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Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. forms: { 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. His father was a tool and die maker at Flint General Motors. 2020 Transaction Count/Amount. Join the Brooksy Society by subscribing to our Monthly Newsletter! With over 10 years experience he's covered businesses, CEOs, and investments. 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 . In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Of course, eager investors rewarded the stock by skyrocketing its value throughout the nationwide lockdown period to the tune of a record high of $339 per share in May 2021. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. 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. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. 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. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Others Named Craig Menear. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Corporations have also been active political spenders at the state level. Craig Menear is chairman, CEO and president of The Home Depot. [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. 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. 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. At least 25 individuals have made substantial donations in support of Trump. Changing the basis of, Read More 10 Things You Didnt Know about Mohit KumarContinue, What do you know about the Chief Technical Officer and co-founder of online chat platform Omegle, Leif K-Brooks? 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. 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. Both men are company veterans. 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. Garrett by trade is a personal finance freelance writer and journalist. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. "As a long-time Home Depot veteran, Craig lives our . The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Data is a real-time snapshot *Data is delayed at least 15 minutes. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. So, while the home improvement giants and the more high-profile founders in the industry may favor Republican candidates at the moment, the partisan donation gap may be starting to balance out. He is on the Board of Directors at Retail Industry Leaders . Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Bernie M. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. His films have been among the biggest box office hits of all time. Menear has been into entrepreneurship from an early age. All Rights Reserved. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Have you ever looked at a company or brand and wondered who runs the show? Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Hell do an outstanding job leading our company in the years ahead.. This article about an American businessperson born in the 1950s is a stub. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. 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. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. 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%. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Home Depot Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. 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. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. Connie Snyder: What do you know about Steve Ballmer wife? He serves as the chairman and is the former chief executive officer of The Home Depot. . [3], Menear was educated at the Flint Central High School, graduating in 1975. 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 fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Steve Ballmer: age, children, wife, house, yacht, profiles, net worth in billions, Get the news that matters from one of the leading news sites in South Africa, Mlungu woman nails pantsula dance moves with Converse All Stars in the township, Creative lady transforms shack into beautiful home, shows off incredible style, 6-year-old girl fighting for her life following pit bull attack, doctors say she got 1000 stitches, SA woman with "shwapa" performs Bhebha dance challenge, people praise confident woman in TikTok video, Details into the life of Samantha Speno, Randy Orton's ex-wife. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. } Palmer has also been one of Trumps most generous political donors, hosting multiple Trump fundraisers at his luxurious Los Angeles home and giving more than $10 million to the president's various fundraising vehicles, including Trumps presidential campaign, multiple Trump-aligned super PACs, and a legal defense fund set up to help pay legal bills for Trump allies caught up in Special Counsel Robert Mueller's investigation of Russian interference in the 2016 election. Earlier this month, a memo from the office of Florida Gov. ATLANTA, Jan. 27, 2022 - The Home Depot , the world's largest home improvement retailer, today announced that Edward "Ted" Decker has been named CEO and president, and has been elected to the company's board of directors, all effective March 1, 2022.Craig Menear, currently chairman and CEO, will continue to serve as Chair of the Board. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. All Rights Reserved. He serves as the chairman and is the former chief executive officer of The Home Depot. 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 . 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? 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 . Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Atlanta, GA, US View. . Here's a look into Menear's life and career: Source: San Diego Tribune, USA Today, Forbes, Source: Federal Election Committee, CNBC, The Center for Responsive Politics. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Will Record Tuition Deductions Help Private Colleges? 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. 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. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. 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. You have to stay focused on the customers needs and when you lose that focus, bad things happen. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. 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 . 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. You can find out more information about Menear and the work he has put into The Home Depot online. A Division of NBCUniversal. Find contact details for 700 million professionals. Craig Menear - Chairman, Chief Executive Officer and President. However, these actions were met with backlash from the public. Details of his birthday and month are yet to be revealed. He has also served as a Chairman for the company since 2015. The show airs every weeknight at 11 pm Eastern Time on MSNBC. 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. 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.. 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. 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. Menear has donated to the Home Depot Political Action Committee over the years. Age : 63. 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.. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. 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. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. [1][2], Menear began his career at several retailers. The foundation has nearly doubled its political giving since 2018. Craig Menear in Washington | Photos | Reviews | 18 building permits. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Craig Menear. Transactions of nine hundred dollars or more, which represent around 20% of Home Depots sales in the United States, began stabilizing by the start of 2010. The Home Depot has become a household name in house renovations, all under the leadership of Craig. Get this delivered to your inbox, and more info about our products and services. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. By DEE-ANN DURBIN January 27, 2022. window.mc4wp.listeners.push( Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. 24/7 coverage of breaking news and live events. Decker, who has . Author: Lois Furry. Public asset : 66,160,504 USD. Learn more about the background of Craig Menear, the highly respected CEO of The Home Depot and his perspective on leadership and the future of business in a. However, as of 2021, he is 63 years old. To a Spreadsheet or Other File Type. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Craig Menear Chairman & Chief Executive Officer. 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 . 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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Since then, he has become a regular donor to his alma mater throughout the years. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Decker took over as CEO in March, when Menear stepped down from that role. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. The company currently has around 2200 stores and 400,000 associates. For some retailers, fewer in-person . Political Action Committee, according to FEC data. } Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Home Depot is the largest home improvement retailer in the United States. callback: cb Under his leadership, the company continues to . 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. "His ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The Home Depot," Menear said in a news release. Craig Menear Wiki - Age, Wife, Family, & More. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. You are already subscribed to our newsletter! Mr. Menear owns over 68,468 units of Home Depot stock worth over $71,783,125 and over the last 16 years he sold HD stock worth over $14,995,979. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. . Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. He is one of the legendary news anchors in America today. 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. Home Depot co-founder Bernie Marcus, who retired more than 20 years ago but has given $7 million to super PACs supporting Trump, is listed in the councils retail group alongside Home Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given $2,700 to the Trump campaign, the maximum an individual can give to a campaign per election. Top editors give you the stories you want delivered right to your inbox each weekday. Craig Menear tries to be on the store floor of a Home Depot almost every week. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. 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. People go: Got it. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. 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. 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. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. 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