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. Brian is currently a news anchor of The 11th Hour with Brian Williams. President Trump's 'opening the country' council features several political donors and supporters . 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. Menear, 57, has been president of the company's U.S. retail operations since February . . The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. You could say that Menear has had a love for home improvement instilled in his blood from a young age. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. })(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. 24/7 coverage of breaking news and live events. 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. The company currently has around 2200 stores and 400,000 associates. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). 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. Hell do an outstanding job leading our company in the years ahead.. He serves as the chairman and is the former chief executive officer of The Home Depot. Menear has been into entrepreneurship from an early age. He attended Flint Central High School. Craig Menear (born c. 1958) is an American business executive. 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 . For Langone, recent beneficiaries include official Republican Party offices across the United States, as well as big-name Republican members of Congress like Kevin McCarthy and Tom Cotton. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. A Division of NBCUniversal. Rapidly putting his know-how to work, the young man from Flint climbed his way up from divisional merchandise manager for the southwest division to senior vice president of merchandising for hardlines by 2003. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. 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. 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. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. 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. Success Story of Craig Menear - Career, Life, Spouse & The Home Depot People go: Got it. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. He serves as the chairman and is the former chief executive officer of The Home Depot. Details of his birthday and month are yet to be revealed. [1] He became executive vice president of merchandising in 2007. Craig Menear Wiki - Age, Wife, Family, & More. [1][2], Menear began his career at several retailers. Decker took over as CEO in . 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. 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. You have to stay focused on the customers needs and when you lose that focus, bad things happen. There's a video about it on MyApron and probably on loop in your break room too. Home Depot CEO Craig Menear leaves his post | exechange 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Garrett by trade is a personal finance freelance writer and journalist. "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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Want to connect with other businesses in the Latino community? In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Donald Trump, left, and his partner, developer Phil Ruffin, speak during an opening ceremony for the Trump International Hotel & Tower Las Vegas, April 11, 2008, in Las Vegas, Nevada. Craig Menear - RILA In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Who makes the tough business decisions to keep the company prosperous and overwhelmingly popular throughout the course of its history, and in this tough society? Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. World Wrestling Entertainment Vince McMahon, the husband of major Trump donor and fundraiser Linda McMahon, is also listed as a member under the sports group. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC However, as of 2021, he is 63 years old. 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. Home Depot Inc. 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.. Craig A. Menear: CEO Pay $13,059,751: Median Employee Pay $28,697: CEO Pay Ratio 455:1: Board of Directors in HOME DEPOT INC. For its 2021 fiscal year, HOME DEPOT INC, listed the following board members on its annual proxy statement to the SEC. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. 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. 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. He previously served as chief merchant and executive vice president of merchandising. 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. (function() { Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. In 2007, he was appointed executive vice president of merchandising. 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, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. 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. 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! Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. He has had the role of Chief Executive Officer since 2014. ADVERTISEMENT. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Inside the career of Home Depot CEO Craig Menear - Business Insider Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Craig Menear - Forbes The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 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. Craig Menear Net Worth, Biography, and Insider Trading Craig Menear Wikipedia Republished // WIKI 2 When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. You can find out more information about Menear and the work he has put into The Home Depot online. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . 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. Craig Menear. Craig Menear Net Worth (2023) | wallmine As a long-time Home Depot veteran, Craig lives our values and embodies our culture. 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.. Account will be deleted and I will shop at Lowes! Access your favorite topics in a personalized feed while you're on the go. 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. } As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Craig Menear is the Chairman of the Board. 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. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. 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.
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