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. They outrank your supervisor. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. President Trump's 'opening the country' council features several But is Home Depot really a conservative company? 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. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Mr . 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. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. [1] He became executive vice president of merchandising in 2007. 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. Inside the career of Home Depot CEO Craig Menear, who has worked at the Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. 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's (HD) CEO Craig Menear Hosts 2018 Annual Shareholder 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. Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom He also explained that Dawn had been a great source of support throughout his career. 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. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. 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. Visit lattitude.net now! He will be replacing Craig Menear, who has been . Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. 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. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. [1][2], Menear began his career at several retailers. Craig Menear - L'ATTITUDE The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. He serves as the chairman and is the former chief executive officer of The Home Depot. At least 25 individuals have made substantial donations in support of Trump. Others Named Craig Menear. Craig Menear - $15,620 in Political Contributions for 2020 - CampaignMoney Prior to that, Menear had been the company's chief executive since 2014. They invested about $11 billion in the improvement of . Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. His skills can be looked up to and learned from. Palmer's real estate firm G.H. 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. Success Story of Craig Menear - Career, Life, Spouse & The Home Depot 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. 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. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Follow Craig Menear on LinkedIn to get to know them better. He became president and COO in October 2020. Connie Snyder: What do you know about Steve Ballmer wife? 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. You have to stay focused on the customers needs and when you lose that focus, bad things happen. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. 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. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Craig Menear Net Worth (2023) | wallmine Linked companies : No connection available. Get this delivered to your inbox, and more info about our products and services. 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. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Craig Menear Net Worth (2023) | wallmine Home Depot picks veteran Ted Decker as new CEO | CNN Business Both public and private colleges are competing for a limited number of students. The American businessman has kept much of his personal life out of the spotlight. 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. Marcus in particular has once again made headlines by vowing to support. 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. About the time off coming up : r/HomeDepot (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. The Home Depot Names Ted Decker CEO, Effective March 1, 2022; Craig Check your inbox to be the first to know the hottest news. Craig Menear's Home Depot: The Darling Of Wall Street - ChiefExecutive.net It should be no surprise that Craig Menear has had the success to become a millionaire during his career. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. Craig Menear is chairman, CEO and president of The Home Depot. The idea is to further unlock the interconnected retail vision the company began building many years ago. His films have been among the biggest box office hits of all time. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think In 2021, the company had 490,600 employees and more than $151 billion in revenue. Home Depot Punished Worker for Black Lives Matter Logo, Labor Board Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Craig Menear Chairman & Chief Executive Officer. Updated April 6, 2015 6:34 pm ET. Has Worked For More Than Just The Home Depot. ET and ABC News Live at 4 p.m. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. "I have tremendous confidence that he will guide our company to new heights.". Many people are familiar with him because of his decade-long stint in the media industry. Craig Menear, CEO of The Home Depot Wiki: Salary, Net - wikinetworth Board of Directors | The Home Depot Global Business and Financial News, Stock Quotes, and Market Data and Analysis. While glancing at his 13 years company's stock transaction . 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. 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. Home Depot Inc. 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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. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. 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. "President Trumps policies built a booming economy and they will do so again.". Craig Menear email address & phone number | Anheuser-Busch InBev Senior In 2016, he received $11.5 million. The foundation has nearly doubled its political giving since 2018. 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.. 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. [8], Menear is a donor to his alma mater, Michigan State University. 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 Wikipedia Republished // WIKI 2 Home Depot Names Ted Decker as CEO - WSJ 24/7 coverage of breaking news and live events. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. 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? 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. Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan President Trump's 'opening the country' council features several political donors and supporters . 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 has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Craig Menear. By DEE-ANN DURBIN January 27, 2022. "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. 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. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Access your favorite topics in a personalized feed while you're on the go. 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. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. Top editors give you the stories you want delivered right to your inbox each weekday. For some retailers, fewer in-person . The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. We will stand up and speak up, hitting Home . [7], In January 2022, The Home Depot announced he would be stepping down as the CEO and President effective March 1, 2022 while continuing to serve as the chairman of the board. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Corporate Involvement in Politics & Voter Suppression 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. Craig A Menear - Add Relationship - LittleSis 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? Boycott Home Depot (Co-founder supports Trump) | MoveOn Sign up for free newsletters and get more CNBC delivered to your inbox. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. His father worked as a tool and die maker at General Motors. Craig Menear is the Chairman of the Board. Outgoing CEO Craig Menear will continue to serve as chair of the board. He attended Flint Central High School. 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. 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. 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. { ADVERTISEMENT. As a result, The Home Depot sought to distance itself from the statement. 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. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Craig Menear in Washington | Photos | Reviews | 18 building permits. Craig Menear Chairman and Chief Executive Officer. 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. The two youthful love birds were dating by junior high, eventually graduated hand in hand from Central High School, and forever sealing their vintage Americana status as high school sweethearts, got married during the mid-80s; over three decades later, they are still going strong! This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. As Craig Menear put it: that was a significant improvement compared to double-digit declines in previous quarters in 2009. He attributed the improvement to consumers snapping up values in Home Depots appliances, water heaters, and windows categories. Over the course of five years, the internal funding should spur innovations in everything from store enhancements and new e-commerce solutions to industry-leading delivery options, and a comprehensive ecosystem conducive to professional contractors (Pro). 2023 CNBC LLC. His own father was a tool and die maker that worked at GM for forty-one years, and on the few off days to be had, the working-class man often recruited the help of his son for strenuous home improvement projects; perhaps Craig enjoyed these early boyhood do-it-yourself construction tasks, considering the billion-dollar company hed ultimately helm. })(); 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. Decker took over as CEO in . Craig Menear has created a big name for himself in the business of home improvement. 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. 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc Menear has donated to the Home Depot Political Action Committee over the years. Details of his birthday and month are yet to be revealed. 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. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business.