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Craig Menear - Chairman, Chief Executive Officer and President. Visit lattitude.net now! Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. In their personal contributions, Home Depot executives have favored many of the same conservative politicians as Menear, although a number of figures from the company's leadership team have supported liberal politicians like Hillary Clinton. Menear has donated to the Home Depot Political Action Committee over the years. Tell Wealthy Corporations to Stop Bankrolling the Republicans Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. References This . Access your favorite topics in a personalized feed while you're on the go. (function() { 2. 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. Has Been Known As The Darling Of Wall Street, 7. callback: cb They invested about $11 billion in the improvement of . He became president and COO in October 2020. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. You can help Wikipedia by expanding it. 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. To a Spreadsheet or Other File Type. Corporations have also been active political spenders at the state level. 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. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 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. Political Action Committee, according to FEC data. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Craig Menear - Biography - MarketScreener.com JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Under his leadership, the company continues to . Craig is currently on the board of directors of Retail Industry Leaders Association, Atlanta Committee Progress, and 3DE by Junior of Georgia and Camp Southern Ground. Tune into ABC at 1 p.m. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Get this delivered to your inbox, and more info about our products and services. You can find out more information about Menear and the work he has put into The Home Depot online. His father worked as a tool and die maker at General Motors. Inside the career of Home Depot CEO Craig Menear - Business Insider The company is involved in renovating or making additions to houses. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Menear, 57, has been president of the company's U.S. retail operations since February . Menear began working at Home Depot in 1997. Political Action Committee, the . CEO Craig Menear is also a major Republican donor. 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. Both have vocalized consistent support for US President Donald Trump. 2. They all have backlogs. In order to best position themselves for this rush in Pro sales, Craig Menear and company have continued streamlining their delivery process, outfitting it to handle larger orders,while also ensuring they have stocked up on as much inventory as possible. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. The American entrepreneur cannot be contacted directly via his personal details. 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. The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha 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: Home Depot Up until about 2013, Home Depot was an excellent place to drive over and grab what you needed for your special project. The American businessman has kept much of his personal life out of the spotlight. He also explained that Dawn had been a great source of support throughout his career. Craig Menear is an inspiration to all the upcoming businesspersons. 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. 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. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. After graduating from MSU, Menear began his career at the modest, now-defunct retailer, Montgomery Ward; which was a pioneering mail order and department store retailer that operated between 1872 and 2001. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Briefly.co.za recently published an article about Brian Williams' biography. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. 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). Home Depot names Ted Decker as new CEO, replacing Craig Menear Menear has been into entrepreneurship from an early age. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Mr . 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. Home Depot names company veteran Ted Decker as CEO - CNBC Craig Menear Chairman & Chief Executive Officer. Menear has donated to the Home Depot Political Action Committee over the years. He has been ranked 29th in the top 1000 CEOs of private and public companies. listeners: [], Sign up for free newsletters and get more CNBC delivered to your inbox. 2023 CNBC LLC. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Like other CEOs, Craig has been vocal about his political stand in the US elections. 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. Both public and private colleges are competing for a limited number of students. Age : 63. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. Craig Menear politics. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. 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. 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. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. 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. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. However, these actions were met with backlash from the public. He will be replacing Craig Menear, who has been . [1] He became executive vice president of merchandising in 2007. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. Craig Menear is chairman, CEO and president of The Home Depot. 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. ); Craig Menear Political Contributions in 2020. He attended Flint Central High School. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. However, he could be reached through his work contacts. Craig Menear - RILA Both men are company veterans. . Decker, who has . Donald Trump, left, and his partner, developer Phil Ruffin, speak during an opening ceremony for the Trump International Hotel & Tower Las Vegas, April 11, 2008, in Las Vegas, Nevada. Since then, he has become a regular donor to his alma mater throughout the years. By clicking Sign up, you agree to receive marketing emails from Insider Account will be deleted and I will shop at Lowes! Monday, January 31, 2022 6:11 AM UTC. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Stay up to date with what you want to know. Home Depot co-founder Bernie Marcus, who retired more than 20 years ago but has given $7 million to super PACs supporting Trump, is listed in the councils retail group alongside Home Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given $2,700 to the Trump campaign, the maximum an individual can give to a campaign per election. Through his able leadership, the company has grown significantly. 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. Home Depot Punished Worker for Black Lives Matter Logo, Labor Board Decker took over as CEO in . Decker took over as CEO in March, when Menear stepped down from that role. 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. President Trump's 'opening the country' council features several The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Home Depot is the largest home improvement retailer in the United States. 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. Give Me an H: Chairman and CEO Craig Menear's Passion for Retail Starts 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. "Our founders have not been with The Home Depot for nearly 20 years and they don't speak on behalf of the company," a Home Depot spokesperson told Business Insider. 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. Many people are familiar with him because of his decade-long stint in the media industry. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. 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? 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The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot's (HD) CEO Craig Menear Hosts 2018 Annual Shareholder Family Life. By DEE-ANN DURBIN January 27, 2022. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 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. Sign up for notifications from Insider! Menear has donated to the Home Depot Political Action Committee over the years. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. 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 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. 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. Craig Menear (born c. 1958) is an American business executive. The Home Depot - Wikipedia But Id say, the most important thing, that weve found spans across generations, is: people want to understand the strategy of your company, they want to understand how they fit in that, and how they contribute to that.. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. His skills can be looked up to and learned from. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation.
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