In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". We will stand up and speak up, hitting Home . They invested about $11 billion in the improvement of . Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. 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. 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. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. Both have vocalized consistent support for US President Donald Trump. 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. 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. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Political Campaign Contributions. 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. His films have been among the biggest box office hits of all time. If you enjoyed this story on the life of Home Depot CEO Craig Menear, be sure to check out our biography of Lowes CEO Marvin Ellison! Visit lattitude.net now! forms: { 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. Have you ever looked at a company or brand and wondered who runs the show? References This . Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . 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. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Craig Menear is an inspiration to all the upcoming businesspersons. The company's statement didn't give a reason for Menear's retirement. 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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. Menear was born in Flint, Michigan, USA, in the year 1958. 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. "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. 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? But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Over the course of five years, the internal funding should spur innovations in everything from store enhancements and new e-commerce solutions to industry-leading delivery options, and a comprehensive ecosystem conducive to professional contractors (Pro). 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. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. 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. Like other CEOs, Craig has been vocal about his political stand in the US elections. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. Updated April 6, 2015 6:34 pm ET. Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Fla., Dec. 7, 2019. Mr Menear, getting involved in political statements. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. You could say that Menear has had a love for home improvement instilled in his blood from a young age. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Menear has donated to the Home Depot Political Action Committee over the years. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. 2. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 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. People go: Got it. on: function(evt, cb) { Got a confidential news tip? His first job was at Montgomery Ward, a department store chain. } Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Aug. 17, 2021. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. 2. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Home Depot Inc. Thats right. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: MENEAR, CRAIG MARIETTA, GA 30068: Home Depot Product Authority,/Home Depot Product Authority,/Chairman Ceo And President: $192: 12/20/2019: P: THE HOME DEPOT INC. In 2021, the company had 490,600 employees and more than $151 billion in revenue. 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. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Not the Craig Menear you were looking for? With the exception of Ellison, the top brass at both home improvement giants largely favor donating to their employer's designated PAC, as well as the occasional specific politician or campaign. After completing his university studies, the American businessman got into work at several retailers. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. Connie Snyder: What do you know about Steve Ballmer wife? 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. The American businessman has kept much of his personal life out of the spotlight. Has Been Known As The Darling Of Wall Street, 7. Many people are familiar with him because of his decade-long stint in the media industry. "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. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Menear was born and raised in Flint, Michigan to his family back in 1958. For some retailers, fewer in-person . Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. Political Action Committee, according to FEC data. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? 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. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Sign up for notifications from Insider! Biography of Craig Menear. Text. In January 2022, The Home Depot announced that he would step . Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. } According to the Center for Responsive Politics, the Arthur M. Blank Foundation has only given $283 to Democratic candidates in 2020 so far, and zero dollars to Republicans. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. CEO Craig Menear is also a major Republican donor. Country of residence : Unknown. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 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. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. 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. You are already subscribed to our newsletter! Linked companies : No connection available. Craig Menear is chairman, CEO and president of The Home Depot. 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. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. listeners: [], 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Craig Menear: Home Depot Up until about 2013, Home Depot was an excellent place to drive over and grab what you needed for your special project. All Rights Reserved. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Has Worked For More Than Just The Home Depot. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. To a Spreadsheet or Other File Type. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Following his departure from that initial outfit, he took on roles among numerous home improvement retail companies (each notably vying in the field of do-it-yourself projects), such as Grace Home Centers, Builders Emporium, and IKEA, at one point, he was a distribution manager for the latter. The question is not merely academic, as decisions made about the economic future of the country could reflect the interests of those appointed to the council. 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. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 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 . Holifields team then proceeded to engineer and execute on the companys supply chain transformation, adding a network of eighteen Rapid Deployment Centers to supply stores with unprecedented efficiency. Monday, January 31, 2022 6:11 AM UTC. Both men are company veterans. Briefly.co.za recently published an article about Brian Williams' biography. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 Democrats received 30% of an overall contribution of $1,977,250. Long before he got named The Home Depot CEO, Craig Menear was born in 1958 and raised among the bustling automobile manufacturing factories of Flint Michigan, a blue-collar town that once boasted some nine General Motors (GM) plants. 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 . Account will be deleted and I will shop at Lowes! A Division of NBCUniversal. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. 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 . 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. 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. Together, they worked on several home improvement projects. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Weve done a number of things throughout our facilities to be able to be more flexible, were working on expanding childcare services, and weve changed the configuration of our buildings in order to facilitate more team integration, Menear explains.
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