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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.. ET and ABC News Live at 4 p.m. Craig Menear politics. forms: { 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. Decker took over as CEO in . 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. Atlanta, GA, US View. He serves as the chairman and is the former chief executive officer of The Home Depot. "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. Account will be deleted and I will shop at Lowes! Biography of Craig Menear. "As a long-time Home Depot veteran, Craig lives our . In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Home Depot's Craig Menear upbeat about company's future Sign up for free newsletters and get more CNBC delivered to your inbox. Author: Lois Furry. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Linked companies : No connection available. Hell do an outstanding job leading our company in the years ahead.. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. listeners: [], Richard Mcvey: age, children, first wife, height, career, profile, worth. 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. 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. 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. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. His first post-grad job was at Montgomery Ward, a department store chain. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Lets get started. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. They invested about $11 billion in the improvement of . 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. 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. Will Record Tuition Deductions Help Private Colleges? Political Campaign Contributions. Ruffin has given nearly $1 million to Trump Victory, the president's joint fundraising committee with the Republican National Committee, and another $1 million to Trump's inaugural committee. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. After completing his university studies, the American businessman got into work at several retailers. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Get this delivered to your inbox, and more info about our products and services. [2][4][5], Menear joined Home Depot in 1997. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC Craig Menear (born c.1958) is an American business executive. Home Depot CEO Craig Menear's Life and Career - Business Insider Craig may not officially change The Home Depot's signature orange color, but his allegiance to the green and white is as strong as ever. 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. What are the admission requirements to study medicine at UCT 2022? 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 . Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 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. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Craig Menear - RILA Have you ever looked at a company or brand and wondered who runs the show? Decker took over as CEO in March, when Menear stepped down from that role. 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. 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. 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. 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. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. 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. Menear has donated to the Home Depot Political Action Committee over the years. He lives with his wife, and the couple also has two daughters. 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. Craig Menear. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Craig Menear, CEO of The Home Depot Wiki: Salary, Net - wikinetworth Learn More about Craig A. Menear's net worth. 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. 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. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. But the recurring partisan controversy fails to capture the fact that both home improvement companies skew conservative when it comes to political giving a tendency they share with many major retailers. Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. 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. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. For some retailers, fewer in-person . Alma Mater. Home Depot CEO - Craig Menear (Age 63) - ListOfCEO The American businessman has kept much of his personal life out of the spotlight. World Wrestling Entertainment Vince McMahon, the husband of major Trump donor and fundraiser Linda McMahon, is also listed as a member under the sports group. Larry Page: net worth, age, children, wife, house, education, salary, profiles. Menear was born c.1958 in Flint, Michigan. CEO Craig Menear is also a major Republican donor. 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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Briefly.co.za recently published an article about Brian Williams' biography. He has had the role of Chief Executive Officer since 2014. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Menear has donated to the Home Depot Political Action Committee over the years. 2023 CNBC LLC. References This . Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. 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! . ); 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. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. This article about an American businessperson born in the 1950s is a stub. This net worth approximation does not reflect any other investments that Mr. Menear may own. 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. The company is involved in renovating or making additions to houses. A Division of NBCUniversal. What do you think about the CEO of Home Depot donating all his - Quora Country of residence : Unknown. However, as of 2021, he is 63 years old. Throughout the most recent years, it has shown greatly that The Home Depot has some of the best records when it comes to the stock market, and it is all thanks to the leadership of Mr. Craig Menear. Craig Menear tries to be on the store floor of a Home Depot almost every week. As a result, The Home Depot sought to distance itself from the statement. Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear - Biography - MarketScreener.com Inside the career of Home Depot CEO Craig Menear, who has worked at the Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Join the Brooksy Society by subscribing to our Monthly Newsletter! Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. 2016 Election Cycle. To examine the politics of the home improvement sector beyond the issue of politically-polarized founders, Business Insider combed through the FEC records for each company's current leadership team and examined the Center for Responsive Politics' breakdown of each company's in-house PAC for answers. Craig Menear. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. 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. But a modicum of political change may be at hand for both retailers in the coming election cycle. [8], Menear is a donor to his alma mater, Michigan State University. Others in the loop would argue the contrary, that executives werent informed enough on the competition, given Lowes stellar rise; the one thing folks seem to universally agree about regarding this period in Home Depots history is its disheartening impact on all involved parties. 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? window.mc4wp.listeners.push( Find contact details for 700 million professionals. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Craig Menear (born c. 1958) is an American business executive. However, these actions were met with backlash from the public. Read more about the author Craig Menear at L'ATTITUDE. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. To a Spreadsheet or Other File Type. Mr . While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Access your favorite topics in a personalized feed while you're on the go. Thats right. 2. During Blakes tenure, Home Depots stock rose more than 100%, by the end, they were operating the worlds largest home improvement specialty retailer, with 2,265 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico. Home Depot founders and Republican mega-donors Ken Langone and Bernie Marcus have attracted controversy over their donations to Republican groups and politicians, including US President Donald Trump. Like other CEOs, Craig has been vocal about his political stand in the US elections. In 2016, he received $11.5 million. Everything to know about him, De Lille reveals ANC ministers and deputies live in lavish Pretoria and Cape Town houses worth R1bn, SA awed, Mpho Wabadimo and Thema Broly allegedly split after 'BBMzansi' winner posts cryptic pictures on Instagram, Twitter men defend Zamani Mbatha amid cheating scandal after girlfriend Snikiwe Mhlongo exposed him: "Protect Zamani", Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Craig Menear is an inspiration to all the upcoming businesspersons. By DEE-ANN DURBIN January 27, 2022. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. "As a 22-year associate of The Home Depot, Ted . Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. This site uses Akismet to reduce spam. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. } In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. HOME DEPOT INC Executive Salaries & Other Compensation - Salary.com Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. There's a video about it on MyApron and probably on loop in your break room too. "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. How Home Depot CEO Frank Blake kept his legacy from being hacked In 2007, he was appointed executive vice president of merchandising. 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 Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. 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. Read more here! Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Craig Menear Net Worth (2023) | wallmine Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Craig Menear - Forbes "His ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The Home Depot," Menear said in a news release. { 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. Home Depot's (HD) CEO Craig Menear Hosts 2018 Annual Shareholder Craig Menear - Chairman, Chief Executive Officer and President. Decker, who has . Craig Menear | ZoomInfo 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 Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. During his childhood, he had a lawn care business with which he bought his first car. President Trump's 'opening the country' council features several political donors and supporters . Both have vocalized consistent support for US President Donald Trump. Craig Menear - Address & Phone Number | Whitepages Craig Menear's email & phone | 's Board Member contact info - Datanyze Marcus in particular has once again made headlines by vowing to support. About the time off coming up : r/HomeDepot The Home Depot has become one of the more successful home improvement companies that Craig Menear has earned himself the 29th spot on the list of the top 1000 CEOs of private and public companies. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. 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. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. Sign up for notifications from Insider! Craig Menear Chairman & Chief Executive Officer. 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. He is one of the legendary news anchors in America today. 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. 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. Craig Menear in Washington | Photos | Reviews | 18 building permits. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. In 2021, the company had 490,600 employees and more than $151 billion in revenue. A Division of NBCUniversal. With over 10 years experience he's covered businesses, CEOs, and investments. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. 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. He previously served as chief merchant and executive vice president of merchandising. He has also served as a Chairman for the company since 2015. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year And is Lowe's its liberal counterpart? Sign up for free newsletters and get more CNBC delivered to your inbox. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. "President Trumps policies built a booming economy and they will do so again.". The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. 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. Home Depot names company veteran Ted Decker as CEO - CNBC