craig menear politics

})(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. Check your inbox to be the first to know the hottest news. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. The American entrepreneur cannot be contacted directly via his personal details. Atlanta, GA, US View. 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. The company is involved in renovating or making additions to houses. 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. What are the admission requirements to study medicine at UCT 2022? "As a long-time Home Depot veteran, Craig lives our . He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. ); window.mc4wp = window.mc4wp || { Despite the fact he walked away with a dreamy retirement package worth up to $210 million, his practices left Home Depot in a compromised position, particularly due to the cost cuts that were being made to reach inauthentic quarterly objectives they inadvertently wreaked havoc on the ground floor, in other words, where the customer spends their money. [2][4][5], Menear joined Home Depot in 1997. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Has Been Known As The Darling Of Wall Street, 7. 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.. Since then, he has become a regular donor to his alma mater throughout the years. [3], Menear was educated at the Flint Central High School, graduating in 1975. 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. There's a video about it on MyApron and probably on loop in your break room too. 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. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. } 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 the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. . JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. As a result, The Home Depot sought to distance itself from the statement. 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. Learn more about the background of Craig Menear, the highly respected CEO of The Home Depot and his perspective on leadership and the future of business in a. 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. Contribution Totals. Menear was born and raised in Flint, Michigan to his family back in 1958. 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. While glancing at his 13 years company's stock transaction . 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.. We want to hear from you. 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. Monday, January 31, 2022 6:11 AM UTC. 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. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Read more about the author Craig Menear at L'ATTITUDE. By clicking Sign up, you agree to receive marketing emails from Insider Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Craig Menear Chairman and Chief Executive Officer. Outgoing CEO Craig Menear will continue to serve as chair of the board. 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. 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. 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. Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. This site uses Akismet to reduce spam. Others Named 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). Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Data is a real-time snapshot *Data is delayed at least 15 minutes. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. 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. as well as other partner offers and accept our, A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge, Before that, he worked at Montgomery Ward and. 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. 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. Access your favorite topics in a personalized feed while you're on the go. Craig Menear Political Contributions in 2020. 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 . Here's a look into Menear's life and career: Source: San Diego Tribune, USA Today, Forbes, Source: Federal Election Committee, CNBC, The Center for Responsive Politics. All Rights Reserved. { Mr . In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Like other CEOs, Craig has been vocal about his political stand in the US elections. ADVERTISEMENT. Dealing a further blow to internal morale, he also increased the number of less knowledgeable part-time workers at Home Depots stores, which left full-time employees fuming and led to a diminishment of customer service, one of the companys strengths, recounted Barry Henderson, an equities expert at T. Rowe Price. 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. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. event : evt, He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. Menear has been into entrepreneurship from an early age. "As a 22-year associate of The Home Depot, Ted . 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.. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. 2. 2023 CNBC LLC. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. He has had the role of Chief Executive Officer since 2014. 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. Got a confidential news tip? "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. The two youthful love birds were dating by junior high, eventually graduated hand in hand from Central High School, and forever sealing their vintage Americana status as high school sweethearts, got married during the mid-80s; over three decades later, they are still going strong! 6. 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. However, as of 2021, he is 63 years old. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. People go: Got it. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year He is replaced by former executive vice president Ted Decker. You could say that Menear has had a love for home improvement instilled in his blood from a young age. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. 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. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Enjoy our content? 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. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. [1][2] His father worked as a tool and die maker for General Motors. 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. 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. Join the Brooksy Society by subscribing to our Monthly Newsletter! Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. He serves as the chairman and is the former chief executive officer of The Home Depot. This article about an American businessperson born in the 1950s is a stub. Text. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Read more here! Craig Menear. Age : 63. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. Craig Menear (born c. 1958) is an American business executive. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Sign up for free newsletters and get more CNBC delivered to your inbox. listeners: [], However, he could be reached through his work contacts. Not the Craig Menear you were looking for? The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. 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%. 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. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. He lives with his wife, and the couple also has two daughters. Lets get started. Together, they worked on several home improvement projects. The show airs every weeknight at 11 pm Eastern Time on MSNBC. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. 2016 Election Cycle. Briefly.co.za recently published an article about Brian Williams' biography. 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. Home Depot Inc. He serves as the chairman and is the former chief executive officer of The Home Depot. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . If somebody had said, Okay, Frank, here blank sheet of paper. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. He is one of the legendary news anchors in America today. Author: Lois Furry. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. For Langone, recent beneficiaries include official Republican Party offices across the United States, as well as big-name Republican members of Congress like Kevin McCarthy and Tom Cotton. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. Rapidly putting his know-how to work, the young man from Flint climbed his way up from divisional merchandise manager for the southwest division to senior vice president of merchandising for hardlines by 2003. His films have been among the biggest box office hits of all time. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. This net worth approximation does not reflect any other investments that Mr. Menear may own. 2020 Transaction Count/Amount. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Want to connect with other businesses in the Latino community? 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. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? 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. For some retailers, fewer in-person . Get this delivered to your inbox, and more info about our products and services. } Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Frank Blake has been Home Depot's chairman and CEO . forms: { Adelson did not respond to a request for comment. 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? That makes up around 9% of the PAC's current cycle to-date disbursements. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. 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. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. 24/7 coverage of breaking news and live events. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. 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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. To a Spreadsheet or Other File Type. But a modicum of political change may be at hand for both retailers in the coming election cycle. "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.". Sign up for notifications from Insider! 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. Home Depot founders and Republican mega-donors Ken Langone and Bernie Marcus have attracted controversy over their donations to Republican groups and politicians, including US President Donald Trump. All Rights Reserved. Craig Menear (born c. 1958) is an American business executive. He worked his way through, and in 2007 he was named the Vice President of Merchandising. A Division of NBCUniversal. 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. 38/$15,620. . The American businessman has kept much of his personal life out of the spotlight. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Both men are company veterans. ET and ABC News Live at 4 p.m. "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. Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Country of residence : Unknown. Menear, 57, has been president of the company's U.S. retail operations since February . Search. But the recurring partisan controversy fails to capture the fact that both home improvement companies skew conservative when it comes to political giving a tendency they share with many major retailers. 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. [8], Menear is a donor to his alma mater, Michigan State University. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. 2023 CNBC LLC. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. 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. Linked companies : No connection available. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. 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. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. 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. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Under his leadership, the company continues to . Garrett by trade is a personal finance freelance writer and journalist. 2. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. 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. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Visit lattitude.net now! 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. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. While Lowe's lacks a set of high-profile, long-retired Republican mega-donor founders to match those at Home Depot, differences between the two companies' political contribution strategies are thinner that a skim coating of paint. 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 . The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Will Record Tuition Deductions Help Private Colleges? Political Action Committee, according to FEC data. You can help Wikipedia by expanding it. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. I remember that. Top editors give you the stories you want delivered right to your inbox each weekday. 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.

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