Ethics experts say it is certainly not the first time political donors have netted advisory posts. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . Both men are company veterans. 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. 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. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Check your inbox to be the first to know the hottest news. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. 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. 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. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. 21 Famous Transformational Leadership Examples He will be replacing Craig Menear, who has been . Has Worked For More Than Just The Home Depot. 2023 CNBC LLC. All Rights Reserved. Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Have you ever looked at a company or brand and wondered who runs the show? You have to stay focused on the customers needs and when you lose that focus, bad things happen. Work Biography for Craig Menear. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Will Record Tuition Deductions Help Private Colleges? Political Campaign Contributions. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. 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 . With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Craig Menear Chairman & Chief Executive Officer. 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. But is Home Depot really a conservative company? Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. The company's statement didn't give a reason for Menear's retirement. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Trump advisers on reopening economy gave half-billion to Republican Menear has donated to the Home Depot Political Action Committee over the years. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. } Home Depot Inc. While glancing at his 13 years company's stock transaction . Craig Menear's email & phone | 's Board Member contact info - Datanyze To a Spreadsheet or Other File Type. "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. In total, ABC News identified at least 25 individuals appointed to the advisory council who have made substantial donations to his political campaigns or to outside groups supporting his presidency, raising concerns among prominent ethics watchdogs. 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. 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. Craig Menear (born c. 1958) is an American business executive. 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? Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. 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. { 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. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Not the Craig Menear you were looking for? As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. They invested about $11 billion in the improvement of . . 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. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Among other initiatives, they plan on adding 170 distribution facilities across America to reach 90% of the U.S. population in one day or less, moreover, another goal is to open hubs that will consolidate the freight for dispatch on to final-mile delivery vehicles appliances for Interline MRO, Pro, and do it yourself (DIY) hobbyists delivery from DFCs, vendors, and stores, in about 100 locations. Political Action Committee, the . The American entrepreneur cannot be contacted directly via his personal details. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. However, these actions were met with backlash from the public. 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. Corporations have also been active political spenders at the state level. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. window.mc4wp.listeners.push( Access your favorite topics in a personalized feed while you're on the go. 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. With over 10 years experience he's covered businesses, CEOs, and investments. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. President Trump's 'opening the country' council features several JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Atlanta, GA, US View. 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. 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 - YouTube For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. 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. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. 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. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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. 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 then worked at Builders Emporium and was also a distribution manager at IKEA. Tune into ABC at 1 p.m. 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. Craig Menear | ZoomInfo Enjoy our content? Home Depot names company veteran Ted Decker as CEO - CNBC A Division of NBCUniversal. [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. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Home Depot CEO Craig Menear's Life and Career - Business Insider Read more here! Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. From 2015 to 2019, CVS Health gave over $31 million to political non-profits, Intel gave $18 million, Anthem Blue Cross Blue Shield health insurance $16 million, Dow $16 million, AT&T $9 million, and Microsoft $6 million. By December of 2019, The Home Depot was riding high considering online sales had been increasing about $1 billion in each of the previous six years, ultimately making them the 5th largest e-commerce operation in the United States; 50% of the time, customers were choosing to pick up their orders inside their neighborhood store a testament to the home improvement giants interconnected strategy. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. He lives with his wife, and the couple also has two daughters. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. A Home Depot store is seen in Washington, DC, on August 18, 2020. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. 5. Craig Menear - Biography - MarketScreener.com 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. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Executing a move that initially left some scratching their heads, the board appointed Frank Blake CEO after Nardellis departure, he had come from GE as well, and many feared a catastrophic repeat of the past seven years.



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