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.. As announced by Home Depot Inc. in a news release and in a regulatory filing published on Thursday, January 27, 2022, Craig A. Menear leaves his post as chief executive officer at the world's largest . Together, they worked on several home improvement projects. Inside the career of Home Depot CEO Craig Menear, who has worked at the event : evt, Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. The company's statement didn't give a reason for Menear's retirement. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. "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. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. However, as of 2021, he is 63 years old. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. 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. 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. 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. Work Biography for Craig Menear. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Home Depot Co-Founder Endorses Donald Trump | Snopes.com Menear has been at the retailer for more than 20 years and began as CEO in November 2014. One of the biggest challenges looking ahead manifested in the form of consumer habits shifting, as online sales grew to 4% with no signs of slowing, leadership needed to ponder how best to sell items from barbecue grills and patio sets to actual bricks and mortar over the Internet. 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. Ron DeSantis, a close ally of the president, declared "employees at a professional sports (league) and media production with a national audience" part of "essential workers" in Florida, allowing McMahon's pro-wrestling company to continue live television broadcasts from its Orlando training facility, while most businesses in Florida had been ordered to shut to help fight the spread of the coronavirus. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. "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. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. What are the admission requirements to study medicine at UCT 2022? Have you ever looked at a company or brand and wondered who runs the show? 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. 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. Like other CEOs, Craig has been vocal about his political stand in the US elections. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Decker took over as CEO in March, when Menear stepped down from that role. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Craig Menear - YouTube Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think Alma Mater. Craig Menear in Washington | Photos | Reviews | 18 building permits. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. POLITICAL ACTION COMMITTEE: Photo by Patrick James Miller for Fortune The breach was, unquestionably . Quickly connect with Craig before . Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Corporate Involvement in Politics & Voter Suppression In total, ABC News identified at least 25 individuals appointed to the advisory council who have made substantial donations to his political campaigns or to outside groups supporting his presidency, raising concerns among prominent ethics watchdogs. 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. 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. His first post-grad job was at Montgomery Ward, a department store chain. Since then, he has become a regular donor to his alma mater throughout the years. "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.". Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Prior to his retirement in November 2011, Mr. Arpey served as Chief Executive Officer of AMR Corporation, a global airline holding company, and its subsidiary American Airlines, from 2003 through November 2011, immediately prior to their voluntary filing for reorganization . 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. 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. 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. The American businessman has kept much of his personal life out of the spotlight. Home Depot picks veteran Ted Decker as new CEO | CNN Business But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. His films have been among the biggest box office hits of all time. Craig Menear's email & phone | 's Board Member contact info - Datanyze In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Home Depot names Craig Menear new CEO starting Nov. 1 "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Craig Menear is the Chairman of the Board. } Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. The company is involved in renovating or making additions to houses. Craig was named CEO and president in November 2014 and chairman in February 2015. 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. For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. Both public and private colleges are competing for a limited number of students. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Menear has donated to the Home Depot Political Action Committee over the years. Adelson did not respond to a request for comment. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls Mr . By DEE-ANN DURBIN January 27, 2022. 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. 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's Home Depot: The Darling Of Wall Street - ChiefExecutive.net Craig Menear - L'ATTITUDE Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. President Trump's 'opening the country' council features several Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Download all contribution records for this person. Mr Menear, getting involved in political statements. 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). Menear was born in Flint, Michigan, USA, in the year 1958. "I have tremendous confidence that he will guide our company to new heights.". 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. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Decker took over as CEO in . Menear has been into entrepreneurship from an early age. 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. Find contact details for 700 million professionals. Still, amidst troubled financial waters, Blake chose to make investments in his operations by continuing to modernize their supply chain, rethinking the role technology could play in their retail strategy, and most importantly, emphasizing the tremendous impact that each hired hand in each store has on Home Depots success. For some retailers, fewer in-person . Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. [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). To a Spreadsheet or Other File Type. But scattered among them are several of Trumps friends, supporters, and political donors. 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. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. 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. Age : 63. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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? [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. 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). Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 2. People go: Got it. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Craig Menear (born c. 1958) is an American business executive. 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. . "As a long-time Home Depot veteran, Craig lives our . Craig Menear Political Contributions in 2020. Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. Country of residence : Unknown. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Menear, 57, has been president of the company's U.S. retail operations since February . Craig Menear - Wikiwand Get this delivered to your inbox, and more info about our products and services. You are already subscribed to our newsletter! 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. 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? Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. . 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. His first job was at Montgomery Ward, a department store chain. 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. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. With over 10 years experience he's covered businesses, CEOs, and investments. CEO Craig Menear is also a major Republican donor. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. The Home Depot, Inc. (NYSE:NYSE:HD) Alliance Bernstein 37th Annual Strategic Decisions Conference June 3, 2021 1:30 PM ETCompany ParticipantsCraig Menear - Chairman and Chief Executive. Craig Menear tries to be on the store floor of a Home Depot almost every week. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. However, these actions were met with backlash from the public. Steve Ballmer: age, children, wife, house, yacht, profiles, net worth in billions, Get the news that matters from one of the leading news sites in South Africa, Mlungu woman nails pantsula dance moves with Converse All Stars in the township, Creative lady transforms shack into beautiful home, shows off incredible style, 6-year-old girl fighting for her life following pit bull attack, doctors say she got 1000 stitches, SA woman with "shwapa" performs Bhebha dance challenge, people praise confident woman in TikTok video, Details into the life of Samantha Speno, Randy Orton's ex-wife. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. You can find out more information about Menear and the work he has put into The Home Depot online. 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! Craig A Menear, Home Depot Inc: Profile and Biography In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Earlier this month, a memo from the office of Florida Gov. window.mc4wp.listeners.push( In 2021, the company had 490,600 employees and more than $151 billion in revenue. 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. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. His skills can be looked up to and learned from. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . Family Life. Both have vocalized consistent support for US President Donald Trump. Craig Menear - Forbes But is Home Depot really a conservative company? Craig A Menear - Add Relationship - LittleSis 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. Home Depot names Ted Decker as new CEO, replacing Craig Menear By clicking Sign up, you agree to receive marketing emails from Insider Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Craig Menear works as a Board Member Craig graduated from Michigan State University's Eli Broad College of Business and They used to work at Camp Southern Ground and have used the following emails: , @homedepot.com. 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. They invested about $11 billion in the improvement of . 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc 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. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. The foundation has nearly doubled its political giving since 2018. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Learn how your comment data is processed. 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. He lives with his wife, and the couple also has two daughters. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. 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 . 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. Others Named Craig Menear. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. 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. A Home Depot store is seen in Washington, DC, on August 18, 2020. 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 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. 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. Success Story of Craig Menear - Career, Life, Spouse & The Home Depot He worked his way through, and in 2007 he was named the Vice President of Merchandising. Check your inbox to be the first to know the hottest news. 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. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. He is replaced by former executive vice president Ted Decker. Linked companies : No connection available. Craig Menear - Wikipedia (function() { We want to hear from you. Palmer's real estate firm G.H. Updated April 6, 2015 6:34 pm ET. Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home 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. [6] He was given $11.5 million in 2016. Home Depot CEO Craig Menear leaves his post | exechange Menear began working at Home Depot in 1997. 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. All Rights Reserved. Public asset : 66,160,504 USD. Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past.
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