5. 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.. 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. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. } In 2007, he was appointed executive vice president of merchandising. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. He attended Flint Central High School. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. "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. Biography of Craig Menear. 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. Want to connect with other businesses in the Latino community? 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. Has Been Known As The Darling Of Wall Street, 7. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Despite the fact he walked away with a dreamy retirement package worth up to $210 million, his practices left Home Depot in a compromised position, particularly due to the cost cuts that were being made to reach inauthentic quarterly objectives they inadvertently wreaked havoc on the ground floor, in other words, where the customer spends their money. from 1999 to present. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Marcus in particular has once again made headlines by vowing to support. This article about an American businessperson born in the 1950s is a stub. Age : 63. He has been ranked 29th in the top 1000 CEOs of private and public companies. 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. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. 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, who was tabbed CEO in November 2014, will continue as the company's chairman. 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. Craig Menear - YouTube In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). 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. He lives with his wife, and the couple also has two daughters. Check your inbox to be the first to know the hottest news. event : evt, Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. 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. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Decker took over as CEO in . 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. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. Craig Menear email address & phone number | Anheuser-Busch InBev Senior Read more here! Frank Blake has been Home Depot's chairman and CEO . "President Trumps policies built a booming economy and they will do so again.". Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. We will stand up and speak up, hitting Home . 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. 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 want to hear from you. Author: Lois Furry. Craig Menear (born c. 1958) is an American business executive. 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.. From the policy debates to the political fights, today's . The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Craig Menear will become Home Depot CEO - SFGATE Craig Menear has created a big name for himself in the business of home improvement. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. 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. Inside the career of Home Depot CEO Craig Menear, who has worked at the In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Hell do an outstanding job leading our company in the years ahead.. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. "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. Both men are company veterans. "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. [8], Menear is a donor to his alma mater, Michigan State University. 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. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. The company currently has around 2200 stores and 400,000 associates. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Craig Menear's email & phone | 's Board Member contact info - Datanyze Many people are familiar with him because of his decade-long stint in the media industry. Craig Menear (born c.1958) is an American business executive. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 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? 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. "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. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. 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. You could say that Menear has had a love for home improvement instilled in his blood from a young age. Home Depot's Craig Menear upbeat about company's future 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. 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. Craig Menear Net Worth (2023) | wallmine Not the Craig Menear you were looking for? 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. 2. 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. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Sign up for notifications from Insider! 2. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. 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. 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. His father worked as a tool and die maker at General Motors. Retail, among the industries hit hardest by the pandemic, received significant representation. 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. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 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. Craig Menear tries to be on the store floor of a Home Depot almost every week. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Home Depot Inc. said Craig Menear, who took over as chief executive in November, received total compensation last year that was valued at $10.2 million. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Political Campaign Contributions. 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. You are already subscribed to our newsletter! Quickly connect with Craig before . Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Home Depot is the largest home improvement retailer in the United States. Menear was born in Flint, Michigan, USA, in the year 1958. Home Depot names company veteran Ted Decker as CEO - CNBC (function() { In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. [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. You can help Wikipedia by expanding it. This site uses Akismet to reduce spam. Menear has donated to the Home Depot Political Action Committee over the years. The Home Depot Names Ted Decker CEO, Effective March 1, 2022; Craig ATLANTA, Jan. 27, 2022 - The Home Depot , the world's largest home improvement retailer, today announced that Edward "Ted" Decker has been named CEO and president, and has been elected to the company's board of directors, all effective March 1, 2022.Craig Menear, currently chairman and CEO, will continue to serve as Chair of the Board. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Here's a look into Menear's life and career: Source: San Diego Tribune, USA Today, Forbes, Source: Federal Election Committee, CNBC, The Center for Responsive Politics. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. Aug. 17, 2021. Palmer's real estate firm G.H. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home Follow Craig Menear on LinkedIn to get to know them better. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. 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. Inside the career of Home Depot CEO Craig Menear, who has worked at the 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 Menear. Linked companies : No connection available. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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 . However, as of 2021, he is 63 years old. 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. 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. Decker took over as CEO in March, when Menear stepped down from that role. Craig Menear - Biography - MarketScreener.com Craig Menear is chairman, CEO and president of The Home Depot. Don't Compete with Inevitable Craig Menear, CEO Home Depot The American entrepreneur cannot be contacted directly via his personal details. They all have backlogs. In order to best position themselves for this rush in Pro sales, Craig Menear and company have continued streamlining their delivery process, outfitting it to handle larger orders,while also ensuring they have stocked up on as much inventory as possible. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. Political Action Committee, the . 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. Home Depot Names Ted Decker as CEO - WSJ Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. The Home Depot CEO: Craig Menear Biography - Brooksy 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! { "I have tremendous confidence that he will guide our company to new heights.". Following his departure from that initial outfit, he took on roles among numerous home improvement retail companies (each notably vying in the field of do-it-yourself projects), such as Grace Home Centers, Builders Emporium, and IKEA, at one point, he was a distribution manager for the latter. "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. 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. 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. He is replaced by former executive vice president Ted Decker. 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc He became president and COO in October 2020. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Have you ever looked at a company or brand and wondered who runs the show? The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. In January 2022, The Home Depot announced that he would step . Mr . Get this delivered to your inbox, and more info about our products and services. 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. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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 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.. 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. 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 has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. Alma Mater. Photo by Patrick James Miller for Fortune The breach was, unquestionably . Atlanta-based Home Depot is a major political player in Georgia. Craig Menear - Address & Phone Number | Whitepages At least 25 individuals have made substantial donations in support of Trump. Home Depot Co-Founder Endorses Donald Trump | Snopes.com Craig Menear. 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. [6] He was given $11.5 million in 2016. 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