Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. The councils seemingly crucial healthcare group, for example, is represented mainly by pharmaceutical companies like Pfizer and Johnson & Johnson and insurance companies such as Aetna and Cigna rather than public health professionals. 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. Account will be deleted and I will shop at Lowes! His father worked as a tool and die maker at General Motors. He became president and COO in October 2020. There's a video about it on MyApron and probably on loop in your break room too. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. At least 25 individuals have made substantial donations in support of Trump. Menear said 98 words. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. 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 more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. 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 . 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. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. You are already subscribed to our newsletter! 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! Follow Craig Menear on LinkedIn to get to know them better. Craig Menear (born c. 1958) is an American business executive. [1] He became executive vice president of merchandising in 2007. Ethics experts say it is certainly not the first time political donors have netted advisory posts. 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. The White House announced the appointment of 220 individuals this week assembled by President Donald Trump to serve on an advisory council to assist the White House coronavirus task force in developing a plan to restart the U.S. economy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Menear began working at Home Depot in 1997. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . . callback: cb In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Prior to that, Menear had been the company's chief executive since 2014. } He serves as the chairman and is the former chief executive officer of The Home Depot. 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. from 1999 to present. Craig Menear tries to be on the store floor of a Home Depot almost every week. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. He worked his way through, and in 2007 he was named the Vice President of Merchandising. In January 2022, The Home Depot announced that he would step . Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. You can help Wikipedia by expanding it. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 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. Frank Blake has been Home Depot's chairman and CEO . Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 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. 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. However, these actions were met with backlash from the public. } The question is not merely academic, as decisions made about the economic future of the country could reflect the interests of those appointed to the council. 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, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Craig was named CEO and president in November 2014 and chairman in February 2015. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. The show airs every weeknight at 11 pm Eastern Time on MSNBC. 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? It [the investment] will also go into our associates in forms of both wage benefits and technology to help them do their job, Menear adds in a brief chat with Bloomberg. "I have tremendous confidence that he will guide our company to new heights.". He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. 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. 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. He is on the Board of Directors at Retail Industry Leaders . That makes up around 9% of the PAC's current cycle to-date disbursements. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 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. Together, they worked on several home improvement projects. Learn how your comment data is processed. The Home Depot on Thursday named a veteran executive as its new CEO. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. "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 . Join the Brooksy Society by subscribing to our Monthly Newsletter! His films have been among the biggest box office hits of all time. In 2007, he was appointed executive vice president of merchandising. Craig Menear is chairman, CEO and president of The Home Depot. "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. 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. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . 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. In 2016, he received $11.5 million. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: 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. Mr . All Rights Reserved. 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. 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. 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. Top editors give you the stories you want delivered right to your inbox each weekday. Linked companies : No connection available. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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. 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. He serves as the chairman and is the former chief executive officer of The Home Depot. 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? Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. [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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Under his leadership, the company continues to . When I joined the company, we were still decentralized, 75% of our goods went direct from the manufacturer to each individual store, and as the business evolved, that supply chain just didnt work anymore; it was really inefficient.. . In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Teddy W Solomon says: April 4, 2021 at 5:19 pm. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. [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 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. 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. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Select this result to view Craig Albert Menear's phone number, address, and more. The company's statement didn't give a reason for Menear's retirement. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. 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. window.mc4wp = window.mc4wp || { Learn More about Craig A. Menear's net worth. 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. . The Home Depot has become a household name in house renovations, all under the leadership of Craig. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: } Has Worked For More Than Just The Home Depot. 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? In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Contribution Totals. Home Depot founders and Republican mega-donors Ken Langone and Bernie Marcus have attracted controversy over their donations to Republican groups and politicians, including US President Donald Trump. 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. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. 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. Larry Page: net worth, age, children, wife, house, education, salary, profiles. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Family Life. 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. [3], Menear was educated at the Flint Central High School, graduating in 1975. They invested about $11 billion in the improvement of . The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. 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. [6] He was given $11.5 million in 2016. Reply. 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! "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. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. })(); 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. Craig Menear is the Chairman of the Board. Craig Menear (born c. 1958) is an American business executive. 6. After completing his university studies, the American businessman got into work at several retailers. Since then, he has become a regular donor to his alma mater throughout the years. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. "It's an example of how writing big checks to the president and a super PAC means that your voice is heard louder than many others, Fischer said. Tune into ABC at 1 p.m. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Like other CEOs, Craig has been vocal about his political stand in the US elections. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. Fostering his own entrepreneurial spirit, as a kid, he set up a neighborhood lawn care business that triumphantly led to him purchasing his first car with personal savings. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. 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. The American businessman has kept much of his personal life out of the spotlight. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Craig Menear is chairman and CEO of The Home Depot, the world's largest home improvement retailer with more than 2,200 stores and 400,000 associates. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year 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. We want to hear from you. Political Action Committee, according to FEC data. 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. He has also served as a Chairman for the company since 2015. 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. Quickly connect with Craig before . 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. Updated April 6, 2015 6:34 pm ET. As a result, The Home Depot sought to distance itself from the statement. Visit lattitude.net now! (function() { Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Craig Menear, chairman, president, and CEO of The Home Depot and alumnus of the Broad College of Business, was the commencement speaker at the spring undergr. 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. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. 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. Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past.