Menear was born in Flint, Michigan, USA, in the year 1958. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Download all contribution records for this person. His first post-grad job was at Montgomery Ward, a department store chain. The Home Depot on Thursday named a veteran executive as its new CEO. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Author: Lois Furry. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Follow Craig Menear on LinkedIn to get to know them better. Richard Mcvey: age, children, first wife, height, career, profile, worth. forms: { In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. He is on the Board of Directors at Retail Industry Leaders . Learn More about Craig A. Menear's net worth. "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. 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. Got a confidential news tip? Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. 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. Craig Menear - Chairman, Chief Executive Officer and President. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. window.mc4wp = window.mc4wp || { There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Got a confidential news tip? When I joined the company, we were still decentralized, 75% of our goods went direct from the manufacturer to each individual store, and as the business evolved, that supply chain just didnt work anymore; it was really inefficient.. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. Hell do an outstanding job leading our company in the years ahead.. After completing his university studies, the American businessman got into work at several retailers. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. President Trump's 'opening the country' council features several political donors and supporters . The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. The American entrepreneur cannot be contacted directly via his personal details. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Menear has donated to the Home Depot Political Action Committee over the years. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Stay up to date with what you want to know. Adelson did not respond to a request for comment. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. Menear has donated to the Home Depot Political Action Committee over the years. 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. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. 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. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. 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? He is one of the legendary news anchors in America today. I remember that. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Menear was born c.1958 in Flint, Michigan. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Craig Menear (born c. 1958) is an American business executive. Garrett by trade is a personal finance freelance writer and journalist. 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. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. He serves as the chairman and is the former chief executive officer of The Home Depot. Check your inbox to be the first to know the hottest news. 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. ET and ABC News Live at 4 p.m. During his childhood, he had a lawn care business with which he bought his first car. As a result, The Home Depot sought to distance itself from the statement. 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. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Decker took over as CEO in . 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? Like other CEOs, Craig has been vocal about his political stand in the US elections. Craig Menear is chairman, CEO and president of The Home Depot. 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. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Craig Menear Wiki - Age, Wife, Family, & More. He lives with his wife, and the couple also has two daughters. 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 . Home Depots same-store sales in the U.S., which includes sales online and at stores open for at least 12 months, grew 24.6% in the pandemics first quarter. 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. POLITICAL ACTION COMMITTEE: These innovations had an immensely positive role on Menears merchandising side of things; think smoother stocking of inventory and more cost-effective operating expenses, which tends to create wiggle room for competitively priced products. His films have been among the biggest box office hits of all time. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Outgoing CEO Craig Menear will continue to serve as chair of the board. . Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Menear, 57, has been president of the company's U.S. retail operations since February . 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! Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. 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. 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. 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. He has also served as a Chairman for the company since 2015. 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.. Craig Menear tries to be on the store floor of a Home Depot almost every week. 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. Political Action Committee, according to FEC data. window.mc4wp.listeners.push( 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. 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. 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. Palmer's real estate firm G.H. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. You could say that Menear has had a love for home improvement instilled in his blood from a young age. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Home Depot is the largest home improvement retailer in the United States. 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. His skills can be looked up to and learned from. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. } Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. The American businessman has kept much of his personal life out of the spotlight. [3], Menear was educated at the Flint Central High School, graduating in 1975. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. But how did he come to run the company in the first place? Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. 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. 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. In addition to naming Home Depot CEO Craig Menear to its list, the White House also listed Home Depot co-founders Bernie Marcus and Ken Langone.Both of those billionaires no longer work for the home improvement company, but they are major Republican donors. His father was a tool and die maker at Flint General Motors. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Connie Snyder: What do you know about Steve Ballmer wife? But a modicum of political change may be at hand for both retailers in the coming election cycle. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Larry Page: net worth, age, children, wife, house, education, salary, profiles. 2020 Transaction Count/Amount. In 2016, he received $11.5 million. The Home Depot is doing better than ever in the tool and home improvement industry, and continues to make strides in the ever changing society in which we live. Access your favorite topics in a personalized feed while you're on the go. 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? A Division of NBCUniversal. Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. However, these actions were met with backlash from the public. 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. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Craig is currently on the board of directors of Retail Industry Leaders Association, Atlanta Committee Progress, and 3DE by Junior of Georgia and Camp Southern Ground. 2. Lets get started. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. 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 . In this article, we are going to reveal to you ten things that you may not have known about Menear, and his time on top in The Home Depot company. Reply. Both have vocalized consistent support for US President Donald Trump. He will be replacing Craig Menear, who has been . CEO Craig Menear is also a major Republican donor. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Craig Menear (born c.1958) is an American business executive. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: Aug. 17, 2021. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Quickly connect with Craig before . Linked companies : No connection available. 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. Many people are familiar with him because of his decade-long stint in the media industry. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. At least 25 individuals have made substantial donations in support of Trump. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". He previously served as chief merchant and executive vice president of merchandising. "President Trumps policies built a booming economy and they will do so again.". Mr. Menear owns over 68,468 units of Home Depot stock worth over $75,521,444 and over the last 16 years he sold HD stock worth over $14,995,979. })(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 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. "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.". Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Menear has donated to the Home Depot Political Action Committee over the years. Political Action Committee, the . Atlanta-based Home Depot is a major political player in Georgia. Through his able leadership, the company has grown significantly. "During Ted's tenure as CEO and a member of the board, we have witnessed firsthand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair," Greg Brenneman, the board's lead director, said in a news release. 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. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online.
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