Craig Menear Net Worth (2023) | wallmine I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. Craig Menear (born c. 1958) is an American business executive. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Read more here! He is replaced by former executive vice president Ted Decker. Decker, who has . [2][4][5], Menear joined Home Depot in 1997. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Even as the pandemic took hold shortly thereafter, demand for construction-type products actually soared due to homeowners being quarantined inside all day long with not much to do but pursue do-it-yourself projects around their household. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth.
Inside the career of Home Depot CEO Craig Menear, who has worked at the Account will be deleted and I will shop at Lowes! Under his leadership, the company continues to . "As a long-time Home Depot veteran, Craig lives our .
Home Depot CEO - Craig Menear (Age 63) - ListOfCEO Richard Mcvey: age, children, first wife, height, career, profile, worth. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News.
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. 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. His films have been among the biggest box office hits of all time. In January 2022, The Home Depot announced that he would step . 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. He previously served as chief merchant and executive vice president of merchandising. .
The Home Depot - Wikipedia "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.
"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. 2.
Craig Menear - Wikiwand [2] Succeeding Frank Blake in these roles, Menear has served as its chief executive officer since November 2014,[2] and as its chairman since February 2015. Get this delivered to your inbox, and more info about our products and services. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Turn on desktop notifications for breaking stories about interest? In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. They invested about $11 billion in the improvement of . The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. At least 25 individuals have made substantial donations in support of Trump. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing.
Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney 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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. Craig Menear (born c.1958) is an American business executive. 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 . 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. During his childhood, he had a lawn care business with which he bought his first car. 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.. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online.
Home Depot CEO Craig Menear: People focus makes the difference in 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? In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). ET and ABC News Live at 4 p.m. 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. Like other CEOs, Craig has been vocal about his political stand in the US elections. 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. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . From the policy debates to the political fights, today's . Linked companies : No connection available. 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. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. 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? The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. The American entrepreneur cannot be contacted directly via his personal details. Access your favorite topics in a personalized feed while you're on the go. 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. For some retailers, fewer in-person . Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. He serves as the chairman and is the former chief executive officer of The Home Depot. You can help Wikipedia by expanding it. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person.
Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls . 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. All Rights Reserved. Craig brings decades of retail experience from mass, home center, specialty and big box retailing to his role during a time when the retail landscape is rapidly changing. 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. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. He attended Flint Central High School. He is on the Board of Directors at Retail Industry Leaders . 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. 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. He serves as the chairman and is the former chief executive officer of The Home Depot. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. 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. 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. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Brian is currently a news anchor of The 11th Hour with Brian Williams. Political Action Committee, the . 24/7 coverage of breaking news and live events.
Craig Menear replacing Frank Blake as Home Depot CEO - ajc Craig may not officially change The Home Depot's signature orange color, but his allegiance to the green and white is as strong as ever. For starters, seasoned associates at the company were less than thrilled to watch him oust long-time, trusted executives and replace them with outsider GE alumni. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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. Menear was born c.1958 in Flint, Michigan. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Menear said 98 words. Prior to that, Menear had been the company's chief executive since 2014. Despite being the older company, the original movers-and-shakers of Lowe's never achieved the same high-profile or politicized status in the business world as their orange-aproned counterparts. President Trump's 'opening the country' council features several political donors and supporters . Craig Menear tries to be on the store floor of a Home Depot almost every week. Others Named Craig Menear. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. Decker took over as CEO in . By clicking Sign up, you agree to receive marketing emails from Insider Stay up to date with what you want to know. Menear has donated to the Home Depot Political Action Committee over the years. Home Depot on Thursday also announced a new $15 billion share-buyback program. 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.
Home Depot names company veteran Ted Decker as CEO - CNBC Mr. Menear owns over 68,468 units of Home Depot stock worth over $75,521,444 and over the last 16 years he sold HD stock worth over $14,995,979. 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. Has Worked For More Than Just The Home Depot. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Home Depot Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain.
Craig Menear Net Worth (2023) | wallmine They all have backlogs. In order to best position themselves for this rush in Pro sales, Craig Menear and company have continued streamlining their delivery process, outfitting it to handle larger orders,while also ensuring they have stocked up on as much inventory as possible. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Marcus in particular has once again made headlines by vowing to support. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. We want to hear from you. Menear has donated to the Home Depot Political Action Committee over the years. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. Prior to his retirement in November 2011, Mr. Arpey served as Chief Executive Officer of AMR Corporation, a global airline holding company, and its subsidiary American Airlines, from 2003 through November 2011, immediately prior to their voluntary filing for reorganization . His first job was at Montgomery Ward, a department store chain. Menear was born in Flint, Michigan, USA, in the year 1958. 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..
Corporate Involvement in Politics & Voter Suppression 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%. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. 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 | WA | Read Reviews + Get a Free Estimate | BuildZoom 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. Quickly connect with Craig before . Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. He replaces former CEO Craig Menear, who will retire as chair Sept. 30.
Craig Menear - Chairman, CEO and President - CrunchBase The pair has given $470,300 this year, with 99% of that money going to Republican candidates. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. Menear has donated to the Home Depot Political Action Committee over the years. CEO Craig Menear is also a major Republican donor. Home Depot Inc. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. 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. 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. What are the admission requirements to study medicine at UCT 2022? 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. Briefly.co.za recently published an article about Brian Williams' biography.
Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC 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. "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.". U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . listeners: [], 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. Home Depot is the largest home improvement retailer in the United States. Decker took over as CEO in March, when Menear stepped down from that role. } The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Of course, eager investors rewarded the stock by skyrocketing its value throughout the nationwide lockdown period to the tune of a record high of $339 per share in May 2021. 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. 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. Menear, 57, has been president of the company's U.S. retail operations since February . The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. 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. 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? His first post-grad job was at Montgomery Ward, a department store chain. He has also served as a Chairman for the company since 2015. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. 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.. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. 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. 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. In 2021, the company had 490,600 employees and more than $151 billion in revenue. To examine the politics of the home improvement sector beyond the issue of politically-polarized founders, Business Insider combed through the FEC records for each company's current leadership team and examined the Center for Responsive Politics' breakdown of each company's in-house PAC for answers. [3], Menear was educated at the Flint Central High School, graduating in 1975. "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 . Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. from 1999 to present.
HOME DEPOT INC Executive Salaries & Other Compensation - Salary.com Thats right. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. Sign up for notifications from Insider! The list features prominent leaders from a range of major industries, from real estate to finance to sports. Connie Snyder: What do you know about Steve Ballmer wife? There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year.
Home Depot's Craig Menear upbeat about company's future The foundation has nearly doubled its political giving since 2018. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. The Home Depot has become a household name in house renovations, all under the leadership of Craig. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry.
Trump advisers on reopening economy gave half-billion to Republican Transactions of nine hundred dollars or more, which represent around 20% of Home Depots sales in the United States, began stabilizing by the start of 2010. The company currently has around 2200 stores and 400,000 associates.
Home Depot CEO Craig Menear's Life and Career - Business Insider There's a video about it on MyApron and probably on loop in your break room too. Menear has donated to the Home Depot Political Action Committee over the years. Have you ever looked at a company or brand and wondered who runs the show? 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. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Public asset : 66,160,504 USD. Everything to know about him, De Lille reveals ANC ministers and deputies live in lavish Pretoria and Cape Town houses worth R1bn, SA awed, Mpho Wabadimo and Thema Broly allegedly split after 'BBMzansi' winner posts cryptic pictures on Instagram, Twitter men defend Zamani Mbatha amid cheating scandal after girlfriend Snikiwe Mhlongo exposed him: "Protect Zamani", Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Visit lattitude.net now! Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Craig Menear. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . 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. He lives with his wife, and the couple also has two daughters. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. He worked his way through, and in 2007 he was named the Vice President of Merchandising. (function() { Country of residence : Unknown.
Here Are The Billionaires Backing Donald Trump's Campaign, As Of Frank Blake has been Home Depot's chairman and CEO . Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. [1] He became executive vice president of merchandising in 2007. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday.
The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Photo by Patrick James Miller for Fortune The breach was, unquestionably .
Home Depot names longtime executive as new CEO | AP News You have to stay focused on the customers needs and when you lose that focus, bad things happen.