Follow Craig Menear on LinkedIn to get to know them better. A Division of NBCUniversal. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Craig Menear (born c. 1958) is an American business executive. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Starting in 2018, the company began spending $1.2 billion to open about 150 supply chain facilities over five years including giant centers geared toward home professionals. This net worth approximation does not reflect any other investments that Mr. Menear may own. 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. 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. 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. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Visit lattitude.net now! References This . 2023 CNBC LLC. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. 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. However, as of 2021, he is 63 years old. Will Record Tuition Deductions Help Private Colleges? (function() { 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 . In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Contribution Totals. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc 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. One of the biggest challenges looking ahead manifested in the form of consumer habits shifting, as online sales grew to 4% with no signs of slowing, leadership needed to ponder how best to sell items from barbecue grills and patio sets to actual bricks and mortar over the Internet. Decker, who has . Craig Menear Chairman & Chief Executive Officer. He will be replacing Craig Menear, who has been . In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. 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 replacing Frank Blake as Home Depot CEO - ajc [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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. Teddy W Solomon says: April 4, 2021 at 5:19 pm. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. 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. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Photo by Patrick James Miller for Fortune The breach was, unquestionably . Menear has donated to the Home Depot Political Action Committee over the years. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Decker took over as CEO in . 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. We want to hear from you. "President Trumps policies built a booming economy and they will do so again.". He replaces former CEO Craig Menear, who will retire as chair Sept. 30. [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. Tune into ABC at 1 p.m. All Rights Reserved. Learn More about Craig A. Menear's net worth. Since then, he has become a regular donor to his alma mater throughout the years. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. listeners: [], 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.. Craig Menear. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Inside the career of Home Depot CEO Craig Menear, who has worked at the He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. Get this delivered to your inbox, and more info about our products and services. 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. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . A Division of NBCUniversal. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. 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. 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. Ron DeSantis, a close ally of the president, declared "employees at a professional sports (league) and media production with a national audience" part of "essential workers" in Florida, allowing McMahon's pro-wrestling company to continue live television broadcasts from its Orlando training facility, while most businesses in Florida had been ordered to shut to help fight the spread of the coronavirus. It became apparent this rebuild was reaching for the long-term as the great recession took hold, plunging the companys net income to $756 million in the three months ended Nov. 2, 2008, down 30.7% from $1.1 billion in the same period a year before. 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. Enjoy our content? . The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. 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. Retail PACs have given a total amount of $5,169,932 to candidates so far this year, with 43% of that money going to Democratic candidates, and 57% going to Republican contenders. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. He is replaced by former executive vice president Ted Decker. Inside the career of Home Depot CEO Craig Menear - Business Insider 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. 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 is chairman, CEO and president of The Home Depot. 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 . One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. This site uses Akismet to reduce spam. Menear began working at Home Depot in 1997. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Menear was born c.1958 in Flint, Michigan. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Prior to that, Menear had been the company's chief executive since 2014. 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