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? Home Depot Inc. "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.". Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. But scattered among them are several of Trumps friends, supporters, and political donors. We want to hear from you. 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. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . event : evt, [8], Menear is a donor to his alma mater, Michigan State University. Following his brief stint with the fledgling clothing store, Ellison got named CEO of Lowes, an international home improvement retailer that is largely considered his previous employers most fervent competitor. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. On August 21st of 2014, The Home Depot announced that Craig Menear, then president of U.S. retail, was named CEO and president, effective November 1, 2014. 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. 2. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. "I have tremendous confidence that he will guide our company to new heights.". In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Download all contribution records for this person. If you enjoyed this story on the life of Home Depot CEO Craig Menear, be sure to check out our biography of Lowes CEO Marvin Ellison! By DEE-ANN DURBIN January 27, 2022. "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. 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 . Outgoing CEO Craig Menear will continue to serve as chair of the board. Turn on desktop notifications for breaking stories about interest? That makes a difference, believes Frank Blake. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: Lets get started. Craig Menear has created a big name for himself in the business of home improvement. "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.". In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . All Rights Reserved. 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. 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. Marcus in particular has once again made headlines by vowing to support. Political Action Committee, the . Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. Has Been Known As The Darling Of Wall Street, 7. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year He has also served as a Chairman for the company since 2015. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. Menear has donated to the Home Depot Political Action Committee over the years. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Account will be deleted and I will shop at Lowes! Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Since then, he has become a regular donor to his alma mater throughout the years. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. 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. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . But is Home Depot really a conservative company? 2016 Election Cycle. They have also lived in Monrovia, CA and Kingston, TN. 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. He serves as the chairman and is the former chief executive officer of The Home Depot. 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. But, what does the CEO of home depot make? 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. What are the admission requirements to study medicine at UCT 2022? 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. His father worked as a tool and die maker at General Motors. 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. As a staff member, I remember the feeling of getting a note from the vice president of the United States saying nice job on something. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Craig Menear (born c. 1958) is an American business executive. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Text. And is Lowe's its liberal counterpart? [1][2] His father worked as a tool and die maker for General Motors. 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. Palmer's real estate firm G.H. Enjoy our content? Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. 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 worked his way through, and in 2007 he was named the Vice President of Merchandising. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. Richard Mcvey: age, children, first wife, height, career, profile, worth. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Craig Menear Chairman & Chief Executive Officer. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. They outrank your supervisor. Will Record Tuition Deductions Help Private Colleges? He is one of the legendary news anchors in America today. Frank Blake has been Home Depot's chairman and CEO . Menear began working at Home Depot in 1997. You have to stay focused on the customers needs and when you lose that focus, bad things happen. Hell do an outstanding job leading our company in the years ahead.. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Under his leadership, the company continues to give quality services in supplying tools, construction products. Linked companies : No connection available. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Learn how your comment data is processed. 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. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Craig Menear. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. ET and ABC News Live at 4 p.m. 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.. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. There's a video about it on MyApron and probably on loop in your break room too. I know what that felt like. If you take care of your associates and take care of your customers, everything else takes care of itself., On August 21st of 2014, The Home Depot announced that Craig Menear, then president of U.S. retail, was named CEO and president, effective November 1, 2014. Read more about the author Craig Menear at L'ATTITUDE. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Biography of Craig Menear. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. I remember that. Thats right. 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. Menear has donated to the Home Depot Political Action Committee over the years. Menear has donated to the Home Depot Political Action Committee over the years. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. 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 . All Rights Reserved. Others Named Craig Menear. 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. Retail, among the industries hit hardest by the pandemic, received significant representation. Despite being the older company, the original movers-and-shakers of Lowe's never achieved the same high-profile or politicized status in the business world as their orange-aproned counterparts. Through his able leadership, the company has grown significantly. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Both men are company veterans. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 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. 6. 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. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. "Our founders have not been with The Home Depot for nearly 20 years and they don't speak on behalf of the company," a Home Depot spokesperson told Business Insider. Craig Menear (born c.1958) is an American business executive. Want to connect with other businesses in the Latino community? Get this delivered to your inbox, and more info about our products and services. 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%. He has been ranked 29th in the top 1000 CEOs of private and public companies. People go: Got it. "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. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. 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. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. CEO Craig Menear is also a major Republican donor. In 2016, he received $11.5 million. [2][4][5], Menear joined Home Depot in 1997. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Top editors give you the stories you want delivered right to your inbox each weekday. Connie Snyder: What do you know about Steve Ballmer wife? Together, they worked on several home improvement projects. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. 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. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. from 1999 to present. Garrett by trade is a personal finance freelance writer and journalist. Work Biography for Craig Menear. 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.
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