Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Briefly.co.za recently published an article about Brian Williams' biography. This site uses Akismet to reduce spam. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. 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. 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. Prior to that, Menear had been the company's chief executive since 2014. 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 Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. 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. 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. 2023 CNBC LLC. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. 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 . 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. Got a confidential news tip? The American businessman has kept much of his personal life out of the spotlight. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. 2. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . 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 . Text. 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. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. 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. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. 38/$15,620. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. With over 10 years experience he's covered businesses, CEOs, and investments. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Richard Mcvey: age, children, first wife, height, career, profile, worth. Ethics experts say it is certainly not the first time political donors have netted advisory posts. Mr . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Craig Menear Chairman and Chief Executive Officer. From the policy debates to the political fights, today's . He replaces former CEO Craig Menear, who will retire as chair Sept. 30. })(); 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. } on: function(evt, cb) { 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. In 2007, he was appointed executive vice president of merchandising. 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.. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. Get this delivered to your inbox, and more info about our products and services. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 2016 Election Cycle. 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. 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. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Family Life. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. He serves as the chairman and is the former chief executive officer of The Home Depot. He became president and COO in October 2020. But a modicum of political change may be at hand for both retailers in the coming election cycle. 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. If somebody had said, Okay, Frank, here blank sheet of paper. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. 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. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Atlanta-based Home Depot is a major political player in Georgia. Public asset : 66,160,504 USD. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Hell do an outstanding job leading our company in the years ahead.. [3], Menear was educated at the Flint Central High School, graduating in 1975. 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. He is one of the legendary news anchors in America today. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Menear said 98 words. 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. 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. Author: Lois Furry. 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. Thats right. Retail, among the industries hit hardest by the pandemic, received significant representation. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. He lives with his wife, and the couple also has two daughters. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. Holifields team then proceeded to engineer and execute on the companys supply chain transformation, adding a network of eighteen Rapid Deployment Centers to supply stores with unprecedented efficiency. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Both have vocalized consistent support for US President Donald Trump. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. "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. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. "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. Sign up for notifications from Insider! 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. Access your favorite topics in a personalized feed while you're on the go. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. { Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. 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 . Garrett by trade is a personal finance freelance writer and journalist. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Craig Menear has created a big name for himself in the business of home improvement. Teddy W Solomon says: April 4, 2021 at 5:19 pm. Political Action Committee, the . Decker began as a director of business valuation and served as executive vice president of merchandising before being named chief operating officer and president in October 2020. You are already subscribed to our newsletter! When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. 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. At least 25 individuals have made substantial donations in support of Trump. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. "During Ted's tenure as CEO and a member of the board, we have witnessed firsthand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair," Greg Brenneman, the board's lead director, said in a news release. Enjoy our content? During his childhood, he had a lawn care business with which he bought his first car. His films have been among the biggest box office hits of all time. Learn More about Craig A. Menear's net worth. Tune into ABC at 1 p.m. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: 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. Biography of Craig Menear. Both men are company veterans. "Were happy to give input and ideas on the roadmap for reopening the economy, the statement reads, and were also doing this through Craigs participation with other organizations such as the Business Roundtable.". Menear has donated to the Home Depot Political Action Committee over the years. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. But how did he come to run the company in the first place? "I have tremendous confidence that he will guide our company to new heights.". He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Home Depot is the largest home improvement retailer in the United States. event : evt, Linked companies : No connection available. 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. Both public and private colleges are competing for a limited number of students. "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. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Find contact details for 700 million professionals. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Craig Menear is an inspiration to all the upcoming businesspersons. Decker took over as CEO in . That makes up around 9% of the PAC's current cycle to-date disbursements. window.mc4wp = window.mc4wp || { Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. He has also served as a Chairman for the company since 2015. 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. Read more about the author Craig Menear at L'ATTITUDE. 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. Many people are familiar with him because of his decade-long stint in the media industry. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. 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. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. We need to transform Home Depot to allow customers to shop when, where, and how they want to, Menear said in a 2014 interview at the companys Atlanta headquarters. Turn on desktop notifications for breaking stories about interest? But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. [2][4][5], Menear joined Home Depot in 1997. 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! As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. His family also took part in the tool and improvement industry, as his father worked as a tool maker and dye maker for the company General Motors. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. He attended Flint Central High School. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Craig Menear politics. He is replaced by former executive vice president Ted Decker. 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. [1][2] His father worked as a tool and die maker for General Motors. That makes a difference, believes Frank Blake. Will Record Tuition Deductions Help Private Colleges? Aug. 17, 2021. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Select this result to view Craig Albert Menear's phone number, address, and more. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Craig Menear in Washington | Photos | Reviews | 18 building permits. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Home Depot forced a worker to quit after he wore a slogan supporting the Black Lives Matter movement on his apron, and it threatened to punish other employees who tried to bring . 2020 Transaction Count/Amount. 6. Download all contribution records for this person. Executing a move that initially left some scratching their heads, the board appointed Frank Blake CEO after Nardellis departure, he had come from GE as well, and many feared a catastrophic repeat of the past seven years. 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. Alma Mater. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. 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. 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. Want to connect with other businesses in the Latino community? 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. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. 5. That relentless work ethic the future executive displayed must have had something to do with the rugged midwestern upbringing he experienced, after all, his father frequently battered him with the mantra, if youre going to do something, do it 110%, or dont do it at all.. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. . ATLANTA, Jan. 27, 2022 - The Home Depot , the world's largest home improvement retailer, today announced that Edward "Ted" Decker has been named CEO and president, and has been elected to the company's board of directors, all effective March 1, 2022.Craig Menear, currently chairman and CEO, will continue to serve as Chair of the Board. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. 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. 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. References This . The Home Depot on Thursday named a veteran executive as its new CEO. 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. Lets get started. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 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. 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. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Monday, January 31, 2022 6:11 AM UTC. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. 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. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Read more here! We want to hear from you. In 2016, he received $11.5 million. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. Steve Ballmer: age, children, wife, house, yacht, profiles, net worth in billions, Get the news that matters from one of the leading news sites in South Africa, Mlungu woman nails pantsula dance moves with Converse All Stars in the township, Creative lady transforms shack into beautiful home, shows off incredible style, 6-year-old girl fighting for her life following pit bull attack, doctors say she got 1000 stitches, SA woman with "shwapa" performs Bhebha dance challenge, people praise confident woman in TikTok video, Details into the life of Samantha Speno, Randy Orton's ex-wife. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. He has had the role of Chief Executive Officer since 2014. The idea is to further unlock the interconnected retail vision the company began building many years ago. Craig Menear Wiki - Age, Wife, Family, & More. The company is involved in renovating or making additions to houses. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. POLITICAL ACTION COMMITTEE: Craig Menear (born c. 1958) is an American business executive. 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. As a result, The Home Depot sought to distance itself from the statement. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Work Biography for Craig Menear. 2. "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. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. This net worth approximation does not reflect any other investments that Mr. Menear may own. Craig Menear. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. 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. The American entrepreneur cannot be contacted directly via his personal details. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. A Division of NBCUniversal.