The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. 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%. Menear has donated to the Home Depot Political Action Committee over the years. "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. Both have vocalized consistent support for US President Donald Trump. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. 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He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Mr Menear, getting involved in political statements. 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. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Ethics experts say it is certainly not the first time political donors have netted advisory posts. 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. Through his knowledge of restructuring the company for ultimate profitability, the company has exceeded many expectations, and should continue to do so throughout the coming years as well. Brian is currently a news anchor of The 11th Hour with Brian Williams. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. 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? In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. 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. 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. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Holifields team then proceeded to engineer and execute on the companys supply chain transformation, adding a network of eighteen Rapid Deployment Centers to supply stores with unprecedented efficiency. This net worth approximation does not reflect any other investments that Mr. Menear may own. 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. The American businessman has kept much of his personal life out of the spotlight. Reply. 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. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Many people are familiar with him because of his decade-long stint in the media industry. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Craig Menear Chairman & Chief Executive Officer. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Got a confidential news tip? You can help Wikipedia by expanding it. Craig Menear Political Contributions in 2020. Menear has donated to the Home Depot Political Action Committee over the years. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. For some retailers, fewer in-person . [6] He was given $11.5 million in 2016. Got a confidential news tip? 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 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. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. 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.. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. [8], Menear is a donor to his alma mater, Michigan State University. POLITICAL ACTION COMMITTEE: He attended Flint Central High School. His first post-grad job was at Montgomery Ward, a department store chain. 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.. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. He is replaced by former executive vice president Ted Decker. Rapidly putting his know-how to work, the young man from Flint climbed his way up from divisional merchandise manager for the southwest division to senior vice president of merchandising for hardlines by 2003. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. "Were happy to give input and ideas on the roadmap for reopening the economy, the statement reads, and were also doing this through Craigs participation with other organizations such as the Business Roundtable.". Menear has donated to the Home Depot Political Action Committee over the years. A Division of NBCUniversal. 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. But, what does the CEO of home depot make? He became president and COO in October 2020. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Like other CEOs, Craig has been vocal about his political stand in the US elections. Public asset : 66,160,504 USD. } Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. 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. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 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 resides near The Home Depot headquarters, which are located in Atlanta, Georgia. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. 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. He also explained that Dawn had been a great source of support throughout his career. However, as of 2021, he is 63 years old. While Lowe's lacks a set of high-profile, long-retired Republican mega-donor founders to match those at Home Depot, differences between the two companies' political contribution strategies are thinner that a skim coating of paint. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Among other initiatives, they plan on adding 170 distribution facilities across America to reach 90% of the U.S. population in one day or less, moreover, another goal is to open hubs that will consolidate the freight for dispatch on to final-mile delivery vehicles appliances for Interline MRO, Pro, and do it yourself (DIY) hobbyists delivery from DFCs, vendors, and stores, in about 100 locations. Access your favorite topics in a personalized feed while you're on the go. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. Hell do an outstanding job leading our company in the years ahead.. But is Home Depot really a conservative company? He replaces former CEO Craig Menear, who will retire as chair Sept. 30. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. 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. By DEE-ANN DURBIN January 27, 2022. At least 25 individuals have made substantial donations in support of Trump. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. 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. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. That makes a difference, believes Frank Blake. 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. You are already subscribed to our newsletter! 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. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. I remember that. He has also served as a Chairman for the company since 2015. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. 2020 Transaction Count/Amount. Atlanta-based Home Depot is a major political player in Georgia. Select this result to view Craig Albert Menear's phone number, address, and more. According to the Center for Responsive Politics, the Arthur M. Blank Foundation has only given $283 to Democratic candidates in 2020 so far, and zero dollars to Republicans. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Contribution Totals. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. Read more here! Sites and apps where to download Afrikaans movies, Top facts: The biggest dams in South Africa, Video of Zamani Mbatha apologising to Snikiwe Mhlongo after cheating scandal goes viral on social media, Who is Kim Fields's dad Erv Hurd? 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. 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. Stay up to date with what you want to know. Craig Menear (born c. 1958) is an American business executive. He serves as the chairman and is the former chief executive officer of The Home Depot. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. } By clicking Sign up, you agree to receive marketing emails from Insider To a Spreadsheet or Other File Type. 38/$15,620. Aug. 17, 2021. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Craig Menear. We just went back to some foundational statements from [founders] Bernie Marcus and Arthur Blank in terms of our company values and what we stand for. Monday, January 31, 2022 6:11 AM UTC. Want to connect with other businesses in the Latino community? 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. The Home Depot has become a household name in house renovations, all under the leadership of Craig. 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 . The Hispanic and Latino community are a huge clientele and work force of Home Depot, affording Home Depot in reaching the pinnacle of a successful corporation. His father was a tool and die maker at Flint General Motors. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. The Home Depot has become one of the more successful home improvement companies that Craig Menear has earned himself the 29th spot on the list of the top 1000 CEOs of private and public companies. The show airs every weeknight at 11 pm Eastern Time on MSNBC. That makes up around 9% of the PAC's current cycle to-date disbursements. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . All Rights Reserved. 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.. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. He has had the role of Chief Executive Officer since 2014. After completing his university studies, the American businessman got into work at several retailers. 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. Quickly connect with Craig before . Home Depot Inc. Enjoy our content? The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Home Depot is the largest home improvement retailer in the United States. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. 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. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Craig Menear has been climbing the ladder at Home Depot for years and not one of the orange metal ones that employees use to grab products off high shelves. Menear has donated to the Home Depot Political Action Committee over the years. 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. Alma Mater. "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 . If somebody had said, Okay, Frank, here blank sheet of paper. Political Action Committee, according to FEC data. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. He will be replacing Craig Menear, who has been . Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Text. He has been ranked 29th in the top 1000 CEOs of private and public companies. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency.
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