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. 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. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. callback: cb 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. I remember that. 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? You could say that Menear has had a love for home improvement instilled in his blood from a young age. Get this delivered to your inbox, and more info about our products and services. We will stand up and speak up, hitting Home . Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. Details of his birthday and month are yet to be revealed. He has made the occasional one-off donation to other, largely Republican, candidates and campaigns, including now-Sen. Mitt Romney's presidential run, Jeb Bush, and David Perdue. 2. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. He has had the role of Chief Executive Officer since 2014. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Craig Menear Wiki - Age, Wife, Family, & More. 2016 Election Cycle. Both men are company veterans. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Menear has donated to the Home Depot Political Action Committee over the years. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Decker, who has . In 2007, he gained the title of Vice President of Merchandising for the company, which led to his becoming CEO in the fall of 2014. } The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Lets get started. 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. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. His skills can be looked up to and learned from. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. 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. His first post-grad job was at Montgomery Ward, a department store chain. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Craig Menear (born c.1958) is an American business executive. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. So, while the home improvement giants and the more high-profile founders in the industry may favor Republican candidates at the moment, the partisan donation gap may be starting to balance out. The company's statement didn't give a reason for Menear's retirement. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Text. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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. 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. We want to hear from you. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Of course, its not easy working as the CEO and President of a company, but Craig Menear has surely proven himself in his role these past three years. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. 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. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Changing the basis of, Read More 10 Things You Didnt Know about Mohit KumarContinue, What do you know about the Chief Technical Officer and co-founder of online chat platform Omegle, Leif K-Brooks? [2][4][5], Menear joined Home Depot in 1997. Corporations have also been active political spenders at the state level. 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. 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. Age : 63. 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. "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. 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. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. Menear began working at Home Depot in 1997. 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. Menear has donated to the Home Depot Political Action Committee over the years. 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. 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. 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. (function() { Others Named Craig Menear. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. 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. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. After completing his university studies, the American businessman got into work at several retailers. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. 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. 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. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. "President Trump, who has already brought together the private sector and federal government for unprecedented collaboration during the COVID-19 pandemic, is beginning a dialogue with prominent and successful individuals across multiple industries with different backgrounds and skillsets for the monumental task of re-opening the American economy," Deere wrote. By DEE-ANN DURBIN January 27, 2022. Decker took over as CEO in March, when Menear stepped down from that role. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Got a confidential news tip? Both public and private colleges are competing for a limited number of students. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. 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.. You are already subscribed to our newsletter! In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Work Biography for Craig Menear. Learn how your comment data is processed. His first job was at Montgomery Ward, a department store chain. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. He became president and COO in October 2020. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. 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. 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 . Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. Craig A. Menear: CEO Pay $13,059,751: Median Employee Pay $28,697: CEO Pay Ratio 455:1: Board of Directors in HOME DEPOT INC. For its 2021 fiscal year, HOME DEPOT INC, listed the following board members on its annual proxy statement to the SEC. Enjoy our content? Quickly connect with Craig before . Earlier this month, a memo from the office of Florida Gov. [1][2] His father worked as a tool and die maker for General Motors. 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. Richard Mcvey: age, children, first wife, height, career, profile, worth. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Home Depot has seen tremendous growth during the pandemic, as nesting trends and a strong housing market inspired Americans to invest in their homes or move to bigger places. Craig Menear is the Chairman of the Board. forms: { However, he could be reached through his work contacts. 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. 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. Biography of Craig Menear. Contribution Totals. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. 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. 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. He is one of the legendary news anchors in America today. The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Menear was born c.1958 in Flint, Michigan. Download all contribution records for this person. They invested about $11 billion in the improvement of . In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Decker took over as CEO in March, when Menear stepped down from that role. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. 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. "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.". The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Hell do an outstanding job leading our company in the years ahead.. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Prior to that, Menear had been the company's chief executive since 2014. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . But, what does the CEO of home depot make? He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Recruited from General Electric, Robert Nardelli was CEO of The Home Depot between 2000 and 2007, his tenure at the home improvement giant has since been scrutinized by analysts as far-reaching as the Wharton School of Finance, where one published study argueshe brought the wrong toolbox to the job. Home Depot feels its downstream network consists of four relatively unconnected and independent components, which are store-based delivery, online delivery from direct fulfillment centers (DFC) and vendors, appliance delivery, and Interline brands delivery, explains Forbes. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. 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. Menear has donated to the Home Depot Political Action Committee over the years. Larry Page: net worth, age, children, wife, house, education, salary, profiles. 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. 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. 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. 5. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Sign up for free newsletters and get more CNBC delivered to your inbox. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: Will Record Tuition Deductions Help Private Colleges? . With over 10 years experience he's covered businesses, CEOs, and investments. 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. Turn on desktop notifications for breaking stories about interest? It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. "I have tremendous confidence that he will guide our company to new heights.". Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Menear has been into entrepreneurship from an early age. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Top editors give you the stories you want delivered right to your inbox each weekday. 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. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Get this delivered to your inbox, and more info about our products and services. 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. His triumphs have clearly been shown, as in his three years in the position have led to amazing stock records (as we mentioned before), and the company appears to be doing better than ever while continuing to evolve. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . 38/$15,620.