Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . 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! In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Photo by Patrick James Miller for Fortune The breach was, unquestionably . "Craig Menear's Home Depot: The Darling Of Wall Street", "Craig Menear, Flint native, named Home Depot CEO", "Inside the career of Home Depot CEO Craig Menear, who spent nearly 20 years working his way up the ladder", "Company Overview of The Home Depot, Inc.: Craig A. Menear", "Home Depot nails 2016 but CEO's pay drops slightly, to $11.5 million", "Why Home Depot CEO Craig Menear Is The Retailer Of The Year", https://en.wikipedia.org/w/index.php?title=Craig_Menear&oldid=1107007407, This page was last edited on 27 August 2022, at 16:50. I remember that. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. 6. Craig Menear in Washington | Photos | Reviews | 18 building permits. [6] He was given $11.5 million in 2016. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Connie Snyder: What do you know about Steve Ballmer wife? However, he could be reached through his work contacts. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. This net worth approximation does not reflect any other investments that Mr. Menear may own. Country of residence : Unknown. Following his departure from that initial outfit, he took on roles among numerous home improvement retail companies (each notably vying in the field of do-it-yourself projects), such as Grace Home Centers, Builders Emporium, and IKEA, at one point, he was a distribution manager for the latter. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 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. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Menear began working at Home Depot in 1997. 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. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. Craig Menear Chairman & Chief Executive Officer. Richard Mcvey: age, children, first wife, height, career, profile, worth. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. 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. 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. 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. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. "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. 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. A Division of NBCUniversal. Others in the loop would argue the contrary, that executives werent informed enough on the competition, given Lowes stellar rise; the one thing folks seem to universally agree about regarding this period in Home Depots history is its disheartening impact on all involved parties. 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. Craig was named CEO and president in November 2014 and chairman in February 2015. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. 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? Dealing a further blow to internal morale, he also increased the number of less knowledgeable part-time workers at Home Depots stores, which left full-time employees fuming and led to a diminishment of customer service, one of the companys strengths, recounted Barry Henderson, an equities expert at T. Rowe Price. Quickly connect with Craig before . Access your favorite topics in a personalized feed while you're on the go. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Craig Menear is the Chairman of the Board. Monday, January 31, 2022 6:11 AM UTC. Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. What are the admission requirements to study medicine at UCT 2022? NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Read more here! Political Campaign Contributions. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ET and ABC News Live at 4 p.m. (function() { If somebody had said, Okay, Frank, here blank sheet of paper. Menear has donated to the Home Depot Political Action Committee over the years. "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 . His own father was a tool and die maker that worked at GM for forty-one years, and on the few off days to be had, the working-class man often recruited the help of his son for strenuous home improvement projects; perhaps Craig enjoyed these early boyhood do-it-yourself construction tasks, considering the billion-dollar company hed ultimately helm. But scattered among them are several of Trumps friends, supporters, and political donors. . To find out, Business Insider analyzed Federal Election Commission data for Home Depot and Lowe's executives, as well as data from the Center for Responsive Politics. 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. . Atlanta, GA, US View. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. Enjoy our content? Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. 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? Of course, its not easy working as the CEO and President of a company, but Craig Menear has surely proven himself in his role these past three years. Both men are company veterans. Palmer has also been one of Trumps most generous political donors, hosting multiple Trump fundraisers at his luxurious Los Angeles home and giving more than $10 million to the president's various fundraising vehicles, including Trumps presidential campaign, multiple Trump-aligned super PACs, and a legal defense fund set up to help pay legal bills for Trump allies caught up in Special Counsel Robert Mueller's investigation of Russian interference in the 2016 election. Data is a real-time snapshot *Data is delayed at least 15 minutes. . Atlanta-based Home Depot is a major political player in Georgia. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . His father worked as a tool and die maker at General Motors. With this being said, his executive staff has dedicated a lot of time, energy, and effort to making sure they are clearly communicating their approach, strategy, and how each team member has a profound impact on achieving The Home Depots outlined goals. Hell do an outstanding job leading our company in the years ahead.. 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. window.mc4wp = window.mc4wp || { In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. His first job was at Montgomery Ward, a department store chain. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . 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.. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Menear, 57, has been president of the company's U.S. retail operations since February . 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. He is on the Board of Directors at Retail Industry Leaders . We want to hear from you. 2. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. "It's bizarre to me that there's nobody representing public health," Virginia Canter, chief ethics counsel at Washington-based advocacy group Citizens for Responsibility and Ethics in Washington, told ABC News. Craig Menear has created a big name for himself in the business of home improvement. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Sign up for free newsletters and get more CNBC delivered to your inbox. But, what does the CEO of home depot make? Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. The show airs every weeknight at 11 pm Eastern Time on MSNBC. 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. 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 . The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. 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. But a modicum of political change may be at hand for both retailers in the coming election cycle. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Got a confidential news tip? 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. 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. He is replaced by former executive vice president Ted Decker. 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. Home Depot is the largest home improvement retailer in the United States. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. Got a confidential news tip? })(); 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. The foundation has nearly doubled its political giving since 2018. 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. Craig Menear tries to be on the store floor of a Home Depot almost every week. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. "President Trumps policies built a booming economy and they will do so again.". 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. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. } We want to hear from you. "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". } Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. 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? ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. The American entrepreneur cannot be contacted directly via his personal details. They outrank your supervisor. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago.