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. Craig Menear (born c.1958) is an American business executive. window.mc4wp = window.mc4wp || { The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. He is replaced by former executive vice president Ted Decker. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. The company currently has around 2200 stores and 400,000 associates. Access your favorite topics in a personalized feed while you're on the go. 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. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past. [3], Menear was educated at the Flint Central High School, graduating in 1975. Others in the loop would argue the contrary, that executives werent informed enough on the competition, given Lowes stellar rise; the one thing folks seem to universally agree about regarding this period in Home Depots history is its disheartening impact on all involved parties. 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. On Sundays, the Fortune 500 corporations new chief executive hand-wrote thank-you cards to employees, a meaningful gesture he learned from President George H. W. Bush while serving as deputy general counsel from 1981-1983, during his vice presidency years. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. 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. Craig Menear (born c. 1958) is an American business executive. By clicking Sign up, you agree to receive marketing emails from Insider Tune into ABC at 1 p.m. 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.. 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. Earlier this month, a memo from the office of Florida Gov. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. on: function(evt, cb) { Through his knowledge of restructuring the company for ultimate profitability, the company has exceeded many expectations, and should continue to do so throughout the coming years as well. 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. forms: { Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. For one of the co-founders, Bernie Marcus, to support a xenophobic, misogynistic, racist bigot like Donald Trump and stand by his divisive, hateful rhetoric is beyond acceptable and appalling. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Data is a real-time snapshot *Data is delayed at least 15 minutes. Like other CEOs, Craig has been vocal about his political stand in the US elections. 2023 CNBC LLC. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. 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. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. But how did he come to run the company in the first place? Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Many people are familiar with him because of his decade-long stint in the media industry. That makes up around 9% of the PAC's current cycle to-date disbursements. Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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 . From the policy debates to the political fights, today's . Corporations have also been active political spenders at the state level. Find contact details for 700 million professionals. event : evt, Select this result to view Craig Albert Menear's phone number, address, and more. Political Action Committee, according to FEC data. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Contribution Totals. window.mc4wp.listeners.push( Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. from 1999 to present. Linked companies : No connection available. During his childhood, he had a lawn care business with which he bought his first car. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: 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? Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. 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. Download all contribution records for this person. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Briefly.co.za recently published an article about Brian Williams' biography. 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. POLITICAL ACTION COMMITTEE: In 2016, he received $11.5 million. The company's statement didn't give a reason for Menear's retirement. 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. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. ET and ABC News Live at 4 p.m. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Like other CEOs, Craig has been vocal about his political stand in the US elections. Turn on desktop notifications for breaking stories about interest? Country of residence : Unknown. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. 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. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Sign up for free newsletters and get more CNBC delivered to your inbox. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Want to connect with other businesses in the Latino community? He is on the Board of Directors at Retail Industry Leaders . 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. Learn More about Craig A. Menear's net worth. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Craig Menear Wiki - Age, Wife, Family, & More. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. 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. Updated April 6, 2015 6:34 pm ET. (function() { Have you ever looked at a company or brand and wondered who runs the show? 2023 CNBC LLC. 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. You can help Wikipedia by expanding it. For some retailers, fewer in-person . Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Menear has donated to the Home Depot Political Action Committee over the years. } This article about an American businessperson born in the 1950s is a stub. 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 . 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. "I have tremendous confidence that he will guide our company to new heights.". 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. The Home Depot, Inc. (NYSE:NYSE:HD) Alliance Bernstein 37th Annual Strategic Decisions Conference June 3, 2021 1:30 PM ETCompany ParticipantsCraig Menear - Chairman and Chief Executive. For starters, seasoned associates at the company were less than thrilled to watch him oust long-time, trusted executives and replace them with outsider GE alumni. "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. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. 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). Menear has donated to the Home Depot Political Action Committee over the years. The Home Depot is doing better than ever in the tool and home improvement industry, and continues to make strides in the ever changing society in which we live. } 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. "Were happy to give input and ideas on the roadmap for reopening the economy, the statement reads, and were also doing this through Craigs participation with other organizations such as the Business Roundtable.". 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 worked his way through, and in 2007 he was named the Vice President of Merchandising. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. 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. A Division of NBCUniversal. 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. The company is involved in renovating or making additions to houses. Top editors give you the stories you want delivered right to your inbox each weekday. Palmer's real estate firm G.H. Mr Menear, getting involved in political statements. Home Depot forced a worker to quit after he wore a slogan supporting the Black Lives Matter movement on his apron, and it threatened to punish other employees who tried to bring . Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. 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. He attended Flint Central High School. Ethics experts say it is certainly not the first time political donors have netted advisory posts. President Trump's 'opening the country' council features several political donors and supporters . Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Clearly, he knows his way around technical issues with computers, but there has to be more to, Read More 10 Things You Didnt Know about Leif K-BrooksContinue. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Ruffin has given nearly $1 million to Trump Victory, the president's joint fundraising committee with the Republican National Committee, and another $1 million to Trump's inaugural committee. 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.. 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. Read more here! He lives with his wife, and the couple also has two daughters. Menear has donated to the Home Depot Political Action Committee over the years. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. But is Home Depot really a conservative company? The American businessman has kept much of his personal life out of the spotlight. . Got a confidential news tip? 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. callback: cb The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. But scattered among them are several of Trumps friends, supporters, and political donors. Menear has donated to the Home Depot Political Action Committee over the years. Home Depot Inc. said Craig Menear, who took over as chief executive in November, received total compensation last year that was valued at $10.2 million. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Decker took over as CEO in . 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. 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. Alma Mater. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. 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. 5. 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%. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. 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. Search. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. 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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. 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. Political Action Committee, the . But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Author: Lois Furry. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. And some council members such as Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Facebook CEO Mark Zuckerberg have at times been vocal in their opposition to the president and his agenda. To a Spreadsheet or Other File Type. Visit lattitude.net now! The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. Monday, January 31, 2022 6:11 AM UTC. Got a confidential news tip? Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Prior to that, Menear had been the company's chief executive since 2014. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. 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. 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!
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