The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. However, he could be reached through his work contacts. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Craig Menear - Chairman, Chief Executive Officer and President. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. You can help Wikipedia by expanding it. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. 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 . Like other CEOs, Craig has been vocal about his political stand in the US elections. Hell do an outstanding job leading our company in the years ahead.. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Linked companies : No connection available. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Details of his birthday and month are yet to be revealed. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. For some retailers, fewer in-person . } He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. 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. In 2016, he received $11.5 million. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . From 2015 to 2019, CVS Health gave over $31 million to political non-profits, Intel gave $18 million, Anthem Blue Cross Blue Shield health insurance $16 million, Dow $16 million, AT&T $9 million, and Microsoft $6 million. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. 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. 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. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. He has been ranked 29th in the top 1000 CEOs of private and public companies. Decker took over as CEO in . As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. 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. 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. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. But, what does the CEO of home depot make? 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. 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. At least 25 individuals have made substantial donations in support of Trump. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. As the Democratic-leaning holdout of Home Depot's group of founders, Blank has given hundreds of thousands of dollars to Democrats like Hillary Clinton, Chuck Schumer, and Sam Nunn. These innovations had an immensely positive role on Menears merchandising side of things; think smoother stocking of inventory and more cost-effective operating expenses, which tends to create wiggle room for competitively priced products. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. 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. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Home Depot is the largest home improvement retailer in the United States. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. "President Trumps policies built a booming economy and they will do so again.". The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. 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. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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 previously served as chief merchant and executive vice president of merchandising. 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. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. 2016 Election Cycle. Craig Menear politics. 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. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. People go: Got it. Craig Menear Chairman & Chief Executive Officer. 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. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. 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. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. 2023 CNBC LLC. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Top editors give you the stories you want delivered right to your inbox each weekday. But is Home Depot really a conservative company? Starting in 2019, a Nevada voter named Patrick Farrah is listed by the FEC as having donated thousands toward Republican candidates like Lindsey Graham, Mitch McConnell, Kevin McCarthy, and Duncan Hunter, as well as the PAC Bikers for the President. 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 . In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. 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. Decker took over as CEO in March, when Menear stepped down from that role. 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. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. Alma Mater. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. 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. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. (function() { 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. Menear was born and raised in Flint, Michigan to his family back in 1958. This article about an American businessperson born in the 1950s is a stub. A Division of NBCUniversal. 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. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. "It's not entirely clear what the parameters were for deciding who is included or not included, but there do seem to be a significant number of Trump donors on this list," Brendan Fischer, a federal reforms director at watchdog group Campaign Legal Center, told ABC News. Craig Menear in Washington | Photos | Reviews | 18 building permits. 2. As published in the Atlanta Business Chronicle on June 1, 2018In early 2014, three people were in the running to succeed Frank Blake as CEO of The Home Depot Inc. Craig Menear, who eventually . Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Read more about the author Craig Menear at L'ATTITUDE. References This . From the policy debates to the political fights, today's . Photo by Patrick James Miller for Fortune The breach was, unquestionably . We want to hear from you. 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.
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