craig menear politics craig menear politics

Quickly connect with Craig before . } In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Craig Menear is an inspiration to all the upcoming businesspersons. Got a confidential news tip? If somebody had said, Okay, Frank, here blank sheet of paper. Fostering his own entrepreneurial spirit, as a kid, he set up a neighborhood lawn care business that triumphantly led to him purchasing his first car with personal savings. He lives with his wife, and the couple also has two daughters. His films have been among the biggest box office hits of all time. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Age : 63. 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. "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.". 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. Sign up for notifications from Insider! 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. 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. The American businessman has kept much of his personal life out of the spotlight. Get this delivered to your inbox, and more info about our products and services. window.mc4wp = window.mc4wp || { 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.. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. Starting in 2019, a Nevada voter named Patrick Farrah is listed by the FEC as having donated thousands toward Republican candidates like Lindsey Graham, Mitch McConnell, Kevin McCarthy, and Duncan Hunter, as well as the PAC Bikers for the President. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. His own father was a tool and die maker that worked at GM for forty-one years, and on the few off days to be had, the working-class man often recruited the help of his son for strenuous home improvement projects; perhaps Craig enjoyed these early boyhood do-it-yourself construction tasks, considering the billion-dollar company hed ultimately helm. A persistent Spartan, hed drive the aging aforementioned vehicle to and fro the college campus where he slogged his way through two years of math and statistics that didnt come easy. 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. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. The Home Depot on Thursday named a veteran executive as its new CEO. Political Action Committee, the . By DEE-ANN DURBIN January 27, 2022. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. 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. Access your favorite topics in a personalized feed while you're on the go. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 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! 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.. 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. Stay up to date with what you want to know. Retail, among the industries hit hardest by the pandemic, received significant representation. Biography of Craig Menear. 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. Adelson did not respond to a request for comment. 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. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Craig was named CEO and president in November 2014 and chairman in February 2015. Like other CEOs, Craig has been vocal about his political stand in the US elections. Craig may not officially change The Home Depot's signature orange color, but his allegiance to the green and white is as strong as ever. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. 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. 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. At least 25 individuals have made substantial donations in support of Trump. The idea is to further unlock the interconnected retail vision the company began building many years ago. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Contribution Totals. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates, according to the Center for Open Politics. 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 . Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Atlanta-based Home Depot is a major political player in Georgia. "As a 22-year associate of The Home Depot, Ted . . Decker took over as CEO in March, when Menear stepped down from that role. 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. However, as of 2021, he is 63 years old. 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. 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. 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. 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. 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. Updated April 6, 2015 6:34 pm ET. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. Since then, he has become a regular donor to his alma mater throughout the years. window.mc4wp.listeners.push( Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. Decker took over as CEO in March, when Menear stepped down from that role. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Craig Menear in Washington | Photos | Reviews | 18 building permits. "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. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Menear, 57, has been president of the company's U.S. retail operations since February . While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. He serves as the chairman and is the former chief executive officer of The Home Depot. 6. "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 . 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 . But scattered among them are several of Trumps friends, supporters, and political donors. "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. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. . Through his able leadership, the company has grown significantly. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. However, he could be reached through his work contacts. 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. He will be replacing Craig Menear, who has been . Menear has donated to the Home Depot Political Action Committee over the years. People go: Got it. Together, they worked on several home improvement projects. 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%. 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. That same day, America First Action announced a $26.6 million investment in broadcast television ad buys set to run in the fall in the battleground states, including $18 million in Florida. Under his leadership, the company continues to . The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. 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. 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 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 . He has been ranked 29th in the top 1000 CEOs of private and public companies. Menear was born in Flint, Michigan, USA, in the year 1958. President Trump's 'opening the country' council features several political donors and supporters .