Craig Menear is an inspiration to all the upcoming businesspersons. His first job was at Montgomery Ward, a department store chain. Text. 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. 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! de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: Has Worked For More Than Just The Home Depot. 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. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. Family Life. Outgoing CEO Craig Menear will continue to serve as chair of the board. 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. Craig Menear in Washington | Photos | Reviews | 18 building permits. With over 10 years experience he's covered businesses, CEOs, and investments. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . CEO Craig Menear is also a major Republican donor. [3], Menear was educated at the Flint Central High School, graduating in 1975. 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). In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Steve Ballmer: age, children, wife, house, yacht, profiles, net worth in billions, Get the news that matters from one of the leading news sites in South Africa, Mlungu woman nails pantsula dance moves with Converse All Stars in the township, Creative lady transforms shack into beautiful home, shows off incredible style, 6-year-old girl fighting for her life following pit bull attack, doctors say she got 1000 stitches, SA woman with "shwapa" performs Bhebha dance challenge, people praise confident woman in TikTok video, Details into the life of Samantha Speno, Randy Orton's ex-wife. 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. 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? Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Decker took over as CEO in March, when Menear stepped down from that role. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. 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. In January 2022, The Home Depot announced that he would step . Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. His first post-grad job was at Montgomery Ward, a department store chain. However, these actions were met with backlash from the public. 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. 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. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Menear has donated to the Home Depot Political Action Committee over the years. Photo by Patrick James Miller for Fortune The breach was, unquestionably . The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. [6] He was given $11.5 million in 2016. The foundation has nearly doubled its political giving since 2018. Learn how your comment data is processed. Home Depot Inc. With fresher, Read More The Top Five Fast Food Franchises of 2017Continue, Steven Spielberg ranks as one of the most iconic and respected directors in the history of American cinema. 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 been ranked 29th in the top 1000 CEOs of private and public companies. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Shares of the company were effectively flat after hours. Aug. 17, 2021. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. 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. The company's statement didn't give a reason for Menear's retirement. From the policy debates to the political fights, today's . Monday, January 31, 2022 6:11 AM UTC. At least 25 individuals have made substantial donations in support of Trump. 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 . 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. Turn on desktop notifications for breaking stories about interest? 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. 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. Age : 63. })(); 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. [2][4][5], Menear joined Home Depot in 1997. A Home Depot store is seen in Washington, DC, on August 18, 2020. Here's a look into Menear's life and career: Source: San Diego Tribune, USA Today, Forbes, Source: Federal Election Committee, CNBC, The Center for Responsive Politics. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Visit lattitude.net now! 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.. [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 the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Updated April 6, 2015 6:34 pm ET. His father worked as a tool and die maker at General Motors. Atlanta, GA, US View. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Craig Menear (born c. 1958) is an American business executive. Enjoy our content? Tune into ABC at 1 p.m. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. 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 . "His ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The Home Depot," Menear said in a news release. 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. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. 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 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. 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. 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. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Craig Menear is the Chairman of the Board. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. For some retailers, fewer in-person . 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. He is on the Board of Directors at Retail Industry Leaders . The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Stay up to date with what you want to know. A Division of NBCUniversal. "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. 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. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. 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. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: People go: Got it. 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. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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. 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. Marcus in particular has once again made headlines by vowing to support. [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. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. "I have tremendous confidence that he will guide our company to new heights.". He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. 2016 Election Cycle. 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. 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. And is Lowe's its liberal counterpart? Home Depot on Thursday also announced a new $15 billion share-buyback program. While glancing at his 13 years company's stock transaction . As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. That makes a difference, believes Frank Blake. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. "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 . 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. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. Menear has donated to the Home Depot Political Action Committee over the years. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Decker, who has . Prior to that, Menear had been the company's chief executive since 2014. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 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. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. 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. The American businessman has kept much of his personal life out of the spotlight. Like other CEOs, Craig has been vocal about his political stand in the US elections. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. He serves as the chairman and is the former chief executive officer of The Home Depot. You can find out more information about Menear and the work he has put into The Home Depot online. Craig Menear Chairman & Chief Executive Officer. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. [8], Menear is a donor to his alma mater, Michigan State University. "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. Biography of Craig Menear. 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. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. . Have you ever looked at a company or brand and wondered who runs the show? A Division of NBCUniversal. Craig Menear tries to be on the store floor of a Home Depot almost every week. Both men are company veterans. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. } That makes up around 9% of the PAC's current cycle to-date disbursements. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. 2. 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. Menear began working at Home Depot in 1997. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. 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. . Craig Menear has created a big name for himself in the business of home improvement.