de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: A Division of NBCUniversal. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. 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. 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. He serves as the chairman and is the former chief executive officer of The Home Depot. Prior to that, Menear had been the company's chief executive since 2014. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. Craig Menear has created a big name for himself in the business of home improvement. Lets get started. 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. Download all contribution records for this person. Menear has been into entrepreneurship from an early age. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. 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. But how did he come to run the company in the first place? He became president and COO in October 2020. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Has Been Known As The Darling Of Wall Street, 7. Coca-Cola ultimately issued a carefully worded statement saying that "voting is a foundational right in America" and pledging to "work to advance voting rights and access in Georgia and . Richard Mcvey: age, children, first wife, height, career, profile, worth. As published in the Atlanta Business Chronicle on June 1, 2018In early 2014, three people were in the running to succeed Frank Blake as CEO of The Home Depot Inc. Craig Menear, who eventually . The American entrepreneur cannot be contacted directly via his personal details. 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. So far in 2020, Lowe's' PAC has given a total of $540,500 to politicians, with a breakdown of 30% in contributions to Democratic candidates and 70% in giving to Republican contenders. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. He lives with his wife, and the couple also has two daughters. Mr. Menear owns over 68,468 units of Home Depot stock worth over $71,783,125 and over the last 16 years he sold HD stock worth over $14,995,979. We want to hear from you. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. He serves as the chairman and is the former chief executive officer of The Home Depot. Aug. 17, 2021. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. "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. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Account will be deleted and I will shop at Lowes! 24/7 coverage of breaking news and live events. As a result, The Home Depot sought to distance itself from the statement. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. 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. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. ADVERTISEMENT. But, what does the CEO of home depot make? Not the Craig Menear you were looking for? [6] He was given $11.5 million in 2016. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Home Depot on Thursday also announced a new $15 billion share-buyback program. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Biography of Craig Menear. 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. The company currently has around 2200 stores and 400,000 associates. 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. Garrett by trade is a personal finance freelance writer and journalist. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. With fresher, Read More The Top Five Fast Food Franchises of 2017Continue, Steven Spielberg ranks as one of the most iconic and respected directors in the history of American cinema. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. As the Democratic-leaning holdout of Home Depot's group of founders, Blank has given hundreds of thousands of dollars to Democrats like Hillary Clinton, Chuck Schumer, and Sam Nunn. To a Spreadsheet or Other File Type. Atlanta, GA, US View. At least 25 individuals have made substantial donations in support of Trump. Menear, 57, has been president of the company's U.S. retail operations since February . He has also served as a Chairman for the company since 2015. [1] He became executive vice president of merchandising in 2007. 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. You can help Wikipedia by expanding it. Photo by Patrick James Miller for Fortune The breach was, unquestionably . Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. If somebody had said, Okay, Frank, here blank sheet of paper. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. 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. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. 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. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Briefly.co.za recently published an article about Brian Williams' biography. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Net sales increased 44 percent to $108.5 billion in the first quarter, after already increasing 38 percent to $386.1 billion during the full year of 2020. 2023 CNBC LLC. They have also lived in Monrovia, CA and Kingston, TN. Join the Brooksy Society by subscribing to our Monthly Newsletter! "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.". 2. 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. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Executing a move that initially left some scratching their heads, the board appointed Frank Blake CEO after Nardellis departure, he had come from GE as well, and many feared a catastrophic repeat of the past seven years. Under his leadership, the company continues to . 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. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. 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 some retailers, fewer in-person . There's a video about it on MyApron and probably on loop in your break room too. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. 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. This net worth approximation does not reflect any other investments that Mr. Menear may own. Follow Craig Menear on LinkedIn to get to know them better. He also explained that Dawn had been a great source of support throughout his career. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Menear has donated to the Home Depot Political Action Committee over the years. Tune into ABC at 1 p.m. You are already subscribed to our newsletter! 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.. 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. A Division of NBCUniversal. Menear was born in Flint, Michigan, USA, in the year 1958. 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. 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. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. "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 . Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. He has had the role of Chief Executive Officer since 2014. 2. Excelling academically, Craig Menear finished high school in the spring of 1975 and earned his way into Michigan State Universitys Eli Broad College of Business that next fall semester. 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. His films have been among the biggest box office hits of all time. 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. Want to connect with other businesses in the Latino community? Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. 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. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. 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. "President Trump, who has already brought together the private sector and federal government for unprecedented collaboration during the COVID-19 pandemic, is beginning a dialogue with prominent and successful individuals across multiple industries with different backgrounds and skillsets for the monumental task of re-opening the American economy," Deere wrote. They invested about $11 billion in the improvement of . The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. 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). 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. [2][4][5], Menear joined Home Depot in 1997. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Got a confidential news tip? Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. 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. CEO Craig Menear is also a major Republican donor. (function() { 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. His family also took part in the tool and improvement industry, as his father worked as a tool maker and dye maker for the company General Motors. Craig Menear. Craig Menear (born c. 1958) is an American business executive. 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. 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. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. 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. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. "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. Menear has donated to the Home Depot Political Action Committee over the years. He is one of the legendary news anchors in America today. 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. Stay up to date with what you want to know. He then worked at Builders Emporium and was also a distribution manager at IKEA. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. Craig Menear is an inspiration to all the upcoming businesspersons. You can find out more information about Menear and the work he has put into The Home Depot online. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. [1][2], Menear began his career at several retailers. We want to hear from you. "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.". Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The foundation has nearly doubled its political giving since 2018. 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. In 2007, he was appointed executive vice president of merchandising. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. 2023 CNBC LLC. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. 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. Learn More about Craig A. Menear's net worth. You have to stay focused on the customers needs and when you lose that focus, bad things happen. "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. POLITICAL ACTION COMMITTEE: window.mc4wp.listeners.push( There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. But is Home Depot really a conservative company? 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. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . 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. Outgoing CEO Craig Menear will continue to serve as chair of the board. 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 2021, the company had 490,600 employees and more than $151 billion in revenue. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. 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. "I have tremendous confidence that he will guide our company to new heights.". 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. He is replaced by former executive vice president Ted Decker. Like other CEOs, Craig has been vocal about his political stand in the US elections. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. . He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. So, while the home improvement giants and the more high-profile founders in the industry may favor Republican candidates at the moment, the partisan donation gap may be starting to balance out. Craig Menear Chairman and Chief Executive Officer. Brian is currently a news anchor of The 11th Hour with Brian Williams. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Marcus in particular has once again made headlines by vowing to support. 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. Menear was born c.1958 in Flint, Michigan. To examine the politics of the home improvement sector beyond the issue of politically-polarized founders, Business Insider combed through the FEC records for each company's current leadership team and examined the Center for Responsive Politics' breakdown of each company's in-house PAC for answers. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? 2020 Transaction Count/Amount. You could say that Menear has had a love for home improvement instilled in his blood from a young age. A Home Depot store is seen in Washington, DC, on August 18, 2020. 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. 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. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. "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. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. Craig Menear is the Chairman of the Board. 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. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. } 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.