One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha 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. Mr Menear, getting involved in political statements. Home Depot names company veteran Ted Decker as CEO - CNBC In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 Democrats received 30% of an overall contribution of $1,977,250. He also explained that Dawn had been a great source of support throughout his career. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Craig Menear is chairman, CEO and president of The Home Depot. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. 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 . "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. About the time off coming up : r/HomeDepot Like other CEOs, Craig has been vocal about his political stand in the US elections. Craig Menear Wiki - Age, Wife, Family, & More. You are already subscribed to our newsletter! I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. Mr . [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. Join the Brooksy Society by subscribing to our Monthly Newsletter! Craig Menear (born c. 1958) is an American business executive. [1][2], Menear began his career at several retailers. President Trump's 'opening the country' council features several Still, amidst troubled financial waters, Blake chose to make investments in his operations by continuing to modernize their supply chain, rethinking the role technology could play in their retail strategy, and most importantly, emphasizing the tremendous impact that each hired hand in each store has on Home Depots success. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. 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. 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 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Connie Snyder: What do you know about Steve Ballmer wife? Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year He then worked at Builders Emporium and was also a distribution manager at IKEA. He lives with his wife, and the couple also has two daughters. The Home Depot on Thursday named a veteran executive as its new CEO. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. A Division of NBCUniversal. The company is involved in renovating or making additions to houses. 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. Aug. 17, 2021. 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. 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. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. Of course, eager investors rewarded the stock by skyrocketing its value throughout the nationwide lockdown period to the tune of a record high of $339 per share in May 2021. Others Named Craig Menear. Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. Alma Mater. Menear, 57, has been president of the company's U.S. retail operations since February . The company's statement didn't give a reason for Menear's retirement. He has had the role of Chief Executive Officer since 2014. (function() { 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. 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. Have you ever looked at a company or brand and wondered who runs the show? Retail, among the industries hit hardest by the pandemic, received significant representation. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Sign up for free newsletters and get more CNBC delivered to your inbox. Reply. window.mc4wp = window.mc4wp || { 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. 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. Will Record Tuition Deductions Help Private Colleges? Home Depot CEO Craig Menear's Life and Career - Business Insider In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. 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. 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. Frank Blake has been Home Depot's chairman and CEO . To find out, Business Insider analyzed Federal Election Commission data for Home Depot and Lowe's executives, as well as data from the Center for Responsive Politics. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. Craig Menear, CEO of The Home Depot Wiki: Salary, Net - wikinetworth Learn how your comment data is processed. from 1999 to present. Updated April 6, 2015 6:34 pm ET. Craig Menear. Both have vocalized consistent support for US President Donald Trump. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Craig Menear - L'ATTITUDE "President Trumps policies built a booming economy and they will do so again.". 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. 2023 CNBC LLC. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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! Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Hed get a front-row seat to one of the greatest supply chain overhauls since Amazon began threatening the entire brick and mortar retail business community with speedy home delivery of goods spanning nearly every product category. But scattered among them are several of Trumps friends, supporters, and political donors. Find contact details for 700 million professionals. 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. 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. But, what does the CEO of home depot make? Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Got a confidential news tip? But is Home Depot really a conservative company? 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. 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 . 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. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Prior to that, Menear had been the company's chief executive since 2014. Search. 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. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. However, these actions were met with backlash from the public. He lives with his wife, and the couple also has two daughters. 21 Famous Transformational Leadership Examples Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Craig Menear Chairman & Chief Executive Officer. Craig Menear (born c.1958) is an American business executive. Craig was named CEO and president in November 2014 and chairman in February 2015. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. 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.. 2016 Election Cycle. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Author: Lois Furry. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. Craig Menear : r/copypasta - reddit 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. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Thats right. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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. Learn more about the background of Craig Menear, the highly respected CEO of The Home Depot and his perspective on leadership and the future of business in a. 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. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Stay up to date with what you want to know. Larry Page: net worth, age, children, wife, house, education, salary, profiles. Craig Menear Chairman and Chief Executive Officer. 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. Since then, he has become a regular donor to his alma mater throughout the years. Ethics experts say it is certainly not the first time political donors have netted advisory posts. 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. Political Campaign Contributions. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. They outrank your supervisor. 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. callback: cb { Over the course of five years, the internal funding should spur innovations in everything from store enhancements and new e-commerce solutions to industry-leading delivery options, and a comprehensive ecosystem conducive to professional contractors (Pro). Craig Menear has created a big name for himself in the business of home improvement. These innovations had an immensely positive role on Menears merchandising side of things; think smoother stocking of inventory and more cost-effective operating expenses, which tends to create wiggle room for competitively priced products. 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. You have to stay focused on the customers needs and when you lose that focus, bad things happen. 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. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. 2. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Craig Menear (born c. 1958) is an American business executive. Sign up for notifications from Insider! 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. Corporate Involvement in Politics & Voter Suppression 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. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom 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 . [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. [8], Menear is a donor to his alma mater, Michigan State University. 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 . That makes up around 9% of the PAC's current cycle to-date disbursements. 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. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. However, as of 2021, he is 63 years old. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Visit lattitude.net now! Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. 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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: The idea is to further unlock the interconnected retail vision the company began building many years ago. } In January 2022, The Home Depot announced that he would step . Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Between the day Craig Menear was made chief executive in 2014 and December 2017, The Home Depots single share value increased from roughly $92 to $192, at which point, the company revealed a plan to invest north of $11 billion to position itself as One Home Depot..