READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. 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. Menear was born c.1958 in Flint, Michigan. Both men are company veterans. "President Trumps policies built a booming economy and they will do so again.". Richard Mcvey: age, children, first wife, height, career, profile, worth. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. Others Named Craig Menear. Its worth noting that while board room deliberations ensued regarding Blakes successor, the companys head of U.S. stores, Marvin Ellison and CFO Carol Tome were also potential contenders for the top spot. 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. He then worked at Builders Emporium and was also a distribution manager at IKEA. 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. 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. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Learn More about Craig A. Menear's net worth. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Through his knowledge of restructuring the company for ultimate profitability, the company has exceeded many expectations, and should continue to do so throughout the coming years as well. Recruited from General Electric, Robert Nardelli was CEO of The Home Depot between 2000 and 2007, his tenure at the home improvement giant has since been scrutinized by analysts as far-reaching as the Wharton School of Finance, where one published study argueshe brought the wrong toolbox to the job. We want to hear from you. After completing his university studies, the American businessman got into work at several retailers. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Connie Snyder: What do you know about Steve Ballmer wife? Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. 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. 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. 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. 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. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. And is Lowe's its liberal counterpart? [1][2] His father worked as a tool and die maker for General Motors. "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. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Menear was born in Flint, Michigan, USA, in the year 1958. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. You have to stay focused on the customers needs and when you lose that focus, bad things happen. } In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Menear began working at Home Depot in 1997. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. ); His father worked as a tool and die maker at General Motors. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Get this delivered to your inbox, and more info about our products and services. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. 2. Menear has donated to the Home Depot Political Action Committee over the years. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. While glancing at his 13 years company's stock transaction . 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. Palmer's real estate firm G.H. 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 the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. 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. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Menear has been into entrepreneurship from an early age. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. His father was a tool and die maker at Flint General Motors. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Craig Menear. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . By DEE-ANN DURBIN January 27, 2022. 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.. 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. Quickly connect with Craig before . Monday, January 31, 2022 6:11 AM UTC. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. 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. I remember that. "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. 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. Ron DeSantis, a close ally of the president, declared "employees at a professional sports (league) and media production with a national audience" part of "essential workers" in Florida, allowing McMahon's pro-wrestling company to continue live television broadcasts from its Orlando training facility, while most businesses in Florida had been ordered to shut to help fight the spread of the coronavirus. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Linked companies : No connection available. Political Campaign Contributions. The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . (function() { I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Country of residence : Unknown. You can help Wikipedia by expanding it. Coca-Cola ultimately issued a carefully worded statement saying that "voting is a foundational right in America" and pledging to "work to advance voting rights and access in Georgia and . 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. 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. 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. 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. 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? People go: Got it. 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. 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. They have also lived in Monrovia, CA and Kingston, TN. "As a 22-year associate of The Home Depot, Ted . The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. 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. [2][4][5], Menear joined Home Depot in 1997. The company's statement didn't give a reason for Menear's retirement. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Has Been Known As The Darling Of Wall Street, 7. Briefly.co.za recently published an article about Brian Williams' biography. Stay up to date with what you want to know. For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. "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 . Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. 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? Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. "I have tremendous confidence that he will guide our company to new heights.". Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. 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. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Under his leadership, the company continues to . Excelling academically, Craig Menear finished high school in the spring of 1975 and earned his way into Michigan State Universitys Eli Broad College of Business that next fall semester. Will Record Tuition Deductions Help Private Colleges? Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. 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. As announced by Home Depot Inc. in a news release and in a regulatory filing published on Thursday, January 27, 2022, Craig A. Menear leaves his post as chief executive officer at the world's largest . Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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.