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. Craig Menear, chairman, president, and CEO of The Home Depot and alumnus of the Broad College of Business, was the commencement speaker at the spring undergr. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. (function() { You can help Wikipedia by expanding it. 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. Menear was born c.1958 in Flint, Michigan. Contribution Totals. "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. 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. In January 2022, The Home Depot announced that he would step . The idea is to further unlock the interconnected retail vision the company began building many years ago. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. I am Craig Menear CEO of Home Depot hater of Lowe's Destroyer Of IKEA Harbinger of Toilets Seller of Kitchen Cabinets Master of All PVC Tubes God of Construction Hardware BOW BEFORE ME MORTALS. 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. I remember that. The foundation has nearly doubled its political giving since 2018. 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. Read more about the author Craig Menear at L'ATTITUDE. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. But is Home Depot really a conservative company? Menear was born in Flint, Michigan, USA, in the year 1958. He will be replacing Craig Menear, who has been . They invested about $11 billion in the improvement of . Craig Menear is an inspiration to all the upcoming businesspersons. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. You have to stay focused on the customers needs and when you lose that focus, bad things happen. If somebody had said, Okay, Frank, here blank sheet of paper. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. "President Trumps policies built a booming economy and they will do so again.". 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. 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? 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. 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. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. 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. . A Home Depot store is seen in Washington, DC, on August 18, 2020. 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 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. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. Palmer's real estate firm G.H. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Check your inbox to be the first to know the hottest news. 24/7 coverage of breaking news and live events. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. [1] He became executive vice president of merchandising in 2007. He has had the role of Chief Executive Officer since 2014. Reply. Shares of the company were effectively flat after hours. 6. 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.. "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. 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. 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. 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. 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. 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. . 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. Throughout the most recent years, it has shown greatly that The Home Depot has some of the best records when it comes to the stock market, and it is all thanks to the leadership of Mr. Craig Menear. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. He has been ranked 29th in the top 1000 CEOs of private and public companies. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Tune into ABC at 1 p.m. Work Biography for Craig Menear. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Menear said 98 words. After graduating from MSU, Menear began his career at the modest, now-defunct retailer, Montgomery Ward; which was a pioneering mail order and department store retailer that operated between 1872 and 2001. Select this result to view Craig Albert Menear's phone number, address, and more. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. His first job was at Montgomery Ward, a department store chain. Sign up for notifications from Insider! Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Decker, who has . His first post-grad job was at Montgomery Ward, a department store chain. In 2016, he received $11.5 million. For some retailers, fewer in-person . Have you ever looked at a company or brand and wondered who runs the show? In 2021, the company had 490,600 employees and more than $151 billion in revenue. The Hispanic and Latino community are a huge clientele and work force of Home Depot, affording Home Depot in reaching the pinnacle of a successful corporation. 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. Will Record Tuition Deductions Help Private Colleges? 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%. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: 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. 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. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. He has made the occasional one-off donation to other, largely Republican, candidates and campaigns, including now-Sen. Mitt Romney's presidential run, Jeb Bush, and David Perdue. 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. 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. Details of his birthday and month are yet to be revealed. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. 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.. During his childhood, he had a lawn care business with which he bought his first car. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. "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. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. But how did he come to run the company in the first place? 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? 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 . Craig Menear and two executive VPs explain that you can use these hours as you see fit, whether now, or later (summertime beach season for me), or not at all & get paid out for them at the end of the year. Menear began working at Home Depot in 1997. Sites and apps where to download Afrikaans movies, Top facts: The biggest dams in South Africa, Video of Zamani Mbatha apologising to Snikiwe Mhlongo after cheating scandal goes viral on social media, Who is Kim Fields's dad Erv Hurd? forms: { Craig was named CEO and president in November 2014 and chairman in February 2015. 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. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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.
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