2016 Election Cycle. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home He serves as the chairman and is the former chief executive officer of The Home Depot. Aug. 17, 2021. Palmer's real estate firm G.H. Sign up for free newsletters and get more CNBC delivered to your inbox. Frank Blake has been Home Depot's chairman and CEO . Under his leadership, the company continues to . [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. Home Depot Inc. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. If somebody had said, Okay, Frank, here blank sheet of paper. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Before making his way to The Home Depot, he worked for other independent construction retailers, and other companies (such as Ikea), where he learned the ropes in terms of online sales, marketing, and other business assets. Craig Menear - Wikiwand But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. 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. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. on: function(evt, cb) { Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Craig Menear Wiki - Age, Wife, Family, & More. 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. Together, they worked on several home improvement projects. . Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom Sign up for notifications from Insider! The American businessman has kept much of his personal life out of the spotlight. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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 . "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Craig Menear Wikipedia Republished // WIKI 2 "President Trumps policies built a booming economy and they will do so again.". Craig Menear (born c.1958) is an American business executive. Marcus in particular has once again made headlines by vowing to support. 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. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). On Sundays, the Fortune 500 corporations new chief executive hand-wrote thank-you cards to employees, a meaningful gesture he learned from President George H. W. Bush while serving as deputy general counsel from 1981-1983, during his vice presidency years. Rapidly putting his know-how to work, the young man from Flint climbed his way up from divisional merchandise manager for the southwest division to senior vice president of merchandising for hardlines by 2003. [3], Menear was educated at the Flint Central High School, graduating in 1975. Alma Mater. How Home Depot CEO Frank Blake kept his legacy from being hacked Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. He previously served as chief merchant and executive vice president of merchandising. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Thats right. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Has Worked For More Than Just The Home Depot. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven 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. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. 6. Don't Compete with Inevitable Craig Menear, CEO Home Depot In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. But is Home Depot really a conservative company? Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Craig Menear will become Home Depot CEO - SFGATE CEO Craig Menear is also a major Republican donor. . 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. (function() { You have to stay focused on the customers needs and when you lose that focus, bad things happen. Menear said 98 words. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. He has been ranked 29th in the top 1000 CEOs of private and public companies. People go: Got it. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Home Depot CEO Craig Menear: People focus makes the difference in 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. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. However, as of 2021, he is 63 years old. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. [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. 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 . Richard Mcvey: age, children, first wife, height, career, profile, worth. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. 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. 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. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Turn on desktop notifications for breaking stories about interest? His first job was at Montgomery Ward, a department store chain. 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. Menear began working at Home Depot in 1997. With over 10 years experience he's covered businesses, CEOs, and investments. 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Menear has been into entrepreneurship from an early age. POLITICAL ACTION COMMITTEE: Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Craig Menear's email & phone | 's Board Member contact info - Datanyze We want to hear from you. 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. } 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. The company's statement didn't give a reason for Menear's retirement. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. In 2007, he gained the title of Vice President of Merchandising for the company, which led to his becoming CEO in the fall of 2014. Political Action Committee, the . Menear was born and raised in Flint, Michigan to his family back in 1958. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. The company currently has around 2200 stores and 400,000 associates. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. In his role as a news anchor, he has covered more than 300 hours of live, breaking news coverage, including the 2016 presidential campaign and events around the world. I know what that felt like. If you take care of your associates and take care of your customers, everything else takes care of itself., 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. Updated April 6, 2015 6:34 pm ET. Home Depot CEO - Craig Menear (Age 63) - ListOfCEO Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Access your favorite topics in a personalized feed while you're on the go. Craig Menear Net Worth (2023) | wallmine 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. Learn More about Craig A. Menear's net worth. Get this delivered to your inbox, and more info about our products and services. . Craig Menear is chairman, CEO and president of The Home Depot. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. He will be replacing Craig Menear, who has been . 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. In 2021, the company had 490,600 employees and more than $151 billion in revenue. [8], Menear is a donor to his alma mater, Michigan State University. Decker took over as CEO in March, when Menear stepped down from that role. 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. 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. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Political Campaign Contributions. He has also served as a Chairman for the company since 2015. Home Depot CEO Craig Menear's Life and Career - Business Insider Have you ever looked at a company or brand and wondered who runs the show? "As a 22-year associate of The Home Depot, Ted . 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 . listeners: [], We lost that focus in the mid-2000s and candidly, we blew one of the biggest housing booms this country has ever seen in the 2004, 2005, 2006 era.. Home Depot Punished Worker for Black Lives Matter Logo, Labor Board 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. { 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. But a modicum of political change may be at hand for both retailers in the coming election cycle. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Contribution Totals. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. Hed get a front-row seat to one of the greatest supply chain overhauls since Amazon began threatening the entire brick and mortar retail business community with speedy home delivery of goods spanning nearly every product category. He has had the role of Chief Executive Officer since 2014. 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. Craig Menear Chairman and Chief Executive Officer. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. [1][2], Menear began his career at several retailers. 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. Home Depot has seen tremendous growth during the pandemic, as nesting trends and a strong housing market inspired Americans to invest in their homes or move to bigger places. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. The idea is to further unlock the interconnected retail vision the company began building many years ago. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Home Depot Co-Founder Endorses Donald Trump | Snopes.com 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. 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. Craig A Menear, Home Depot Inc: Profile and Biography In January 2022, The Home Depot announced that he would step . I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. 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. By DEE-ANN DURBIN January 27, 2022. Teddy W Solomon says: April 4, 2021 at 5:19 pm. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Net sales increased 44 percent to $108.5 billion in the first quarter, after already increasing 38 percent to $386.1 billion during the full year of 2020. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . We will stand up and speak up, hitting Home . 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. Give Me an H: Chairman and CEO Craig Menear's Passion for Retail Starts The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. } 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?
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