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. 2023 CNBC LLC. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Craig Menear - YouTube He attended Flint Central High School. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. The Home Depot Names Ted Decker CEO, Effective March 1, 2022; Craig We need to transform Home Depot to allow customers to shop when, where, and how they want to, Menear said in a 2014 interview at the companys Atlanta headquarters. 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. CEO Craig Menear is also a major Republican donor. He will be replacing Craig Menear, who has been . In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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.. 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. 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.. Teddy W Solomon says: April 4, 2021 at 5:19 pm. Boycott Home Depot (Co-founder supports Trump) | MoveOn However, these actions were met with backlash from the public. Find contact details for 700 million professionals. 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. Success Story of Craig Menear - Career, Life, Spouse & The Home Depot Craig Menear - Wikiwand The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. . 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.. Frank Blake has been Home Depot's chairman and CEO . Craig Menear - Wikipedia . All Rights Reserved. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Decker took over as CEO in March, when Menear stepped down from that role. Craig Menear (born c.1958) is an American business executive. . In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. [6] He was given $11.5 million in 2016. Brian is currently a news anchor of The 11th Hour with Brian Williams. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . 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. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Decker, who has . Craig Menear Political Contributions in 2020. By clicking Sign up, you agree to receive marketing emails from Insider NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Home Depot names company veteran Ted Decker as CEO - CNBC Like other CEOs, Craig has been vocal about his political stand in the US elections. Learn more about the background of Craig Menear, the highly respected CEO of The Home Depot and his perspective on leadership and the future of business in a. Home Depot names Craig Menear new CEO starting Nov. 1 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. Got a confidential news tip? Craig Menear is the Chairman of the Board. How Home Depot CEO Frank Blake kept his legacy from being hacked 2. Board of Directors | The Home Depot Home Depots same-store sales in the U.S., which includes sales online and at stores open for at least 12 months, grew 24.6% in the pandemics first quarter. Family Life. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Menear was born c.1958 in Flint, Michigan. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Other prominent Trump donors on the council include Harold Hamm of Continental Resources, Paul Singer of Elliot Management, New England Patriots owner Bob Kraft, and M Crowd Restaurant owner Ray Washburne. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. 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. What do you think about the CEO of Home Depot donating all his - Quora Craig Menear's email & phone | 's Board Member contact info - Datanyze Under his leadership, the company continues to give quality services in supplying tools, construction products. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 6. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. On Sundays, the Fortune 500 corporations new chief executive hand-wrote thank-you cards to employees, a meaningful gesture he learned from President George H. W. Bush while serving as deputy general counsel from 1981-1983, during his vice presidency years. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Access your favorite topics in a personalized feed while you're on the go. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. He serves as the chairman and is the former chief executive officer of The 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. Enjoy our content? The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Decker took over as CEO in March, when Menear stepped down from that role. 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. 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. His triumphs have clearly been shown, as in his three years in the position have led to amazing stock records (as we mentioned before), and the company appears to be doing better than ever while continuing to evolve. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. on: function(evt, cb) { Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. "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. Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home "I have tremendous confidence that he will guide our company to new heights.". Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. But scattered among them are several of Trumps friends, supporters, and political donors. He previously served as chief merchant and executive vice president of merchandising. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. If somebody had said, Okay, Frank, here blank sheet of paper. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. He then worked at Builders Emporium and was also a distribution manager at IKEA. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. 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 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. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. Retail, among the industries hit hardest by the pandemic, received significant representation. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. [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. The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). 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. By DEE-ANN DURBIN January 27, 2022. This net worth approximation does not reflect any other investments that Mr. Menear may own. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. His first job was at Montgomery Ward, a department store chain. With over 10 years experience he's covered businesses, CEOs, and investments. Home Depot Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. 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. 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. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Country of residence : Unknown. Sign up for free newsletters and get more CNBC delivered to your inbox. The Home Depot - Wikipedia U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . Craig Menear - Address & Phone Number | Whitepages The show airs every weeknight at 11 pm Eastern Time on MSNBC. 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. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. During his childhood, he had a lawn care business with which he bought his first car. Quickly connect with Craig before . In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Mr Menear, getting involved in political statements. Craig Menear politics. Starting in 2019, a Nevada voter named Patrick Farrah is listed by the FEC as having donated thousands toward Republican candidates like Lindsey Graham, Mitch McConnell, Kevin McCarthy, and Duncan Hunter, as well as the PAC Bikers for the President. He serves as the chairman and is the former chief executive officer of The Home Depot. Want to connect with other businesses in the Latino community? Craig Menear - RILA 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. 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. Since then, he has become a regular donor to his alma mater throughout the years. Tell Wealthy Corporations to Stop Bankrolling the Republicans 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. 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. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Mr. Menear owns over 68,468 units of Home Depot stock worth over $75,521,444 and over the last 16 years he sold HD stock worth over $14,995,979. . 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. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. } Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. He serves as the chairman and is the former chief executive officer of The Home Depot. 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 Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. 38/$15,620. 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. Changing the basis of, Read More 10 Things You Didnt Know about Mohit KumarContinue, What do you know about the Chief Technical Officer and co-founder of online chat platform Omegle, Leif K-Brooks? 24/7 coverage of breaking news and live events. Marcus in particular has once again made headlines by vowing to support. Craig Menear - Chairman, Chief Executive Officer and President. 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. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. (function() { The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Get this delivered to your inbox, and more info about our products and services. ADVERTISEMENT. President Trump's 'opening the country' council features several ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. The American businessman has kept much of his personal life out of the spotlight. That same day, America First Action announced a $26.6 million investment in broadcast television ad buys set to run in the fall in the battleground states, including $18 million in Florida. After completing his university studies, the American businessman got into work at several retailers. With this being said, his executive staff has dedicated a lot of time, energy, and effort to making sure they are clearly communicating their approach, strategy, and how each team member has a profound impact on achieving The Home Depots outlined goals. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. 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. forms: { But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. 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. Have you ever looked at a company or brand and wondered who runs the show? Work Biography for Craig Menear. 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. 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. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Craig Menear: age, family, salary, home depot, house - Briefly 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.. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. 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.. 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. Menear has donated to the Home Depot Political Action Committee over the years. Has Worked For More Than Just The Home Depot. Home Depot names longtime executive as new CEO | AP News Michigan State was a great economic opportunity to be able to get a great education and a great life, and I am very happy to be able to give back some of what was given to me, he divulges to the schools newspaper, having earned his bachelors degree in a fairly swift four years, with the class of 79. You can find out more information about Menear and the work he has put into The Home Depot online. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Photo by Patrick James Miller for Fortune The breach was, unquestionably . Search. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position.