Teddy W Solomon says: April 4, 2021 at 5:19 pm. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. "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 . The foundation has nearly doubled its political giving since 2018. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. The Home Depot on Thursday named a veteran executive as its new CEO. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. 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. Prior to that, Menear had been the company's chief executive since 2014. Among other initiatives, they plan on adding 170 distribution facilities across America to reach 90% of the U.S. population in one day or less, moreover, another goal is to open hubs that will consolidate the freight for dispatch on to final-mile delivery vehicles appliances for Interline MRO, Pro, and do it yourself (DIY) hobbyists delivery from DFCs, vendors, and stores, in about 100 locations. 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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. You could say that Menear has had a love for home improvement instilled in his blood from a young age. . (function() { 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. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: By DEE-ANN DURBIN January 27, 2022. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Home Depot is the largest home improvement retailer in the United States. 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. Decker took over as CEO in March, when Menear stepped down from that role. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Who makes the tough business decisions to keep the company prosperous and overwhelmingly popular throughout the course of its history, and in this tough society? This article about an American businessperson born in the 1950s is a stub. [1][2] His father worked as a tool and die maker for General Motors. Craig was named CEO and president in November 2014 and chairman in February 2015. A Division of NBCUniversal. Craig Menear Net Worth (2023) | wallmine Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. 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. Menear has donated to the Home Depot Political Action Committee over the years. Trump advisers on reopening economy gave half-billion to Republican } on: function(evt, cb) { 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 will stand up and speak up, hitting Home . Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Larry Page: net worth, age, children, wife, house, education, salary, profiles. Sign up for free newsletters and get more CNBC delivered to your inbox. Political Action Committee, according to FEC data. Account will be deleted and I will shop at Lowes! In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Craig Menear - RILA Atlanta, GA, US View. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. 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? According to the Center for Responsive Politics, the Arthur M. Blank Foundation has only given $283 to Democratic candidates in 2020 so far, and zero dollars to Republicans. 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. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. 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. Select this result to view Craig Albert Menear's phone number, address, and more. Shares of the company were effectively flat after hours. 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. Home Depots stock value dropped 8% by the time Nardelli was exiled by the companys board in 2007, for comparison, during that time, Lowes shares soared some 180%. Logistics is huge, and if you step back to just twelve years ago, our business has changed pretty dramatically [since then], he explained at a 2018 Michigan leadership summit. } 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. 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. He is on the Board of Directors at Retail Industry Leaders . About the time off coming up : r/HomeDepot In 2007, he was appointed executive vice president of merchandising. 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 fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. He has had the role of Chief Executive Officer since 2014. There's a video about it on MyApron and probably on loop in your break room too. Home Depot picks veteran Ted Decker as new CEO | CNN Business The company's statement didn't give a reason for Menear's retirement. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think This site uses Akismet to reduce spam. . But, what does the CEO of home depot make? The show airs every weeknight at 11 pm Eastern Time on MSNBC. 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.. Get this delivered to your inbox, and more info about our products and services. He has been ranked 29th in the top 1000 CEOs of private and public companies. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. 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. . Briefly.co.za recently published an article about Brian Williams' biography. Menear has donated to the Home Depot Political Action Committee over the years. And some council members such as Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Facebook CEO Mark Zuckerberg have at times been vocal in their opposition to the president and his agenda. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. They invested about $11 billion in the improvement of . Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. 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! For some retailers, fewer in-person . Search. The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Country of residence : Unknown. If you enjoyed this story on the life of Home Depot CEO Craig Menear, be sure to check out our biography of Lowes CEO Marvin Ellison! Craig Menear politics. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Craig A Menear, Home Depot Inc: Profile and Biography 2023 CNBC LLC. Want to connect with other businesses in the Latino community? 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. Tune into ABC at 1 p.m. "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. 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. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. How Home Depot CEO Frank Blake kept his legacy from being hacked POLITICAL ACTION COMMITTEE: Boycott Home Depot (Co-founder supports Trump) | MoveOn The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. When I joined the company, we were still decentralized, 75% of our goods went direct from the manufacturer to each individual store, and as the business evolved, that supply chain just didnt work anymore; it was really inefficient.. He became president and COO in October 2020. 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. 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. { Home Depot CEO Craig Menear's Life and Career - Business Insider At least 25 individuals have made substantial donations in support of Trump. Home Depot names Ted Decker as new CEO, replacing Craig Menear Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. 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. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. 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. While Lowe's lacks a set of high-profile, long-retired Republican mega-donor founders to match those at Home Depot, differences between the two companies' political contribution strategies are thinner that a skim coating of paint. 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. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. 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: Home Depot Up until about 2013, Home Depot was an excellent place to drive over and grab what you needed for your special project. 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..

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