President Trump's 'opening the country' council features several 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. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. I remember that. 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. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 6. 2020 Transaction Count/Amount. forms: { He previously served as chief merchant and executive vice president of merchandising. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Craig Menear Wiki - Age, Wife, Family, & More. Tune into ABC at 1 p.m. 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. 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. 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. This site uses Akismet to reduce spam. We want to hear from you. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. ADVERTISEMENT. 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. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. [2] Succeeding Frank Blake in these roles, Menear has served as its chief executive officer since November 2014,[2] and as its chairman since February 2015. Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom Got a confidential news tip? Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. 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 . In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. 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. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Decker, who has . 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. However, as of 2021, he is 63 years old. Aug. 17, 2021. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. 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%. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think Atlanta, GA, US View. He also explained that Dawn had been a great source of support throughout his career. President Trump's 'opening the country' council features several political donors and supporters . Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Home Depot picks veteran Ted Decker as new CEO | CNN Business Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. 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. 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. Follow Craig Menear on LinkedIn to get to know them better. "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 . He is on the Board of Directors at Retail Industry Leaders . As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. Prior to that, Menear had been the company's chief executive since 2014. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. Adelson did not respond to a request for comment. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Read more here! We will stand up and speak up, hitting Home . Menear began working at Home Depot in 1997. 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. [8], Menear is a donor to his alma mater, Michigan State University. "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 names Ted Decker as new CEO, replacing Craig Menear He serves as the chairman and is the former chief executive officer of The Home Depot. 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. 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? Others Named Craig Menear. Home Depot names longtime executive as new CEO | AP News Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? 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! POLITICAL ACTION COMMITTEE: Craig Menear : r/copypasta - reddit Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. 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. 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. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. There's a video about it on MyApron and probably on loop in your break room too. 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. callback: cb ET and ABC News Live at 4 p.m. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Atlanta-based Home Depot is a major political player in Georgia. 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. Prior to his retirement in November 2011, Mr. Arpey served as Chief Executive Officer of AMR Corporation, a global airline holding company, and its subsidiary American Airlines, from 2003 through November 2011, immediately prior to their voluntary filing for reorganization . Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Select this result to view Craig Albert Menear's phone number, address, and more. Menear was born in Flint, Michigan, USA, in the year 1958. Linked companies : No connection available. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. 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. Decker took over as CEO in March, when Menear stepped down from that role. He lives with his wife, and the couple also has two daughters. Work Biography for Craig Menear. Updated April 6, 2015 6:34 pm ET. 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. The American entrepreneur cannot be contacted directly via his personal details. By DEE-ANN DURBIN January 27, 2022. Learn how your comment data is processed. "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.". 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. From the policy debates to the political fights, today's . [7], In January 2022, The Home Depot announced he would be stepping down as the CEO and President effective March 1, 2022 while continuing to serve as the chairman of the board. 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. Mr . 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. For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. You can help Wikipedia by expanding it. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. 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.. Craig Menear - Address & Phone Number | Whitepages He has had the role of Chief Executive Officer since 2014. 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. The company's statement didn't give a reason for Menear's retirement. Palmer has also been one of Trumps most generous political donors, hosting multiple Trump fundraisers at his luxurious Los Angeles home and giving more than $10 million to the president's various fundraising vehicles, including Trumps presidential campaign, multiple Trump-aligned super PACs, and a legal defense fund set up to help pay legal bills for Trump allies caught up in Special Counsel Robert Mueller's investigation of Russian interference in the 2016 election. 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. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Clearly, he knows his way around technical issues with computers, but there has to be more to, Read More 10 Things You Didnt Know about Leif K-BrooksContinue. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Craig A Menear - Add Relationship - LittleSis Craig Menear Chairman and Chief Executive Officer. Data is a real-time snapshot *Data is delayed at least 15 minutes. Craig Menear (born c. 1958) is an American business executive. That same day, America First Action announced a $26.6 million investment in broadcast television ad buys set to run in the fall in the battleground states, including $18 million in Florida. Author: Lois Furry. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. However, these actions were met with backlash from the public. Craig Menear Wikipedia Republished // WIKI 2 In 2007, he was appointed executive vice president of merchandising. Got a confidential news tip? 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. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . 2. Home Depot Names Ted Decker as CEO - WSJ Starting in 2018, the company began spending $1.2 billion to open about 150 supply chain facilities over five years including giant centers geared toward home professionals. 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. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. 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. 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.. Palmer's real estate firm G.H. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. 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 . Since Targa Resources is a member of the Fortune 500 list, this means that Perkins possesses considerable influence when it comes to the companys specialties, which, Read More 10 Things You Didnt Know about Targa Resources CEO Joe Bob PerkinsContinue, Are you looking to start a fast food restaurant franchise? Many people are familiar with him because of his decade-long stint in the media industry. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. 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. Search. "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. After completing his university studies, the American businessman got into work at several retailers. 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. Has Worked For More Than Just The Home Depot. Trump advisers on reopening economy gave half-billion to Republican Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Home Depot co-founder Bernie Marcus, who retired more than 20 years ago but has given $7 million to super PACs supporting Trump, is listed in the councils retail group alongside Home Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given $2,700 to the Trump campaign, the maximum an individual can give to a campaign per election. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Retail, among the industries hit hardest by the pandemic, received significant representation. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Craig Menear. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. 2023 CNBC LLC. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. That makes up around 9% of the PAC's current cycle to-date disbursements. Craig Menear email address & phone number | Anheuser-Busch InBev Senior 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. 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. About the time off coming up : r/HomeDepot His first job was at Montgomery Ward, a department store chain. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Inside the career of Home Depot CEO Craig Menear - Business Insider 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. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. This article about an American businessperson born in the 1950s is a stub. 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. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Home Depot names company veteran Ted Decker as CEO - CNBC Menear has donated to the Home Depot Political Action Committee over the years. "President Trumps policies built a booming economy and they will do so again.". Donald Trump, left, and his partner, developer Phil Ruffin, speak during an opening ceremony for the Trump International Hotel & Tower Las Vegas, April 11, 2008, in Las Vegas, Nevada. 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?