Home Depot CEO Craig Menear leaves his post | exechange "Were happy to give input and ideas on the roadmap for reopening the economy, the statement reads, and were also doing this through Craigs participation with other organizations such as the Business Roundtable.". "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Shares of the company were effectively flat after hours. The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. 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.
Craig Menear - Chairman, CEO and President - CrunchBase "President Trumps policies built a booming economy and they will do so again.". Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Read more about the author Craig Menear at L'ATTITUDE. His skills can be looked up to and learned from. callback: cb [1][2], Menear began his career at several retailers. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Prior to that, Menear had been the company's chief executive since 2014. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . 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. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. 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. They invested about $11 billion in the improvement of . Retail, among the industries hit hardest by the pandemic, received significant representation.
Menear has donated to the Home Depot Political Action Committee over the years.
Home Depot's Craig Menear upbeat about company's future 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.
Tell Wealthy Corporations to Stop Bankrolling the Republicans Family Life. 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. Menear began working at Home Depot in 1997. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. 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. I remember that. . Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. Access your favorite topics in a personalized feed while you're on the go. He also explained that Dawn had been a great source of support throughout his career. 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 . "As a 22-year associate of The Home Depot, Ted . From 2015 to 2019, CVS Health gave over $31 million to political non-profits, Intel gave $18 million, Anthem Blue Cross Blue Shield health insurance $16 million, Dow $16 million, AT&T $9 million, and Microsoft $6 million. You could say that Menear has had a love for home improvement instilled in his blood from a young age. 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. Political Campaign Contributions. 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. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Tune into ABC at 1 p.m.
Home Depot names Craig Menear new CEO starting Nov. 1 Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far.
21 Famous Transformational Leadership Examples Larry Page: net worth, age, children, wife, house, education, salary, profiles. Quickly connect with Craig before . 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. ADVERTISEMENT. 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. In 2007, he was appointed executive vice president of merchandising. Richard Mcvey: age, children, first wife, height, career, profile, worth.
The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action.
Craig Menear email address & phone number | Anheuser-Busch InBev Senior The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Weve done a number of things throughout our facilities to be able to be more flexible, were working on expanding childcare services, and weve changed the configuration of our buildings in order to facilitate more team integration, Menear explains. The idea is to further unlock the interconnected retail vision the company began building many years ago.
Home Depot Names Ted Decker as CEO - WSJ References This . Download all contribution records for this person. We want to hear from you. He lives with his wife, and the couple also has two daughters. [1][2] His father worked as a tool and die maker for General Motors. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Join the Brooksy Society by subscribing to our Monthly Newsletter! In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. He has been ranked 29th in the top 1000 CEOs of private and public companies. Craig Menear in Washington | Photos | Reviews | 18 building permits. "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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. However, he could be reached through his work contacts. According to the Center for Responsive Politics, the Arthur M. Blank Foundation has only given $283 to Democratic candidates in 2020 so far, and zero dollars to Republicans. The company is involved in renovating or making additions to houses.
Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times For Langone, recent beneficiaries include official Republican Party offices across the United States, as well as big-name Republican members of Congress like Kevin McCarthy and Tom Cotton. 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. Mr . In their personal contributions, Home Depot executives have favored many of the same conservative politicians as Menear, although a number of figures from the company's leadership team have supported liberal politicians like Hillary Clinton. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . A Division of NBCUniversal. from 1999 to present. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. 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. window.mc4wp.listeners.push( 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.
Craig Menear Wikipedia Republished // WIKI 2 Find contact details for 700 million professionals. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. listeners: [], In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. 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. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. 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. Decker took over as CEO in . 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. . JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. His films have been among the biggest box office hits of all time. Brian is currently a news anchor of The 11th Hour with Brian Williams.
Give Me an H: Chairman and CEO Craig Menear's Passion for Retail Starts Before making his way to The Home Depot, he worked for other independent construction retailers, and other companies (such as Ikea), where he learned the ropes in terms of online sales, marketing, and other business assets. 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. [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. 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. While glancing at his 13 years company's stock transaction . Bernie M. "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 . Reply. Home Depots stock value dropped 8% by the time Nardelli was exiled by the companys board in 2007, for comparison, during that time, Lowes shares soared some 180%. 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. 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 Punished Worker for Black Lives Matter Logo, Labor Board He worked his way through, and in 2007 he was named the Vice President of Merchandising. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Others Named Craig Menear. All Rights Reserved. Turn on desktop notifications for breaking stories about interest? Enjoy our content? However, as of 2021, he is 63 years old. He has had the role of Chief Executive Officer since 2014. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Alma Mater. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Top editors give you the stories you want delivered right to your inbox each weekday. He serves as the chairman and is the former chief executive officer of The Home Depot. event : evt, The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. Data is a real-time snapshot *Data is delayed at least 15 minutes. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. 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. 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. 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. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 38/$15,620. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. 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. 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. When introducing her boss at Monday's Rotary Club of Atlanta, the Home Depot's Kelly Barrett admitted that she was a little worried when Craig Menear became CEO following Frank Blake in November . 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. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Teddy W Solomon says: April 4, 2021 at 5:19 pm. That makes up around 9% of the PAC's current cycle to-date disbursements. Menear has donated to the Home Depot Political Action Committee over the years. Together, they worked on several home improvement projects. We will stand up and speak up, hitting Home . People go: Got it. The company's statement didn't give a reason for Menear's retirement. 2. You can find out more information about Menear and the work he has put into The Home Depot online. He is on the Board of Directors at Retail Industry Leaders . 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). 24/7 coverage of breaking news and live events.
Home Depot's (HD) CEO Craig Menear Hosts 2018 Annual Shareholder The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. 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. For starters, seasoned associates at the company were less than thrilled to watch him oust long-time, trusted executives and replace them with outsider GE alumni. Political Action Committee, according to FEC data. Has Worked For More Than Just The Home Depot. Hell do an outstanding job leading our company in the years ahead.. 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. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . 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. That makes a difference, believes Frank Blake. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. 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 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.. Follow Craig Menear on LinkedIn to get to know them better. "As a long-time Home Depot veteran, Craig lives our . Monday, January 31, 2022 6:11 AM UTC. Briefly.co.za recently published an article about Brian Williams' biography. Like other CEOs, Craig has been vocal about his political stand in the US elections. Menear, 57, has been president of the company's U.S. retail operations since February . Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. His father worked as a tool and die maker at General Motors. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: MENEAR, CRAIG MARIETTA, GA 30068: Home Depot Product Authority,/Home Depot Product Authority,/Chairman Ceo And President: $192: 12/20/2019: P: THE HOME DEPOT INC. There's a video about it on MyApron and probably on loop in your break room too. Search. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Lets get started. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia.
Home Depot picks veteran Ted Decker as new CEO | CNN Business Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Updated April 6, 2015 6:34 pm ET.
Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think A Division of NBCUniversal. 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?
Inside the career of Home Depot CEO Craig Menear, who has worked at the Marcus and Langone have spent millions supporting Republican and conservative causes over the years. [8], Menear is a donor to his alma mater, Michigan State University. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . 5.
Craig Menear - YouTube Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls Got a confidential news tip? With over 10 years experience he's covered businesses, CEOs, and investments. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. You have to stay focused on the customers needs and when you lose that focus, bad things happen. [3], Menear was educated at the Flint Central High School, graduating in 1975. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. POLITICAL ACTION COMMITTEE: Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Home Depot Inc. 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. 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. 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. 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.
Craig Menear - RILA In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans.
Craig Menear, CEO of The Home Depot Wiki: Salary, Net - wikinetworth Craig Menear is chairman, CEO and president of The Home Depot. 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. With the exception of Ellison, the top brass at both home improvement giants largely favor donating to their employer's designated PAC, as well as the occasional specific politician or campaign. . 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. 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). The American businessman has kept much of his personal life out of the spotlight.
Home Depot names company veteran Ted Decker as CEO - CNBC Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday.
Trump advisers on reopening economy gave half-billion to Republican Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This article about an American businessperson born in the 1950s is a stub. The Home Depot has become a household name in house renovations, all under the leadership of Craig. Craig Menear is the Chairman of the Board. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). He is one of the legendary news anchors in America today. Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1.. Frank Blake has been Home Depot's chairman and CEO since 2007, and . 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. Decker took over as CEO in March, when Menear stepped down from that role. Hed get a front-row seat to one of the greatest supply chain overhauls since Amazon began threatening the entire brick and mortar retail business community with speedy home delivery of goods spanning nearly every product category. 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? However, these actions were met with backlash from the public. For some retailers, fewer in-person . In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. In 2016, he received $11.5 million.
Craig Menear - Wikiwand His first post-grad job was at Montgomery Ward, a department store chain. He has made the occasional one-off donation to other, largely Republican, candidates and campaigns, including now-Sen. Mitt Romney's presidential run, Jeb Bush, and David Perdue.