POLITICAL ACTION COMMITTEE: The idea is to further unlock the interconnected retail vision the company began building many years ago. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. His triumphs have clearly been shown, as in his three years in the position have led to amazing stock records (as we mentioned before), and the company appears to be doing better than ever while continuing to evolve. Hell do an outstanding job leading our company in the years ahead.. 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. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Bernie M. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. He became president and COO in October 2020. 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. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. The foundation has nearly doubled its political giving since 2018. Family Life. 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. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. . "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. He has also served as a Chairman for the company since 2015. 38/$15,620. Menear, 57, has been president of the company's U.S. retail operations since February . Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. 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. Connie Snyder: What do you know about Steve Ballmer wife? Decker, who has . "I have tremendous confidence that he will guide our company to new heights.". As a result, The Home Depot sought to distance itself from the statement. References This . Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Home Depot on Thursday also announced a new $15 billion share-buyback program. 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. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Donald Trump, left, and his partner, developer Phil Ruffin, speak during an opening ceremony for the Trump International Hotel & Tower Las Vegas, April 11, 2008, in Las Vegas, Nevada. 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. Both public and private colleges are competing for a limited number of students. on: function(evt, cb) { That makes a difference, believes Frank 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. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. 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. Read more here! 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! 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. 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. Briefly.co.za recently published an article about Brian Williams' biography. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. 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.. Craig Menear Wiki - Age, Wife, Family, & More. 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. 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 . The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. 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. window.mc4wp = window.mc4wp || { 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. If somebody had said, Okay, Frank, here blank sheet of paper. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. The company's statement didn't give a reason for Menear's retirement. 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.. Craig Menear is chairman, CEO and president of The Home Depot. By clicking Sign up, you agree to receive marketing emails from Insider He is replaced by former executive vice president Ted Decker. "His ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The Home Depot," Menear said in a news release. Work Biography for Craig Menear. 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. 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? Download all contribution records for this person. 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. 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. Craig Menear. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. . Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Biography of Craig Menear. } 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. Find contact details for 700 million professionals. Want to connect with other businesses in the Latino community? Craig Menear Chairman and Chief Executive Officer. 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. But scattered among them are several of Trumps friends, supporters, and political donors. Craig Menear (born c. 1958) is an American business executive. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Enjoy our content? Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. 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. You can help Wikipedia by expanding it. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Menear was born and raised in Flint, Michigan to his family back in 1958. Got a confidential news tip? window.mc4wp.listeners.push( "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.". Quickly connect with Craig before . This site uses Akismet to reduce spam. We will stand up and speak up, hitting Home . 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 . He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. He is on the Board of Directors at Retail Industry Leaders . 6. 2020 Transaction Count/Amount. Lets get started. The councils seemingly crucial healthcare group, for example, is represented mainly by pharmaceutical companies like Pfizer and Johnson & Johnson and insurance companies such as Aetna and Cigna rather than public health professionals. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. 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. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. The American businessman has kept much of his personal life out of the spotlight. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Menear has donated to the Home Depot Political Action Committee over the years. Sign up for notifications from Insider! 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. Retail, among the industries hit hardest by the pandemic, received significant representation. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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. For more information on making a gift to the Broad College of Business, contact Senior Director of Development Vivian Leung at leungv@msu.edu or call (517) 355-8504. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. 2023 CNBC LLC. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. "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. He will be replacing Craig Menear, who has been . 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. Richard Mcvey: age, children, first wife, height, career, profile, worth. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 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%. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. In 2021, the company had 490,600 employees and more than $151 billion in revenue. He serves as the chairman and is the former chief executive officer of The Home Depot. 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 the Chairman of the Board. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. 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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. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. 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. 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. . Craig Menear. 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). de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: 2. This net worth approximation does not reflect any other investments that Mr. Menear may own.
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