Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Corporations have also been active political spenders at the state level. Political Action Committee, according to FEC data. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Stay up to date with what you want to know. 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. You can help Wikipedia by expanding it. Reply. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Menear has donated to the Home Depot Political Action Committee over the years. Download all contribution records for this person. Check your inbox to be the first to know the hottest news. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. Family Life. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. There's a video about it on MyApron and probably on loop in your break room too. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . He is replaced by former executive vice president Ted Decker. Aug. 17, 2021. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . They outrank your supervisor. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. [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. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Ron DeSantis, a close ally of the president, declared "employees at a professional sports (league) and media production with a national audience" part of "essential workers" in Florida, allowing McMahon's pro-wrestling company to continue live television broadcasts from its Orlando training facility, while most businesses in Florida had been ordered to shut to help fight the spread of the coronavirus. 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. You could say that Menear has had a love for home improvement instilled in his blood from a young age. 38/$15,620. The Home Depot on Thursday named a veteran executive as its new CEO. 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! But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. 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. But, what does the CEO of home depot make? In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. You can find out more information about Menear and the work he has put into The Home Depot online. Changing the basis of, Read More 10 Things You Didnt Know about Mohit KumarContinue, What do you know about the Chief Technical Officer and co-founder of online chat platform Omegle, Leif K-Brooks? Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. 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. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear is an inspiration to all the upcoming businesspersons. 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. Has Worked For More Than Just The Home Depot. "As a 22-year associate of The Home Depot, Ted . 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. Photo by Patrick James Miller for Fortune The breach was, unquestionably . callback: cb "As a long-time Home Depot veteran, Craig lives our . Following his departure from that initial outfit, he took on roles among numerous home improvement retail companies (each notably vying in the field of do-it-yourself projects), such as Grace Home Centers, Builders Emporium, and IKEA, at one point, he was a distribution manager for the latter. For some retailers, fewer in-person . We want to hear from you. Has Been Known As The Darling Of Wall Street, 7. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Both public and private colleges are competing for a limited number of students. Under his leadership, the company continues to . Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Linked companies : No connection available. Like other CEOs, Craig has been vocal about his political stand in the US elections. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Menear, 57, has been president of the company's U.S. retail operations since February . In November 2014, he became the SEO of the company and has served as its chairman since February 2015. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. { He became president and COO in October 2020. 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. Quickly connect with Craig before . In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Recruited from General Electric, Robert Nardelli was CEO of The Home Depot between 2000 and 2007, his tenure at the home improvement giant has since been scrutinized by analysts as far-reaching as the Wharton School of Finance, where one published study argueshe brought the wrong toolbox to the job. This net worth approximation does not reflect any other investments that Mr. Menear may own. 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. 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. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. But a modicum of political change may be at hand for both retailers in the coming election cycle. . "Craig Menear's Home Depot: The Darling Of Wall Street", "Craig Menear, Flint native, named Home Depot CEO", "Inside the career of Home Depot CEO Craig Menear, who spent nearly 20 years working his way up the ladder", "Company Overview of The Home Depot, Inc.: Craig A. Menear", "Home Depot nails 2016 but CEO's pay drops slightly, to $11.5 million", "Why Home Depot CEO Craig Menear Is The Retailer Of The Year", https://en.wikipedia.org/w/index.php?title=Craig_Menear&oldid=1107007407, This page was last edited on 27 August 2022, at 16:50. 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. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Menear has donated to the Home Depot Political Action Committee over the years. However, these actions were met with backlash from the public. They invested about $11 billion in the improvement of . [2][4][5], Menear joined Home Depot in 1997. The company is involved in renovating or making additions to houses. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. 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. 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 . 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. And is Lowe's its liberal counterpart? 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. Craig Menear (born c. 1958) is an American business executive. But simply examining large donations from retired founders does not lead to a complete or accurate picture of either Home Depot or Lowe's' political leanings. 2016 Election Cycle. He serves as the chairman and is the former chief executive officer of The Home Depot. Teddy W Solomon says: April 4, 2021 at 5:19 pm. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: 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. For more information on making a gift to the Broad College of Business, contact Senior Director of Development Vivian Leung at leungv@msu.edu or call (517) 355-8504. It became apparent this rebuild was reaching for the long-term as the great recession took hold, plunging the companys net income to $756 million in the three months ended Nov. 2, 2008, down 30.7% from $1.1 billion in the same period a year before. With the exception of Ellison, the top brass at both home improvement giants largely favor donating to their employer's designated PAC, as well as the occasional specific politician or campaign. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 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. Country of residence : Unknown. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Menear has donated to the Home Depot Political Action Committee over the years. 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). 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. People go: Got it. Retail, among the industries hit hardest by the pandemic, received significant representation. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. But how did he come to run the company in the first place? While glancing at his 13 years company's stock transaction . The company currently has around 2200 stores and 400,000 associates. That makes a difference, believes Frank Blake. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Decker took over as CEO in . How it started and how to protect yourself: Tracking the spread in the US and Worldwide. Find contact details for 700 million professionals. event : evt, 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. 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. Access your favorite topics in a personalized feed while you're on the go. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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. Have you ever looked at a company or brand and wondered who runs the show? 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. 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. Many people are familiar with him because of his decade-long stint in the media industry. [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. Both have vocalized consistent support for US President Donald Trump. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. 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. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Data is a real-time snapshot *Data is delayed at least 15 minutes. The Home Depot, Inc. (NYSE:NYSE:HD) Alliance Bernstein 37th Annual Strategic Decisions Conference June 3, 2021 1:30 PM ETCompany ParticipantsCraig Menear - Chairman and Chief Executive. 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 (born c. 1958) is an American business executive. I remember that. [8], Menear is a donor to his alma mater, Michigan State University. window.mc4wp = window.mc4wp || { Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. 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. In January 2022, The Home Depot announced that he would step . 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? Learn More about Craig A. Menear's net worth. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Through his able leadership, the company has grown significantly. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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. 5. 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. 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. The idea is to further unlock the interconnected retail vision the company began building many years ago. 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. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. . Follow Craig Menear on LinkedIn to get to know them better. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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. Craig Menear has created a big name for himself in the business of home improvement. [1][2], Menear began his career at several retailers. Visit lattitude.net now! 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. Decker, who has . Menear said 98 words. He serves as the chairman and is the former chief executive officer of The Home Depot. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? 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. The Center for Responsive Politics found that in the year 2020, donations in the retail sphere have been more even across the political spectrum than usual. 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.