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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%. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Under his leadership, the company continues to give quality services in supplying tools, construction products. 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. Will Record Tuition Deductions Help Private Colleges? Craig Menear (born c. 1958) is an American business executive. 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! In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . 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. 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. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. They have also lived in Monrovia, CA and Kingston, TN. You can find out more information about Menear and the work he has put into The Home Depot online. 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. He became president and COO in October 2020. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. However, he could be reached through his work contacts. Select this result to view Craig Albert Menear's phone number, address, and more. His skills can be looked up to and learned from. 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. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Menear said 98 words. [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 retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. listeners: [], The company's statement didn't give a reason for Menear's retirement. References This . event : evt, Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. 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. 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. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Others Named Craig Menear. 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. Corporations have also been active political spenders at the state level. Adelson did not respond to a request for comment. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. Retail, among the industries hit hardest by the pandemic, received significant representation. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 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. Details of his birthday and month are yet to be revealed. callback: cb [2][4][5], Menear joined Home Depot in 1997. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Country of residence : Unknown. Craig Menear Chairman and Chief Executive Officer. 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. 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 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. 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. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. "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. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Its worth noting that while board room deliberations ensued regarding Blakes successor, the companys head of U.S. stores, Marvin Ellison and CFO Carol Tome were also potential contenders for the top spot. 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. 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! Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Updated April 6, 2015 6:34 pm ET. Get this delivered to your inbox, and more info about our products and services. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Logistics is huge, and if you step back to just twelve years ago, our business has changed pretty dramatically [since then], he explained at a 2018 Michigan leadership summit. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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. Account will be deleted and I will shop at Lowes! In 2007, he was appointed executive vice president of merchandising. His films have been among the biggest box office hits of all time. We want to hear from you. Menear has donated to the Home Depot Political Action Committee over the years. "Craig is always careful not to make the success of The Home Depot about him, but to make it about all of the team," said Frank Blake, Menear's predecessor as CEO, serving in the role from . 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. This net worth approximation does not reflect any other investments that Mr. Menear may own. Craig was named CEO and president in November 2014 and chairman in February 2015. Both public and private colleges are competing for a limited number of students. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Biography of Craig Menear. 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. 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. Together, they worked on several home improvement projects. 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. Outgoing CEO Craig Menear will continue to serve as chair of the board. Learn how your comment data is processed. As a result, The Home Depot sought to distance itself from the statement. 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. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Palmer's real estate firm G.H. Marcus in particular has once again made headlines by vowing to support. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 2016 Election Cycle. 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. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Craig Menear - Chairman, Chief Executive Officer and President. 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. 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. 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 . There's a video about it on MyApron and probably on loop in your break room too. Menear, 57, has been president of the company's U.S. retail operations since February . . I remember that. 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. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. The idea is to further unlock the interconnected retail vision the company began building many years ago. That makes up around 9% of the PAC's current cycle to-date disbursements. 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. . [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. Menear has donated to the Home Depot Political Action Committee over the years. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. 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 . 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. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. Follow Craig Menear on LinkedIn to get to know them better. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 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. "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. He has also served as a Chairman for the company since 2015. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. 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. Home Depot on Thursday also announced a new $15 billion share-buyback program. Home Depot Inc. (function() { "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. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign.