For some retailers, fewer in-person . [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. However, these actions were met with backlash from the public. 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. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. "As a long-time Home Depot veteran, Craig lives our . Connie Snyder: What do you know about Steve Ballmer wife? window.mc4wp = window.mc4wp || { In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. . He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Both men are company veterans. 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. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Photo by Patrick James Miller for Fortune The breach was, unquestionably . In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. People go: Got it. 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 . Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. He is one of the legendary news anchors in America today. Turn on desktop notifications for breaking stories about interest? [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. The idea is to further unlock the interconnected retail vision the company began building many years ago. Briefly.co.za recently published an article about Brian Williams' biography. 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? 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. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. 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. 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. 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. Visit lattitude.net now! Select this result to view Craig Albert Menear's phone number, address, and more. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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 actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Read more about the author Craig Menear at L'ATTITUDE. 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. Learn More about Craig A. Menear's net worth. 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. That makes a difference, believes Frank Blake. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Menear has been into entrepreneurship from an early age. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. However, he could be reached through his work contacts. Like other CEOs, Craig has been vocal about his political stand in the US elections. They invested about $11 billion in the improvement of . He attended Flint Central High School. Shares of the company were effectively flat after hours. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. [1][2] His father worked as a tool and die maker for General Motors. 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 . Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. He is on the Board of Directors at Retail Industry Leaders . He will be replacing Craig Menear, who has been . By clicking Sign up, you agree to receive marketing emails 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. We want to hear from you. Linked companies : No connection available. 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. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. 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. 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. Public asset : 66,160,504 USD. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Menear has donated to the Home Depot Political Action Committee over the years. 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 Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Will Record Tuition Deductions Help Private Colleges? 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. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. To a Spreadsheet or Other File Type. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. 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. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. 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. Outgoing CEO Craig Menear will continue to serve as chair of the board. 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. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Palmer's real estate firm G.H. 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. Together, they worked on several home improvement projects. In 2007, he was appointed executive vice president of merchandising. Menear began working at Home Depot in 1997. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . "I have tremendous confidence that he will guide our company to new heights.". Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. 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. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. His first job was at Montgomery Ward, a department store chain. Corporations have also been active political spenders at the state level. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. That makes up around 9% of the PAC's current cycle to-date disbursements. His father worked as a tool and die maker at General Motors. 38/$15,620. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. from 1999 to present. In January 2022, The Home Depot announced that he would step . Has Worked For More Than Just The Home Depot. Both public and private colleges are competing for a limited number of students. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. As a result, The Home Depot sought to distance itself from the statement. 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. Larry Page: net worth, age, children, wife, house, education, salary, profiles. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Craig Menear has created a big name for himself in the business of home improvement. "President Trumps policies built a booming economy and they will do so again.". 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 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 (born c. 1958) is an American business executive. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. CEO Craig Menear is also a major Republican donor. 2016 Election Cycle. 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. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. They outrank your supervisor. 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. He previously served as chief merchant and executive vice president of merchandising. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. But scattered among them are several of Trumps friends, supporters, and political donors. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. ADVERTISEMENT. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Earlier this month, a memo from the office of Florida Gov. . References This . Menear has donated to the Home Depot Political Action Committee over the years. 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. In 2021, the company had 490,600 employees and more than $151 billion in revenue. His family also took part in the tool and improvement industry, as his father worked as a tool maker and dye maker for the company General Motors. Got a confidential news tip? Aug. 17, 2021. I know what that felt like. If you take care of your associates and take care of your customers, everything else takes care of itself., 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. Menear has donated to the Home Depot Political Action Committee over the years. 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. [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. 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. Under his leadership, the company continues to . Menear has donated to the Home Depot Political Action Committee over the years. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. In 2016, he received $11.5 million. 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. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Craig Menear (born c. 1958) is an American business executive. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. There's a video about it on MyApron and probably on loop in your break room too. "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 . Craig Menear Chairman and Chief Executive Officer. 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 . 5. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Logistics is huge, and if you step back to just twelve years ago, our business has changed pretty dramatically [since then], he explained at a 2018 Michigan leadership summit. 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.