[2] He graduated from Michigan State University's Eli Broad College of Business in 1979. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year He replaces former CEO Craig Menear, who will retire as chair Sept. 30. There's a video about it on MyApron and probably on loop in your break room too. Enjoy our content? 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. Others Named Craig Menear. 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 . The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Craig Menear. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 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. 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. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. What are the admission requirements to study medicine at UCT 2022? The Center for Responsive Politics found that in the year 2020, donations in the retail sphere have been more even across the political spectrum than usual. In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). A Home Depot store is seen in Washington, DC, on August 18, 2020. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. This article about an American businessperson born in the 1950s is a stub. "Were happy to give input and ideas on the roadmap for reopening the economy, the statement reads, and were also doing this through Craigs participation with other organizations such as the Business Roundtable.". 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, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Decker took over as CEO in March, when Menear stepped down from that role. Craig Menear, chairman, president, and CEO of The Home Depot and alumnus of the Broad College of Business, was the commencement speaker at the spring undergr. Thats right. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. Will Record Tuition Deductions Help Private Colleges? 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. We lost that focus in the mid-2000s and candidly, we blew one of the biggest housing booms this country has ever seen in the 2004, 2005, 2006 era.. His skills can be looked up to and learned from. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 2. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. 2020 Transaction Count/Amount. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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. 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. Mr Menear, getting involved in political statements. He then worked at Builders Emporium and was also a distribution manager at IKEA. 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. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. 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. Under his leadership, the company continues to give quality services in supplying tools, construction products. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Get this delivered to your inbox, and more info about our products and services. But is Home Depot really a conservative company? Prior to his retirement in November 2011, Mr. Arpey served as Chief Executive Officer of AMR Corporation, a global airline holding company, and its subsidiary American Airlines, from 2003 through November 2011, immediately prior to their voluntary filing for reorganization . ADVERTISEMENT. 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. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. This site uses Akismet to reduce spam. He has also served as a Chairman for the company since 2015. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Many people are familiar with him because of his decade-long stint in the media industry. . 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. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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. Like other CEOs, Craig has been vocal about his political stand in the US elections. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. You have to stay focused on the customers needs and when you lose that focus, bad things happen. "President Trump, who has already brought together the private sector and federal government for unprecedented collaboration during the COVID-19 pandemic, is beginning a dialogue with prominent and successful individuals across multiple industries with different backgrounds and skillsets for the monumental task of re-opening the American economy," Deere wrote. Since Targa Resources is a member of the Fortune 500 list, this means that Perkins possesses considerable influence when it comes to the companys specialties, which, Read More 10 Things You Didnt Know about Targa Resources CEO Joe Bob PerkinsContinue, Are you looking to start a fast food restaurant franchise? 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. 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. Search. 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. Public asset : 66,160,504 USD. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Mr . In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. Menear has donated to the Home Depot Political Action Committee over the years. Political Action Committee, according to FEC data. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Garrett by trade is a personal finance freelance writer and journalist. He also explained that Dawn had been a great source of support throughout his career. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. 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. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. Under his leadership, the company continues to . 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. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Tune into ABC at 1 p.m. 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. He will be replacing Craig Menear, who has been . The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. 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. In 2007, he was appointed executive vice president of merchandising. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. 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. 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 . Both have vocalized consistent support for US President Donald Trump. Corporations have also been active political spenders at the state level. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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? ET and ABC News Live at 4 p.m. 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. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. The second best result is Craig Allen Menear age 40s in Valparaiso, IN. 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. ); Reply. window.mc4wp.listeners.push( Quickly connect with Craig before . Contribution Totals. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Craig Menear is chairman, CEO and president of The Home Depot. Atlanta-based Home Depot is a major political player in Georgia. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Follow Craig Menear on LinkedIn to get to know them better. Shares of the company were effectively flat after hours. 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. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. 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. Home Depot co-founder Bernie Marcus, who retired more than 20 years ago but has given $7 million to super PACs supporting Trump, is listed in the councils retail group alongside Home Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given $2,700 to the Trump campaign, the maximum an individual can give to a campaign per election.

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