execute on the companys supply chain transformation, adding a network of eighteen Rapid Deployment Centers to supply stores with unprecedented efficiency. 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If you take care of your associates and take care of your customers, everything else takes care of itself., 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. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Menear, 57, has been president of the company's U.S. retail operations since February . To find out, Business Insider analyzed Federal Election Commission data for Home Depot and Lowe's executives, as well as data from the Center for Responsive Politics. 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.. 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. Home Depot names company veteran Ted Decker as CEO - CNBC In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. 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. 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. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Both public and private colleges are competing for a limited number of students. } Menear has donated to the Home Depot Political Action Committee over the years. Not the Craig Menear you were looking for? Political Campaign Contributions. 2020 Transaction Count/Amount. Inside the career of Home Depot CEO Craig Menear, who has worked at the Family Life. Tune into ABC at 1 p.m. Menear was born in Flint, Michigan, USA, in the year 1958. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. At least 25 individuals have made substantial donations in support of Trump. That makes a difference, believes Frank Blake. Sites and apps where to download Afrikaans movies, Top facts: The biggest dams in South Africa, Video of Zamani Mbatha apologising to Snikiwe Mhlongo after cheating scandal goes viral on social media, Who is Kim Fields's dad Erv Hurd? as well as other partner offers and accept our, A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge, Before that, he worked at Montgomery Ward and. Trump advisers on reopening economy gave half-billion to Republican Monday, January 31, 2022 6:11 AM UTC. Join the Brooksy Society by subscribing to our Monthly Newsletter! And is Lowe's its liberal counterpart? All Rights Reserved. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Under his leadership, the company continues to give quality services in supplying tools, construction products. Richard Mcvey: age, children, first wife, height, career, profile, worth. He serves as the chairman and is the former chief executive officer of The Home Depot. 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. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. [1][2], Menear began his career at several retailers. Menear has been into entrepreneurship from an early age. When I joined the company, we were still decentralized, 75% of our goods went direct from the manufacturer to each individual store, and as the business evolved, that supply chain just didnt work anymore; it was really inefficient.. There's a video about it on MyApron and probably on loop in your break room too. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. 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. Brian is currently a news anchor of The 11th Hour with Brian Williams. Retail, among the industries hit hardest by the pandemic, received significant representation. He lives with his wife, and the couple also has two daughters. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. By DEE-ANN DURBIN January 27, 2022. Craig Menear is chairman, CEO and president of The Home Depot. Craig Menear Net Worth (2023) | wallmine Public asset : 66,160,504 USD. Enjoy our content? Download all contribution records for this person. 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. [8], Menear is a donor to his alma mater, Michigan State University. Mr Menear, getting involved in political statements. Menear was born and raised in Flint, Michigan to his family back in 1958. Still, amidst troubled financial waters, Blake chose to make investments in his operations by continuing to modernize their supply chain, rethinking the role technology could play in their retail strategy, and most importantly, emphasizing the tremendous impact that each hired hand in each store has on Home Depots success. ET and ABC News Live at 4 p.m. A Division of NBCUniversal. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. As published in the Atlanta Business Chronicle on June 1, 2018In early 2014, three people were in the running to succeed Frank Blake as CEO of The Home Depot Inc. Craig Menear, who eventually . Lets get started. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Select this result to view Craig Albert Menear's phone number, address, and more. Work Biography for Craig Menear. Here Are The Billionaires Backing Donald Trump's Campaign, As Of 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. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. "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. 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. In November 2014, he became the SEO of the company and has served as its chairman since February 2015.
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