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. Home Depot Co-Founder Endorses Donald Trump | Snopes.com The second best result is Craig Allen Menear age 40s in Valparaiso, IN. 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? 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. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. "I have tremendous confidence that he will guide our company to new heights.". Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. 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. 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. A Division of NBCUniversal. Home Depot on Thursday also announced a new $15 billion share-buyback program. In addition to naming Home Depot CEO Craig Menear to its list, the White House also listed Home Depot co-founders Bernie Marcus and Ken Langone.Both of those billionaires no longer work for the home improvement company, but they are major Republican donors. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Got a confidential news tip? "As a long-time Home Depot veteran, Craig lives our . 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. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Contribution Totals. Boycott Home Depot (Co-founder supports Trump) | MoveOn In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Political Action Committee, according to FEC data. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. . The White House announced the appointment of 220 individuals this week assembled by President Donald Trump to serve on an advisory council to assist the White House coronavirus task force in developing a plan to restart the U.S. economy. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Craig Menear has been climbing the ladder at Home Depot for years and not one of the orange metal ones that employees use to grab products off high shelves. Craig Menear - L'ATTITUDE HOME DEPOT INC Executive Salaries & Other Compensation - Salary.com And is Lowe's its liberal counterpart? Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. 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. Enjoy our content? 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. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Craig Menear politics. Success Story of Craig Menear - Career, Life, Spouse & The Home Depot (function() { [1][2] His father worked as a tool and die maker for General Motors. Home Depot CEO Craig Menear leaves his post | exechange 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. It became apparent this rebuild was reaching for the long-term as the great recession took hold, plunging the companys net income to $756 million in the three months ended Nov. 2, 2008, down 30.7% from $1.1 billion in the same period a year before. Age : 63. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". The idea is to further unlock the interconnected retail vision the company began building many years ago. 10 Things You Didnt Know about Targa Resources CEO Joe Bob Perkins, The Top Five Fast Food Franchises of 2017, The 10 Highest Grossing Films Directed by Steven Spielberg, 10 Things You Didnt Know about Mohit Kumar, 10 Things You Didnt Know about Leif K-Brooks, How Ali Wong Achieved a Net Worth of $3 Million, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe. 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. Has Been Known As The Darling Of Wall Street, 7. 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 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Connie Snyder: What do you know about Steve Ballmer wife? Lets get started. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. 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. He serves as the chairman and is the former chief executive officer of The Home Depot. 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 will become Home Depot CEO - SFGATE Throughout the most recent years, it has shown greatly that The Home Depot has some of the best records when it comes to the stock market, and it is all thanks to the leadership of Mr. Craig Menear. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. 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. Under his leadership, the company continues to give quality services in supplying tools, construction products. } As Craig Menear put it: that was a significant improvement compared to double-digit declines in previous quarters in 2009. He attributed the improvement to consumers snapping up values in Home Depots appliances, water heaters, and windows categories. Craig Menear (born c.1958) is an American business executive. Text. Bernie M. The company's statement didn't give a reason for Menear's retirement. Stay up to date with what you want to know. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. Home Depot picks veteran Ted Decker as new CEO | CNN Business As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Menear was born and raised in Flint, Michigan to his family back in 1958. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. But scattered among them are several of Trumps friends, supporters, and political donors. But is Home Depot really a conservative company? 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. 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. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. 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. For some retailers, fewer in-person . Menear has donated to the Home Depot Political Action Committee over the years. 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 . 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. 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. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. 2023 CNBC LLC. Earlier this month, a memo from the office of Florida Gov. POLITICAL ACTION COMMITTEE: He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. 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. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. People like Geoffrey Palmer, a colorful California real estate developer who plays professional polo and owns multimillion-dollar mansions in Beverly Hills, Malibu and Aspen, will join the councils "Construction/Labor/Workforce" group, alongside leaders from major unions, including AFL-CIO, International Brotherhood of Teamsters, and Laborers International Union of North America. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. 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. At least 25 individuals have made substantial donations in support of Trump. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. I remember that. Aug. 17, 2021. You could say that Menear has had a love for home improvement instilled in his blood from a young age. Craig Menear Wiki - Age, Wife, Family, & More. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. He will be replacing Craig Menear, who has been . Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. With over 10 years experience he's covered businesses, CEOs, and investments. Craig Menear Chairman & Chief Executive Officer. What are the admission requirements to study medicine at UCT 2022? In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 Democrats received 30% of an overall contribution of $1,977,250. 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. 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? Under his leadership, the company continues to . 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. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past. What do you think about the CEO of Home Depot donating all his - Quora The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. 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. 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. Shares of the company were effectively flat after hours. Together, they worked on several home improvement projects. 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. 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. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. 21 Famous Transformational Leadership Examples Adelson did not respond to a request for comment. This site uses Akismet to reduce spam. 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 took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. Home Depot is the largest home improvement retailer in the United States. 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. President Trump's 'opening the country' council features several Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. People go: Got it. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Craig Menear - Chairman, CEO and President - CrunchBase Retail, among the industries hit hardest by the pandemic, received significant representation. forms: { He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Inside the career of Home Depot CEO Craig Menear, who has worked at the Craig Menear : r/copypasta - reddit Search. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls Mr . } The list features prominent leaders from a range of major industries, from real estate to finance to sports. He became president and COO in October 2020. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. His skills can be looked up to and learned from. Home Depot CEO Craig Menear's Life and Career - Business Insider 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. The company is involved in renovating or making additions to houses. Inside the career of Home Depot CEO Craig Menear, who has worked at the Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Menear began working at Home Depot in 1997. If somebody had said, Okay, Frank, here blank sheet of paper. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Tell Wealthy Corporations to Stop Bankrolling the Republicans 2. ET and ABC News Live at 4 p.m. "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. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. Home Depot names Craig Menear new CEO starting Nov. 1 "President Trumps policies built a booming economy and they will do so again.". Home Depot Names Ted Decker as CEO - WSJ Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. 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. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. References This . "President Trump, who has already brought together the private sector and federal government for unprecedented collaboration during the COVID-19 pandemic, is beginning a dialogue with prominent and successful individuals across multiple industries with different backgrounds and skillsets for the monumental task of re-opening the American economy," Deere wrote. But simply examining large donations from retired founders does not lead to a complete or accurate picture of either Home Depot or Lowe's' political leanings. Craig Menear - Chairman, Chief Executive Officer and President. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. 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. 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.