Lets get started. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . 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. from 1999 to present. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. 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. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. (function() { Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. Craig Menear (born c. 1958) is an American business executive. He serves as the chairman and is the former chief executive officer of The Home Depot. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. Menear, 57, has been president of the company's U.S. retail operations since February . He is on the Board of Directors at Retail Industry Leaders . Since then, he has become a regular donor to his alma mater throughout the years. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. That makes a difference, believes Frank Blake. 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. You could say that Menear has had a love for home improvement instilled in his blood from a young age. Has Worked For More Than Just The Home Depot. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. He lives with his wife, and the couple also has two daughters. 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. 2. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Aug. 17, 2021. Both public and private colleges are competing for a limited number of students. Craig Menear is the Chairman of the Board. I am Craig Menear CEO of Home Depot hater of Lowe's Destroyer Of IKEA Harbinger of Toilets Seller of Kitchen Cabinets Master of All PVC Tubes God of Construction Hardware BOW BEFORE ME MORTALS. However, he could be reached through his work contacts. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. You can find out more information about Menear and the work he has put into The Home Depot online. References This . Marcus in particular has once again made headlines by vowing to support. 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. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: [2] Succeeding Frank Blake in these roles, Menear has served as its chief executive officer since November 2014,[2] and as its chairman since February 2015. Craig Menear Chairman and Chief Executive Officer. Like other CEOs, Craig has been vocal about his political stand in the US elections. 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. [1][2] His father worked as a tool and die maker for General Motors. 2016 Election Cycle. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Details of his birthday and month are yet to be revealed. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. 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? Search. 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. Prior to that, Menear had been the company's chief executive since 2014. By DEE-ANN DURBIN January 27, 2022. ); 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.. CEO Craig Menear is also a major Republican donor. The idea is to further unlock the interconnected retail vision the company began building many years ago. To a Spreadsheet or Other File Type. 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. 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. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. Atlanta-based Home Depot is a major political player in Georgia. 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. 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. He then worked at Builders Emporium and was also a distribution manager at IKEA. 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 A. Menear: CEO Pay $13,059,751: Median Employee Pay $28,697: CEO Pay Ratio 455:1: Board of Directors in HOME DEPOT INC. For its 2021 fiscal year, HOME DEPOT INC, listed the following board members on its annual proxy statement to the SEC. 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.. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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. For some retailers, fewer in-person . In 2021, the company had 490,600 employees and more than $151 billion in revenue. The foundation has nearly doubled its political giving since 2018. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. Reply. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. 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. For one of the co-founders, Bernie Marcus, to support a xenophobic, misogynistic, racist bigot like Donald Trump and stand by his divisive, hateful rhetoric is beyond acceptable and appalling. They invested about $11 billion in the improvement of . Palmer's real estate firm G.H. Menear was born and raised in Flint, Michigan to his family back in 1958. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. 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. 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. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Menear was born c.1958 in Flint, Michigan. 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. After completing his university studies, the American businessman got into work at several retailers. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. 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. For Langone, recent beneficiaries include official Republican Party offices across the United States, as well as big-name Republican members of Congress like Kevin McCarthy and Tom Cotton. Bernie M. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. [2][4][5], Menear joined Home Depot in 1997. 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. Through his able leadership, the company has grown significantly. 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.. event : evt, Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Under his leadership, the company continues to give quality services in supplying tools, construction products. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. 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. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Political Action Committee, the . He has also served as a Chairman for the company since 2015. 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. 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. Connie Snyder: What do you know about Steve Ballmer wife? Craig Menear in Washington | Photos | Reviews | 18 building permits. window.mc4wp = window.mc4wp || { When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. 5. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. 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. Contribution Totals. Executing a move that initially left some scratching their heads, the board appointed Frank Blake CEO after Nardellis departure, he had come from GE as well, and many feared a catastrophic repeat of the past seven years. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. His films have been among the biggest box office hits of all time. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. They have also lived in Monrovia, CA and Kingston, TN. Work Biography for Craig Menear. He has had the role of Chief Executive Officer since 2014. The company's statement didn't give a reason for Menear's retirement. Have you ever looked at a company or brand and wondered who runs the show? I remember that. Craig Menear (born c.1958) is an American business executive. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. 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. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Hell do an outstanding job leading our company in the years ahead.. Richard Mcvey: age, children, first wife, height, career, profile, worth. 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. Briefly.co.za recently published an article about Brian Williams' biography. The Home Depot on Thursday named a veteran executive as its new CEO. 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. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Visit lattitude.net now! The pair has given $470,300 this year, with 99% of that money going to Republican candidates. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . The Center for Responsive Politics found that in the year 2020, donations in the retail sphere have been more even across the political spectrum than usual. In his role as a news anchor, he has covered more than 300 hours of live, breaking news coverage, including the 2016 presidential campaign and events around the world. Account will be deleted and I will shop at Lowes! 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. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Craig Menear is chairman, CEO and president of The Home Depot. } Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. "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. 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In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Enjoy our content? Get this delivered to your inbox, and more info about our products and services. 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. 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.