In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Sign up for free newsletters and get more CNBC delivered to your inbox. Account will be deleted and I will shop at Lowes! While glancing at his 13 years company's stock transaction . Ethics experts say it is certainly not the first time political donors have netted advisory posts. Like other CEOs, Craig has been vocal about his political stand in the US elections. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. 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. 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.. On 1 June 2016, Home Depot co-founder Bernie Marcus published an essay on the web site Real Clear Politics in which he announced that he was endorsing GOP candidate Donald Trump for President of . 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. 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. By December of 2019, The Home Depot was riding high considering online sales had been increasing about $1 billion in each of the previous six years, ultimately making them the 5th largest e-commerce operation in the United States; 50% of the time, customers were choosing to pick up their orders inside their neighborhood store a testament to the home improvement giants interconnected strategy. The company's statement didn't give a reason for Menear's retirement. Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom Top editors give you the stories you want delivered right to your inbox each weekday. Craig Menear Net Worth (2023) | wallmine With this being said, his executive staff has dedicated a lot of time, energy, and effort to making sure they are clearly communicating their approach, strategy, and how each team member has a profound impact on achieving The Home Depots outlined goals. 2. Craig Menear is an inspiration to all the upcoming businesspersons. People go: Got it. 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.. "It's an example of how writing big checks to the president and a super PAC means that your voice is heard louder than many others, Fischer said. Marcus in particular has once again made headlines by vowing to support. "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. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. But a modicum of political change may be at hand for both retailers in the coming election cycle. 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. 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. 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). Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. (function() { 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. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls . window.mc4wp = window.mc4wp || { Aug. 17, 2021. Have you ever looked at a company or brand and wondered who runs the show? Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Turn on desktop notifications for breaking stories about interest? Craig Menear email address & phone number | Anheuser-Busch InBev Senior Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. 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. 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 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. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Craig Menear is the Chairman of the Board. Quickly connect with Craig before . Home Depot Inc. In 2016, he received $11.5 million. For some retailers, fewer in-person . Both men are company veterans. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc 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? Craig Menear Net Worth, Biography, and Insider Trading Home Depot on Thursday also announced a new $15 billion share-buyback program. 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 replaces former CEO Craig Menear, who will retire as chair Sept. 30. Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney Corporations have also been active political spenders at the state level. 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. 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. But scattered among them are several of Trumps friends, supporters, and political donors. We want to hear from you. "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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. The company currently has around 2200 stores and 400,000 associates. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. Follow Craig Menear on LinkedIn to get to know them better. [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. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Hell do an outstanding job leading our company in the years ahead.. How Home Depot CEO Frank Blake kept his legacy from being hacked In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Boycott Home Depot (Co-founder supports Trump) | MoveOn Craig Menear - L'ATTITUDE 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 . His father worked as a tool and die maker at General Motors. As a result, The Home Depot sought to distance itself from the statement. Find contact details for 700 million professionals. Get this delivered to your inbox, and more info about our products and services. We will stand up and speak up, hitting Home . 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. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Give Me an H: Chairman and CEO Craig Menear's Passion for Retail Starts Join the Brooksy Society by subscribing to our Monthly Newsletter! When introducing her boss at Monday's Rotary Club of Atlanta, the Home Depot's Kelly Barrett admitted that she was a little worried when Craig Menear became CEO following Frank Blake in November . 2. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Sign up for notifications from Insider! The company also expanded its distribution network, with the goal of offering same-day and next-day delivery to 90% of the U.S. population. 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 so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. Craig Menear Chairman & Chief Executive Officer. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Coca-Cola ultimately issued a carefully worded statement saying that "voting is a foundational right in America" and pledging to "work to advance voting rights and access in Georgia and . Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan Menear has been into entrepreneurship from an early age. [7], In January 2022, The Home Depot announced he would be stepping down as the CEO and President effective March 1, 2022 while continuing to serve as the chairman of the board. The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha He serves as the chairman and is the former chief executive officer of The Home Depot. 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. Garrett by trade is a personal finance freelance writer and journalist. [1][2] His father worked as a tool and die maker for General Motors. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Menear has donated to the Home Depot Political Action Committee over the years. Learn how your comment data is processed. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. If somebody had said, Okay, Frank, here blank sheet of paper. 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. "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. 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. 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Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. . Craig Menear - Chairman, CEO and President - CrunchBase Craig Menear | ZoomInfo During Blakes tenure, Home Depots stock rose more than 100%, by the end, they were operating the worlds largest home improvement specialty retailer, with 2,265 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico. Larry Page: net worth, age, children, wife, house, education, salary, profiles. Menear has donated to the Home Depot Political Action Committee over the years. And is Lowe's its liberal counterpart? 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. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Like other CEOs, Craig has been vocal about his political stand in the US elections. 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 . 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. Craig Menear. . Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Craig Menear (born c. 1958) is an American business executive. event : evt, Craig Menear replacing Frank Blake as Home Depot CEO - ajc Craig Menear Chairman and Chief Executive Officer. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . A Home Depot store is seen in Washington, DC, on August 18, 2020. "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 second best result is Craig Allen Menear age 40s in Valparaiso, IN. 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. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. 2. Others Named Craig Menear. 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%. Craig Menear works as a Board Member Craig graduated from Michigan State University's Eli Broad College of Business and They used to work at Camp Southern Ground and have used the following emails: , @homedepot.com. At least 25 individuals have made substantial donations in support of Trump. "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. Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year All Rights Reserved. He worked his way through, and in 2007 he was named the Vice President of Merchandising. 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. Fostering his own entrepreneurial spirit, as a kid, he set up a neighborhood lawn care business that triumphantly led to him purchasing his first car with personal savings. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. He serves as the chairman and is the former chief executive officer of The Home Depot. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. [6] He was given $11.5 million in 2016. We need to transform Home Depot to allow customers to shop when, where, and how they want to, Menear said in a 2014 interview at the companys Atlanta headquarters. By clicking Sign up, you agree to receive marketing emails from Insider Mr . Monday, January 31, 2022 6:11 AM UTC. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Craig was named CEO and president in November 2014 and chairman in February 2015. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. He became president and COO in October 2020. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Briefly.co.za recently published an article about Brian Williams' biography. 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. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth.