craig menear politics

Stay up to date with what you want to know. window.mc4wp.listeners.push( Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. Retailers Predict Post-Pandemic Shopping Trends in Q1 Earnings Calls As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. 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. "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". ADVERTISEMENT. He has been ranked 29th in the top 1000 CEOs of private and public companies. A Division of NBCUniversal. That makes a difference, believes Frank Blake. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. 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. 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. 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. 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. The White House announced the appointment of 220 individuals this week assembled by President Donald Trump to serve on an advisory council to assist the White House coronavirus task force in developing a plan to restart the U.S. economy. They outrank your supervisor. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. After completing his university studies, the American businessman got into work at several retailers. Like other CEOs, Craig has been vocal about his political stand in the US elections. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. . The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha Search. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Home Depot names longtime executive as new CEO | AP News 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.. 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. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. 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. The foundation has nearly doubled its political giving since 2018. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Craig Menear Wiki - Age, Wife, Family, & More. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. The Home Depot has become a household name in house renovations, all under the leadership of Craig. Inside the career of Home Depot CEO Craig Menear, who has worked at the Home Depot names company veteran Ted Decker as CEO - CNBC Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Home Depot picks veteran Ted Decker as new CEO | CNN Business 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. [2][4][5], Menear joined Home Depot in 1997. He previously served as chief merchant and executive vice president of merchandising. 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. In 2007, he gained the title of Vice President of Merchandising for the company, which led to his becoming CEO in the fall of 2014. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Author: Lois Furry. 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. Bernie M. Got a confidential news tip? Quickly connect with Craig before . . However, these actions were met with backlash from the public. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Home Depot feels its downstream network consists of four relatively unconnected and independent components, which are store-based delivery, online delivery from direct fulfillment centers (DFC) and vendors, appliance delivery, and Interline brands delivery, explains Forbes. 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. 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. Under his leadership, the company continues to . Craig Menear - Wikipedia The Home Depot on Thursday named a veteran executive as its new CEO. Craig Menear (born c. 1958) is an American business executive. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. From the policy debates to the political fights, today's . Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think "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. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. 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. You have to stay focused on the customers needs and when you lose that focus, bad things happen. About the time off coming up : r/HomeDepot Craig Menear Chairman & Chief Executive Officer. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: 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! The Home Depot - Wikipedia The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Biography of Craig Menear. As a result, The Home Depot sought to distance itself from the statement. Access your favorite topics in a personalized feed while you're on the go. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Visit lattitude.net now! 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. 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. 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. Craig Menear (born c. 1958) is an American business executive. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Learn More about Craig A. Menear's net worth. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Contribution Totals. 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He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Together, they worked on several home improvement projects. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. 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. Others Named Craig Menear. He then worked at Builders Emporium and was also a distribution manager at IKEA. 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. 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. Linked companies : No connection available. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. 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. Inside the career of Home Depot CEO Craig Menear, who has worked at the Craig Menear has created a big name for himself in the business of home improvement. People like Geoffrey Palmer, a colorful California real estate developer who plays professional polo and owns multimillion-dollar mansions in Beverly Hills, Malibu and Aspen, will join the councils "Construction/Labor/Workforce" group, alongside leaders from major unions, including AFL-CIO, International Brotherhood of Teamsters, and Laborers International Union of North America. Got a confidential news tip? [6] He was given $11.5 million in 2016. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. The company also expanded its distribution network, with the goal of offering same-day and next-day delivery to 90% of the U.S. population. Craig Menear - RILA We want to hear from you. [8], Menear is a donor to his alma mater, Michigan State University. Home Depot names Ted Decker as new CEO, replacing Craig Menear Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Atlanta Business Chronicle sits down with Home Depot CEO Craig Menear Photo by Patrick James Miller for Fortune The breach was, unquestionably . All Rights Reserved. You can help Wikipedia by expanding it. Home Depot Names Ted Decker as CEO - WSJ Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. Richard Mcvey: age, children, first wife, height, career, profile, worth. Home Depot CEO - Craig Menear (Age 63) - ListOfCEO Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. 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. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Craig Menear and two executive VPs explain that you can use these hours as you see fit, whether now, or later (summertime beach season for me), or not at all & get paid out for them at the end of the year. [1] He became executive vice president of merchandising in 2007. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Craig Menear is the Chairman of the Board. 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 could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. [1][2] His father worked as a tool and die maker for General Motors. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. That relentless work ethic the future executive displayed must have had something to do with the rugged midwestern upbringing he experienced, after all, his father frequently battered him with the mantra, if youre going to do something, do it 110%, or dont do it at all.. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. . In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. 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. Download all contribution records for this person. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. This site uses Akismet to reduce spam. 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. Corporations have also been active political spenders at the state level. Craig Menear. Craig Menear is chairman, CEO and president of The Home Depot. Here Are The Billionaires Backing Donald Trump's Campaign, As Of Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . 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. What do you think about the CEO of Home Depot donating all his - Quora 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. When Craig Menear started looking for work after college, he wasn't really interested in retail, and he certainly did not imagine one day running the world's largest home improvement retailer. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Craig Menear is chairman and CEO of The Home Depot, the world's largest home improvement retailer with more than 2,200 stores and 400,000 associates. He will be replacing Craig Menear, who has been . However, as of 2021, he is 63 years old. 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. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. His films have been among the biggest box office hits of all time. Text. 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. "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. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . 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). Home Depot has seen tremendous growth during the pandemic, as nesting trends and a strong housing market inspired Americans to invest in their homes or move to bigger places. Outgoing CEO Craig Menear will continue to serve as chair of the board. 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. Atlanta-based Home Depot is a major political player in Georgia. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. 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. Public asset : 66,160,504 USD. 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. He has also served as a Chairman for the company since 2015. Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan Turn on desktop notifications for breaking stories about interest? Craig brings decades of retail experience from mass, home center, specialty and big box retailing to his role during a time when the retail landscape is rapidly changing. And is Lowe's its liberal counterpart? 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. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. He also explained that Dawn had been a great source of support throughout his career. 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%. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Craig Menear - Chairman, CEO and President - CrunchBase 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.

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