For some retailers, fewer in-person . He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. 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. 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. Prior to that, Menear had been the company's chief executive since 2014. Linked companies : No connection available. Even as the pandemic took hold shortly thereafter, demand for construction-type products actually soared due to homeowners being quarantined inside all day long with not much to do but pursue do-it-yourself projects around their household. Sign up for free newsletters and get more CNBC delivered to your inbox. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. But scattered among them are several of Trumps friends, supporters, and political donors. 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 has donated to the Home Depot Political Action Committee over the years. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Craig Menear Political Contributions in 2020. event : evt, Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. This net worth approximation does not reflect any other investments that Mr. Menear may own. 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. 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. There's a video about it on MyApron and probably on loop in your break room too. [1][2] His father worked as a tool and die maker for General Motors. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. We want to hear from you. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Through his able leadership, the company has grown significantly. Craig Menear. This site uses Akismet to reduce spam. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. All Rights Reserved. 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. The Home Depot on Thursday named a veteran executive as its new CEO. Craig was named CEO and president in November 2014 and chairman in February 2015. 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. 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. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Age : 63. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. 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. 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. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. 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. forms: { 5. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. 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. 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. 6. . 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 . There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Marcus in particular has once again made headlines by vowing to support. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Transactions of nine hundred dollars or more, which represent around 20% of Home Depots sales in the United States, began stabilizing by the start of 2010. Tune into ABC at 1 p.m. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. [1][2], Menear began his career at several retailers. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Menear has been into entrepreneurship from an early age. Craig Menear is an inspiration to all the upcoming businesspersons. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. 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 . Political Campaign Contributions. He is replaced by former executive vice president Ted Decker. 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. 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. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: from 1999 to present. His father worked as a tool and die maker at General Motors. 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. 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. The Home Depot is doing better than ever in the tool and home improvement industry, and continues to make strides in the ever changing society in which we live. 2020 Transaction Count/Amount. Craig Menear has created a big name for himself in the business of home improvement. 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 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Larry Page: net worth, age, children, wife, house, education, salary, profiles. 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? 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. Outgoing CEO Craig Menear will continue to serve as chair of the board. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. All Rights Reserved. He then worked at Builders Emporium and was also a distribution manager at IKEA. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Prior to his retirement in November 2011, Mr. Arpey served as Chief Executive Officer of AMR Corporation, a global airline holding company, and its subsidiary American Airlines, from 2003 through November 2011, immediately prior to their voluntary filing for reorganization . Home Depots same-store sales in the U.S., which includes sales online and at stores open for at least 12 months, grew 24.6% in the pandemics first quarter. 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. As published in the Atlanta Business Chronicle on June 1, 2018In early 2014, three people were in the running to succeed Frank Blake as CEO of The Home Depot Inc. Craig Menear, who eventually . U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . He is on the Board of Directors at Retail Industry Leaders . 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. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. 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 . Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Learn how your comment data is processed. Search. 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. After completing his university studies, the American businessman got into work at several retailers. Both men are company veterans. He has also served as a Chairman for the company since 2015. Following his brief stint with the fledgling clothing store, Ellison got named CEO of Lowes, an international home improvement retailer that is largely considered his previous employers most fervent competitor. Have you ever looked at a company or brand and wondered who runs the show? Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. You can help Wikipedia by expanding it. [1] He became executive vice president of merchandising in 2007. By clicking Sign up, you agree to receive marketing emails from Insider Richard Mcvey: age, children, first wife, height, career, profile, worth. Menear was born and raised in Flint, Michigan to his family back in 1958. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. 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? "I have tremendous confidence that he will guide our company to new heights.". And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . 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. 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. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. 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. Reply. 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). He attended Flint Central High School. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Craig Menear. His first job was at Montgomery Ward, a department store chain. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans.
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