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 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. Craig Menear politics. Since then, he has become a regular donor to his alma mater throughout the years. "As a long-time Home Depot veteran, Craig lives our . 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. 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. In 2007, he was appointed executive vice president of merchandising. He is one of the legendary news anchors in America today. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. 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. 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. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. I know what that felt like. 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. CEO Craig Menear is also a major Republican donor. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. event : evt, His skills can be looked up to and learned from. 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 Inc. ADVERTISEMENT. His father was a tool and die maker at Flint General Motors. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. [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. 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. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. "President Trump, who has already brought together the private sector and federal government for unprecedented collaboration during the COVID-19 pandemic, is beginning a dialogue with prominent and successful individuals across multiple industries with different backgrounds and skillsets for the monumental task of re-opening the American economy," Deere wrote. This article about an American businessperson born in the 1950s is a stub. Who makes the tough business decisions to keep the company prosperous and overwhelmingly popular throughout the course of its history, and in this tough society? We will stand up and speak up, hitting Home . It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. 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. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. 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 . Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Clearly, he knows his way around technical issues with computers, but there has to be more to, Read More 10 Things You Didnt Know about Leif K-BrooksContinue. Check your inbox to be the first to know the hottest news. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. You could say that Menear has had a love for home improvement instilled in his blood from a young age. 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. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Craig Menear has created a big name for himself in the business of home improvement. 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. Contribution Totals. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. 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. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. In 2016, he received $11.5 million. Richard Mcvey: age, children, first wife, height, career, profile, worth. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. Want to connect with other businesses in the Latino community? Work Biography for Craig Menear. Search. In 2007, he gained the title of Vice President of Merchandising for the company, which led to his becoming CEO in the fall of 2014. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. 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. Learn More about Craig A. Menear's net worth. listeners: [], For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. Both public and private colleges are competing for a limited number of students. 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. Menear has donated to the Home Depot Political Action Committee over the years. 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. } In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. Both men are company veterans. 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. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Menear has donated to the Home Depot Political Action Committee over the years. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. 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. 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. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Menear has donated to the Home Depot Political Action Committee over the years. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Craig Menear (born c. 1958) is an American business executive. Outgoing CEO Craig Menear will continue to serve as chair of the board. Menear began working at Home Depot in 1997. 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. 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. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. His films have been among the biggest box office hits of all time. Author: Lois Furry. 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. Alma Mater. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Craig Menear. })(); 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. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. In January 2022, The Home Depot announced that he would step . 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. And is Lowe's its liberal counterpart? Lets get started. 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. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. 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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. "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 . Craig Menear. Mr Menear, getting involved in political statements. 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.. However, these actions were met with backlash from the public. 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. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . 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. Coca-Cola ultimately issued a carefully worded statement saying that "voting is a foundational right in America" and pledging to "work to advance voting rights and access in Georgia and . 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. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. 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? Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. "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 the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. ); They outrank your supervisor. All Rights Reserved. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. "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. Brian is currently a news anchor of The 11th Hour with Brian Williams. Age : 63. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. 2. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. 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. Ethics experts say it is certainly not the first time political donors have netted advisory posts. Home Depot on Thursday also announced a new $15 billion share-buyback program. Atlanta-based Home Depot is a major political player in Georgia. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. We want to hear from you. Political Action Committee, the . "Our founders have not been with The Home Depot for nearly 20 years and they don't speak on behalf of the company," a Home Depot spokesperson told Business Insider. Shares of the company were effectively flat after hours. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. 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. But simply examining large donations from retired founders does not lead to a complete or accurate picture of either Home Depot or Lowe's' political leanings. 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.. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. 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. Follow Craig Menear on LinkedIn to get to know them better. While glancing at his 13 years company's stock transaction . 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. He lives with his wife, and the couple also has two daughters. Not the Craig Menear you were looking for? Political Campaign Contributions. 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. Corporations have also been active political spenders at the state level. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. Sign up for free newsletters and get more CNBC delivered to your inbox. As a result, The Home Depot sought to distance itself from the statement. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Palmer's real estate firm G.H. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. The American entrepreneur cannot be contacted directly via his personal details. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 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. } The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. "It's bizarre to me that there's nobody representing public health," Virginia Canter, chief ethics counsel at Washington-based advocacy group Citizens for Responsibility and Ethics in Washington, told ABC News. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. People go: Got it. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. Decker, who has . In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. 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. Details of his birthday and month are yet to be revealed. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Home Depot is the largest home improvement retailer in the United States. After completing his university studies, the American businessman got into work at several retailers. Prior to that, Menear had been the company's chief executive since 2014. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. With over 10 years experience he's covered businesses, CEOs, and investments. Enjoy our content? As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. To a Spreadsheet or Other File Type. 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 is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. from 1999 to present. 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.

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