Craig Menear - Address & Phone Number | Whitepages Adelson did not respond to a request for comment. Got a confidential news tip? Success Story of Craig Menear - Career, Life, Spouse & The Home Depot Text. 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. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. window.mc4wp.listeners.push( Inside the career of Home Depot CEO Craig Menear, who has worked at the He has had the role of Chief Executive Officer since 2014. Garrett by trade is a personal finance freelance writer and journalist. Hell do an outstanding job leading our company in the years ahead.. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Home Depot names company veteran Ted Decker as CEO - CNBC 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. [1] He became executive vice president of merchandising in 2007. You have to stay focused on the customers needs and when you lose that focus, bad things happen. Have you ever looked at a company or brand and wondered who runs the show? Craig Menear Net Worth (2023) | wallmine Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. Craig Menear Net Worth, Biography, and Insider Trading Public asset : 66,160,504 USD. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Work Biography for Craig Menear. Home Depot names Craig Menear new CEO starting Nov. 1 Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Home Depot names longtime executive as new CEO | AP News listeners: [], Craig Menear tries to be on the store floor of a Home Depot almost every week. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Craig Menear Net Worth (2023) | wallmine Home Depot forced a worker to quit after he wore a slogan supporting the Black Lives Matter movement on his apron, and it threatened to punish other employees who tried to bring . 2. 2016 Election Cycle. 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. The company's statement didn't give a reason for Menear's retirement. Craig Menear - L'ATTITUDE 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. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Since then, he has become a regular donor to his alma mater throughout the years. 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 - Wikiwand The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. "President Trumps policies built a booming economy and they will do so again.". Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). 2020 Transaction Count/Amount. Even as the pandemic took hold shortly thereafter, demand for construction-type products actually soared due to homeowners being quarantined inside all day long with not much to do but pursue do-it-yourself projects around their household. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. } "As a long-time Home Depot veteran, Craig lives our . 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. A Division of NBCUniversal. Home Depot picks veteran Ted Decker as new CEO | CNN Business The Home Depot - Wikipedia He then worked at Builders Emporium and was also a distribution manager at IKEA. { But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls 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. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. 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 Menear - Chairman, Chief Executive Officer and President. 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. Craig Menear politics. Thats right. Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney Larry Page: net worth, age, children, wife, house, education, salary, profiles. He will be replacing Craig Menear, who has been . With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. 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. 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. He became president and COO in October 2020. The councils seemingly crucial healthcare group, for example, is represented mainly by pharmaceutical companies like Pfizer and Johnson & Johnson and insurance companies such as Aetna and Cigna rather than public health professionals. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. He serves as the chairman and is the former chief executive officer of The Home Depot. Marcus in particular has once again made headlines by vowing to support. "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. To a Spreadsheet or Other File Type. 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. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates, according to the Center for Open Politics. [1][2] His father worked as a tool and die maker for General Motors. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Enjoy our content? Menear has donated to the Home Depot Political Action Committee over the years. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. People go: Got it. Decker took over as CEO in March, when Menear stepped down from that role. Craig Menear (born c. 1958) is an American business executive. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Get this delivered to your inbox, and more info about our products and services. Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year [8], Menear is a donor to his alma mater, Michigan State University. He has also served as a Chairman for the company since 2015. All Rights Reserved. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. He lives with his wife, and the couple also has two daughters. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. This net worth approximation does not reflect any other investments that Mr. Menear may own. Craig Menear - Biography - MarketScreener.com Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. 24/7 coverage of breaking news and live events. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. Craig Menear (born c. 1958) is an American business executive. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Craig Menear will become Home Depot CEO - SFGATE In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. Age : 63. 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. His first post-grad job was at Montgomery Ward, a department store chain. 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. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. POLITICAL ACTION COMMITTEE: Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Tell Wealthy Corporations to Stop Bankrolling the Republicans 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. That makes up around 9% of the PAC's current cycle to-date disbursements. Updated April 6, 2015 6:34 pm ET. A Division of NBCUniversal. Craig A Menear - Add Relationship - LittleSis The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. 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. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. Craig Menear. He serves as the chairman and is the former chief executive officer of The Home Depot. Home Depot CEO Craig Menear's Life and Career - Business Insider Political Action Committee, the . 5. 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. His father was a tool and die maker at Flint General Motors. Craig Menear Wiki - Age, Wife, Family, & More. Decker took over as CEO in . In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. The company currently has around 2200 stores and 400,000 associates. President Trump's 'opening the country' council features several political donors and supporters . READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Through his able leadership, the company has grown significantly. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. callback: cb 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.. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. Craig Menear is chairman, CEO and president of The Home Depot. Craig Menear Political Contributions in 2020. The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. The company is involved in renovating or making additions to houses. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. He is on the Board of Directors at Retail Industry Leaders . The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Home Depot Inc. . Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Throughout the most recent years, it has shown greatly that The Home Depot has some of the best records when it comes to the stock market, and it is all thanks to the leadership of Mr. Craig Menear. Shares of the company were effectively flat after hours. That makes a difference, believes Frank Blake. The Home Depot on Thursday named a veteran executive as its new CEO. Account will be deleted and I will shop at Lowes! Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . Visit lattitude.net now! He is replaced by former executive vice president Ted Decker. Has Worked For More Than Just The Home Depot. Quickly connect with Craig before . Menear was born in Flint, Michigan, USA, in the year 1958. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. With this being said, his executive staff has dedicated a lot of time, energy, and effort to making sure they are clearly communicating their approach, strategy, and how each team member has a profound impact on achieving The Home Depots outlined goals. 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. Top editors give you the stories you want delivered right to your inbox each weekday. The Home Depot has become a household name in house renovations, all under the leadership of Craig. Boycott Home Depot (Co-founder supports Trump) | MoveOn 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. Bernie M. Decker took over as CEO in March, when Menear stepped down from that role. Search. World Wrestling Entertainment Vince McMahon, the husband of major Trump donor and fundraiser Linda McMahon, is also listed as a member under the sports group. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. 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. 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. Menear has donated to the Home Depot Political Action Committee over the years. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. "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 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. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. 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. Under his leadership, the company continues to . 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. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Retail, among the industries hit hardest by the pandemic, received significant representation. Follow Craig Menear on LinkedIn to get to know them better. 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. Craig Menear email address & phone number | Anheuser-Busch InBev Senior "I have tremendous confidence that he will guide our company to new heights.". 2. 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. Want to connect with other businesses in the Latino community? Family Life. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. [1][2], Menear began his career at several retailers. 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. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. 21 Famous Transformational Leadership Examples There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. "As a 22-year associate of The Home Depot, Ted . 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. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Corporations have also been active political spenders at the state level. 6. Has Been Known As The Darling Of Wall Street, 7. Connie Snyder: What do you know about Steve Ballmer wife? [2][4][5], Menear joined Home Depot in 1997. 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. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. 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. There's a video about it on MyApron and probably on loop in your break room too. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Menear was born and raised in Flint, Michigan to his family back in 1958. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Inside the career of Home Depot CEO Craig Menear - Business Insider Turn on desktop notifications for breaking stories about interest? 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! The American businessman has kept much of his personal life out of the spotlight. By DEE-ANN DURBIN January 27, 2022. Craig A Menear, Home Depot Inc: Profile and Biography The American entrepreneur cannot be contacted directly via his personal details. With over 10 years experience he's covered businesses, CEOs, and investments. 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. Craig Menear replacing Frank Blake as Home Depot CEO - ajc 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. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. 2023 CNBC LLC. Craig Menear - Chairman, CEO and President - CrunchBase In January 2022, The Home Depot announced that he would step . Craig Menear and two executive VPs explain that you can use these hours as you see fit, whether now, or later (summertime beach season for me), or not at all & get paid out for them at the end of the year. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 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