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2023 CNBC LLC. 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. 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 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. 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. 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. 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. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. 2. You can help Wikipedia by expanding it. He is replaced by former executive vice president Ted Decker. Visit lattitude.net now! Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. In 2007, he was appointed executive vice president of merchandising. 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%. [6] He was given $11.5 million in 2016. The American entrepreneur cannot be contacted directly via his personal details. 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 . 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. 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. Aug. 17, 2021. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. 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). "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. At least 25 individuals have made substantial donations in support of Trump. 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. They invested about $11 billion in the improvement of . Richard Mcvey: age, children, first wife, height, career, profile, worth. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. And is Lowe's its liberal counterpart? The company is involved in renovating or making additions to houses. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. But scattered among them are several of Trumps friends, supporters, and political donors. On 1 June 2016, Home Depot co-founder Bernie Marcus published an essay on the web site Real Clear Politics in which he announced that he was endorsing GOP candidate Donald Trump for President of . By DEE-ANN DURBIN January 27, 2022. Craig Menear tries to be on the store floor of a Home Depot almost every week. Together, they worked on several home improvement projects. He has also served as a Chairman for the company since 2015. Like other CEOs, Craig has been vocal about his political stand in the US elections. Earlier this month, a memo from the office of Florida Gov. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. "As a 22-year associate of The Home Depot, Ted . 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. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. 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. 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.. as well as other partner offers and accept our, A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge, Before that, he worked at Montgomery Ward and. 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. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. 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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. However, these actions were met with backlash from the public. Home Depot is the largest home improvement retailer in the United States. 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. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. [8], Menear is a donor to his alma mater, Michigan State University. 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. We lost that focus in the mid-2000s and candidly, we blew one of the biggest housing booms this country has ever seen in the 2004, 2005, 2006 era.. 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. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. Craig Menear - Chairman, Chief Executive Officer and President. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Many people are familiar with him because of his decade-long stint in the media industry. In 2021, the company had 490,600 employees and more than $151 billion in revenue. ); Decker took over as CEO in March, when Menear stepped down from that role. 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! POLITICAL ACTION COMMITTEE: Both men are company veterans. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. 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. President Trump's 'opening the country' council features several political donors and supporters . Access your favorite topics in a personalized feed while you're on the go. He attended Flint Central High School. Decker, who has . 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. This article about an American businessperson born in the 1950s is a stub. He is on the Board of Directors at Retail Industry Leaders . The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. You could say that Menear has had a love for home improvement instilled in his blood from a young age. Download all contribution records for this person. 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. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. 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. In his role as a news anchor, he has covered more than 300 hours of live, breaking news coverage, including the 2016 presidential campaign and events around the world. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Before making his way to The Home Depot, he worked for other independent construction retailers, and other companies (such as Ikea), where he learned the ropes in terms of online sales, marketing, and other business assets. CEO Craig Menear is also a major Republican donor. There's a video about it on MyApron and probably on loop in your break room too. 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. ET and ABC News Live at 4 p.m. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. People go: Got it. 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. 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. 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. His films have been among the biggest box office hits of all time. Craig Menear, chairman, president, and CEO of The Home Depot and alumnus of the Broad College of Business, was the commencement speaker at the spring undergr. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Atlanta-based Home Depot is a major political player in Georgia. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Others in the loop would argue the contrary, that executives werent informed enough on the competition, given Lowes stellar rise; the one thing folks seem to universally agree about regarding this period in Home Depots history is its disheartening impact on all involved parties. He worked his way through, and in 2007 he was named the Vice President of Merchandising. He serves as the chairman and is the former chief executive officer of The Home Depot. Read more here! In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Menear has donated to the Home Depot Political Action Committee over the years. However, as of 2021, he is 63 years old. Alma Mater. 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. Menear was born c.1958 in Flint, Michigan. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. References This . His father was a tool and die maker at Flint General Motors. 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 and its PACs are major donors to Republicans, both nationally and in Georgia. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Country of residence : Unknown. That makes a difference, believes Frank Blake. 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. Contribution Totals. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. 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 . Craig Menear. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Outgoing CEO Craig Menear will continue to serve as chair of the board. } Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Text. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Age : 63. 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. 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. Work Biography for Craig Menear. Fostering his own entrepreneurial spirit, as a kid, he set up a neighborhood lawn care business that triumphantly led to him purchasing his first car with personal savings. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. . Sign up for notifications from Insider! 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. Menear, 57, has been president of the company's U.S. retail operations since February . NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Has Worked For More Than Just The Home Depot. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. 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. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles.