craig menear politics craig menear politics

Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. callback: cb 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. According to the Center for Responsive Politics, the Arthur M. Blank Foundation has only given $283 to Democratic candidates in 2020 so far, and zero dollars to Republicans. Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. 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. } There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Find contact details for 700 million professionals. That makes a difference, believes Frank Blake. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Hell do an outstanding job leading our company in the years ahead.. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. 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 . Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: Search. However, these actions were met with backlash from the public. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Account will be deleted and I will shop at Lowes! He lives with his wife, and the couple also has two daughters. 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. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. Has Worked For More Than Just The Home Depot. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. 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 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. Will Record Tuition Deductions Help Private Colleges? We want to hear from you. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. 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. 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 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. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. 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.. Political Action Committee, according to FEC data. Age : 63. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. [1][2], Menear began his career at several retailers. Craig Menear has created a big name for himself in the business of home improvement. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Retail, among the industries hit hardest by the pandemic, received significant representation. } Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. 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. It became apparent this rebuild was reaching for the long-term as the great recession took hold, plunging the companys net income to $756 million in the three months ended Nov. 2, 2008, down 30.7% from $1.1 billion in the same period a year before. If somebody had said, Okay, Frank, here blank sheet of paper. You can help Wikipedia by expanding it. 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. In their personal contributions, Home Depot executives have favored many of the same conservative politicians as Menear, although a number of figures from the company's leadership team have supported liberal politicians like Hillary Clinton. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. 2. 6. His first job was at Montgomery Ward, a department store chain. Author: Lois Furry. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. 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. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. "As a 22-year associate of The Home Depot, Ted . 2. 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. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Monday, January 31, 2022 6:11 AM UTC. 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. Ethics experts say it is certainly not the first time political donors have netted advisory posts. Craig is currently on the board of directors of Retail Industry Leaders Association, Atlanta Committee Progress, and 3DE by Junior of Georgia and Camp Southern Ground. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Craig Menear is the Chairman of the Board. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. 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. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Under his leadership, the company continues to give quality services in supplying tools, construction products. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. While Lowe's lacks a set of high-profile, long-retired Republican mega-donor founders to match those at Home Depot, differences between the two companies' political contribution strategies are thinner that a skim coating of paint. His father worked as a tool and die maker at General Motors. I know what that felt like. If you take care of your associates and take care of your customers, everything else takes care of itself., On August 21st of 2014, The Home Depot announced that Craig Menear, then president of U.S. retail, was named CEO and president, effective November 1, 2014. [2][4][5], Menear joined Home Depot in 1997. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. With the exception of Ellison, the top brass at both home improvement giants largely favor donating to their employer's designated PAC, as well as the occasional specific politician or campaign. He has had the role of Chief Executive Officer since 2014. They outrank your supervisor. 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. He is replaced by former executive vice president Ted Decker. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. They all have backlogs. In order to best position themselves for this rush in Pro sales, Craig Menear and company have continued streamlining their delivery process, outfitting it to handle larger orders,while also ensuring they have stocked up on as much inventory as possible. . 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. For some retailers, fewer in-person . He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. 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. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. 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. Like other CEOs, Craig has been vocal about his political stand in the US elections. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. 2016 Election Cycle. 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. Lets get started. Menear has donated to the Home Depot Political Action Committee over the years. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Sites and apps where to download Afrikaans movies, Top facts: The biggest dams in South Africa, Video of Zamani Mbatha apologising to Snikiwe Mhlongo after cheating scandal goes viral on social media, Who is Kim Fields's dad Erv Hurd? It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. Follow Craig Menear on LinkedIn to get to know them better. Menear was born c.1958 in Flint, Michigan. 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. 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. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. 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. Through his knowledge of restructuring the company for ultimate profitability, the company has exceeded many expectations, and should continue to do so throughout the coming years as well. . Mr. Menear owns over 68,468 units of Home Depot stock worth over $75,521,444 and over the last 16 years he sold HD stock worth over $14,995,979. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. ET and ABC News Live at 4 p.m. 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. Top editors give you the stories you want delivered right to your inbox each weekday. But scattered among them are several of Trumps friends, supporters, and political donors. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . 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. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. 2020 Transaction Count/Amount. 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. Menear has been into entrepreneurship from an early age. Biography of Craig Menear. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. Work Biography for Craig Menear. 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. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. 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. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Craig Menear. 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. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. 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. Menear began working at Home Depot in 1997. 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. Details of his birthday and month are yet to be revealed. "As a long-time Home Depot veteran, Craig lives our . Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. In 2016, he received $11.5 million. 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 . 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 Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Menear said 98 words. 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.. 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Menear, 57, has been president of the company's U.S. retail operations since February . In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. "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. 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%. 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. The American businessman has kept much of his personal life out of the spotlight. Family Life. Check your inbox to be the first to know the hottest news. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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. 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. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. "I have tremendous confidence that he will guide our company to new heights.". Marcus and Langone have spent millions supporting Republican and conservative causes over the years. The company is involved in renovating or making additions to houses. He also explained that Dawn had been a great source of support throughout his career. Both public and private colleges are competing for a limited number of students. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. 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.. The Home Depot on Thursday named a veteran executive as its new CEO. Craig Menear Chairman and Chief Executive Officer. 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. 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. 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. 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. Enjoy our content? Craig Menear in Washington | Photos | Reviews | 18 building permits. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . To find out, Business Insider analyzed Federal Election Commission data for Home Depot and Lowe's executives, as well as data from the Center for Responsive Politics. He is on the Board of Directors at Retail Industry Leaders . Atlanta, GA, US View. 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. 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. He is one of the legendary news anchors in America today. With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Both men are company veterans. 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. Sign up for notifications from Insider! "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. He lives with his wife, and the couple also has two daughters. 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. Together, they worked on several home improvement projects. "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 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 . 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. Got a confidential news tip? Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. window.mc4wp = window.mc4wp || { 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. 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. Home Depot Inc. [6] He was given $11.5 million in 2016. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. He has been ranked 29th in the top 1000 CEOs of private and public companies.