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. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. 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. All Rights Reserved. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. callback: cb All Rights Reserved. Menear was born in Flint, Michigan, USA, in the year 1958. The Home Depot on Thursday named a veteran executive as its new CEO. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Mr . Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. 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. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Download all contribution records for this person. 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. So far in 2020, Lowe's' PAC has given a total of $540,500 to politicians, with a breakdown of 30% in contributions to Democratic candidates and 70% in giving to Republican contenders. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Turn on desktop notifications for breaking stories about interest? Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. ET and ABC News Live at 4 p.m. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. They invested about $11 billion in the improvement of . On 1 June 2016, Home Depot co-founder Bernie Marcus published an essay on the web site Real Clear Politics in which he announced that he was endorsing GOP candidate Donald Trump for President of . They outrank your supervisor. 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 replaces former CEO Craig Menear, who will retire as chair Sept. 30. Home Depot on Thursday also announced a new $15 billion share-buyback program. 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. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 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. The idea is to further unlock the interconnected retail vision the company began building many years ago. 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. "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. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Sign up for notifications from Insider! I remember that. 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. 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. 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. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. 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 . Palmer's real estate firm G.H. 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. After completing his university studies, the American businessman got into work at several retailers. The company's statement didn't give a reason for Menear's retirement. He lives with his wife, and the couple also has two daughters. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in 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. 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. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Details of his birthday and month are yet to be revealed. You can find out more information about Menear and the work he has put into The Home Depot online. Home Depot Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. Get this delivered to your inbox, and more info about our products and services. 38/$15,620. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). "As a long-time Home Depot veteran, Craig lives our . In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 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.. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. window.mc4wp = window.mc4wp || { Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Sign up for free newsletters and get more CNBC delivered to your inbox. Briefly.co.za recently published an article about Brian Williams' biography. Not the Craig Menear you were looking for? Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Craig Menear Wiki - Age, Wife, Family, & More. Home Depots stock value dropped 8% by the time Nardelli was exiled by the companys board in 2007, for comparison, during that time, Lowes shares soared some 180%. He also explained that Dawn had been a great source of support throughout his career. Decker took over as CEO in March, when Menear stepped down from that role. Political Action Committee, the . This article about an American businessperson born in the 1950s is a stub. His triumphs have clearly been shown, as in his three years in the position have led to amazing stock records (as we mentioned before), and the company appears to be doing better than ever while continuing to evolve. 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 . In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Have you ever looked at a company or brand and wondered who runs the show? 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. In 2021, the company had 490,600 employees and more than $151 billion in revenue. 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. You have to stay focused on the customers needs and when you lose that focus, bad things happen. 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. Home Depot Inc. said Craig Menear, who took over as chief executive in November, received total compensation last year that was valued at $10.2 million. Richard Mcvey: age, children, first wife, height, career, profile, worth. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. CEO Craig Menear is also a major Republican donor. 2. 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. 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. 2023 CNBC LLC. Country of residence : Unknown. } 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. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Craig Menear (born c. 1958) is an American business executive. 5. Marcus in particular has once again made headlines by vowing to support. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Under his leadership, the company continues to give quality services in supplying tools, construction products. Menear was born c.1958 in Flint, Michigan. [3], Menear was educated at the Flint Central High School, graduating in 1975. } In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Has Been Known As The Darling Of Wall Street, 7. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. The company currently has around 2200 stores and 400,000 associates. 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. "I have tremendous confidence that he will guide our company to new heights.". Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. } Alma Mater. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. 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. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 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. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. 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. 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.
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