24/7 coverage of breaking news and live events. Will Record Tuition Deductions Help Private Colleges? His father was a tool and die maker at Flint General Motors. . In total, ABC News identified at least 25 individuals appointed to the advisory council who have made substantial donations to his political campaigns or to outside groups supporting his presidency, raising concerns among prominent ethics watchdogs. "During Ted's tenure as CEO and a member of the board, we have witnessed firsthand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair," Greg Brenneman, the board's lead director, said in a news release. They have also lived in Monrovia, CA and Kingston, TN. 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. 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. Craig brings decades of retail experience from mass, home center, specialty and big box retailing to his role during a time when the retail landscape is rapidly changing. He lives with his wife, and the couple also has two daughters. 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. Decker took over as CEO in . Craig Menear Wiki - Age, Wife, Family, & More. 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. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1.. Frank Blake has been Home Depot's chairman and CEO since 2007, and . However, he could be reached through his work contacts. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. [3], Menear was educated at the Flint Central High School, graduating in 1975. If somebody had said, Okay, Frank, here blank sheet of paper. 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. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. He attended Flint Central High School. 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. [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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Political Campaign Contributions. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Larry Page: net worth, age, children, wife, house, education, salary, profiles. [6] He was given $11.5 million in 2016. For Langone, recent beneficiaries include official Republican Party offices across the United States, as well as big-name Republican members of Congress like Kevin McCarthy and Tom Cotton. 38/$15,620. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. 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 . Like other CEOs, Craig has been vocal about his political stand in the US elections. Like other CEOs, Craig has been vocal about his political stand in the US elections. However, these actions were met with backlash from the public. Retail, among the industries hit hardest by the pandemic, received significant representation. 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. He is on the Board of Directors at Retail Industry Leaders . 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. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Read more about the author Craig Menear at L'ATTITUDE. 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. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. "It's not entirely clear what the parameters were for deciding who is included or not included, but there do seem to be a significant number of Trump donors on this list," Brendan Fischer, a federal reforms director at watchdog group Campaign Legal Center, told ABC News. 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. You can find out more information about Menear and the work he has put into The Home Depot online. Home Depot on Thursday also announced a new $15 billion share-buyback program. He has also served as a Chairman for the company since 2015. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. He also explained that Dawn had been a great source of support throughout his career. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Craig Menear is an inspiration to all the upcoming businesspersons. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. 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! Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . We will stand up and speak up, hitting Home . Transactions of nine hundred dollars or more, which represent around 20% of Home Depots sales in the United States, began stabilizing by the start of 2010. Menear has donated to the Home Depot Political Action Committee over the years. Decker, who has . Atlanta, GA, US View. 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. Atlanta-based Home Depot is a major political player in Georgia. 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. With over 10 years experience he's covered businesses, CEOs, and investments. [1][2], Menear began his career at several retailers. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Its worth noting that while board room deliberations ensued regarding Blakes successor, the companys head of U.S. stores, Marvin Ellison and CFO Carol Tome were also potential contenders for the top spot. 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. 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%. Home Depot is the largest home improvement retailer in the United States. 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. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. While glancing at his 13 years company's stock transaction . Since then, he has become a regular donor to his alma mater throughout the years. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. He serves as the chairman and is the former chief executive officer of The Home Depot. Craig Menear. 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. 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. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. 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. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . 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Updated April 6, 2015 6:34 pm ET. Account will be deleted and I will shop at Lowes! References This . 6. Together, they worked on several home improvement projects. 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. From the policy debates to the political fights, today's . The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. As a staff member, I remember the feeling of getting a note from the vice president of the United States saying nice job on something. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . At least 25 individuals have made substantial donations in support of Trump. Craig Menear is the Chairman of the Board. 2020 Transaction Count/Amount. "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. Monday, January 31, 2022 6:11 AM UTC. })(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. You are already subscribed to our newsletter! 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. 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). Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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. 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 politics. In 2007, he was appointed executive vice president of merchandising. from 1999 to present. Mr . Turn on desktop notifications for breaking stories about interest? Marcus in particular has once again made headlines by vowing to support. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Outgoing CEO Craig Menear will continue to serve as chair of the board. Political Action Committee, the . } "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Contribution Totals. Adelson did not respond to a request for comment. } In November 2014, he became the SEO of the company and has served as its chairman since February 2015. 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. . Thats right. Menear was born in Flint, Michigan, USA, in the year 1958. Mr Menear, getting involved in political statements. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. What are the admission requirements to study medicine at UCT 2022? Menear said 98 words. Craig Menear has created a big name for himself in the business of home improvement. 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. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. 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 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 . Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. ); 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. "President Trumps policies built a booming economy and they will do so again.". When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. As a result, The Home Depot sought to distance itself from the statement. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. 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. 2016 Election Cycle. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. All Rights Reserved. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 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. We need to transform Home Depot to allow customers to shop when, where, and how they want to, Menear said in a 2014 interview at the companys Atlanta headquarters. 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.