You can find out more information about Menear and the work he has put into The Home Depot online. Work Biography for Craig Menear. Author: Lois Furry. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Search. Tune into ABC at 1 p.m. Craig Menear Wiki - Age, Wife, Family, & More. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. You have to stay focused on the customers needs and when you lose that focus, bad things happen. [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. Political Action Committee, the . Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Craig Menear Chairman & Chief Executive Officer. 2023 CNBC LLC. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. 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. Menear has donated to the Home Depot Political Action Committee over the years. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. 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. Steve Ballmer: age, children, wife, house, yacht, profiles, net worth in billions, Get the news that matters from one of the leading news sites in South Africa, Mlungu woman nails pantsula dance moves with Converse All Stars in the township, Creative lady transforms shack into beautiful home, shows off incredible style, 6-year-old girl fighting for her life following pit bull attack, doctors say she got 1000 stitches, SA woman with "shwapa" performs Bhebha dance challenge, people praise confident woman in TikTok video, Details into the life of Samantha Speno, Randy Orton's ex-wife. Craig Menear tries to be on the store floor of a Home Depot almost every week. 38/$15,620. Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear is chairman, CEO and president of The Home Depot. He worked his way through, and in 2007 he was named the Vice President of Merchandising. 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. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Select this result to view Craig Albert Menear's phone number, address, and more. 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. Top editors give you the stories you want delivered right to your inbox each weekday. . 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. 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Many people are familiar with him because of his decade-long stint in the media industry. 2. Earlier this month, a memo from the office of Florida Gov. Access your favorite topics in a personalized feed while you're on the go. That makes a difference, believes Frank Blake. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. 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. As Craig Menear put it: that was a significant improvement compared to double-digit declines in previous quarters in 2009. He attributed the improvement to consumers snapping up values in Home Depots appliances, water heaters, and windows categories. Contribution Totals. He serves as the chairman and is the former chief executive officer of The Home Depot. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. 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.. But is Home Depot really a conservative company? He has been ranked 29th in the top 1000 CEOs of private and public companies. Political Campaign Contributions. 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. 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. Menear has donated to the Home Depot Political Action Committee over the years. Both have vocalized consistent support for US President Donald Trump. event : evt, Photo by Patrick James Miller for Fortune The breach was, unquestionably . The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Home Depot feels its downstream network consists of four relatively unconnected and independent components, which are store-based delivery, online delivery from direct fulfillment centers (DFC) and vendors, appliance delivery, and Interline brands delivery, explains Forbes. He is on the Board of Directors at Retail Industry Leaders . Together, they worked on several home improvement projects. 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? It should be no surprise that Craig Menear has had the success to become a millionaire during his career. 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. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. Data is a real-time snapshot *Data is delayed at least 15 minutes. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Home Depot Inc. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Craig Menear is an inspiration to all the upcoming businesspersons. Alma Mater. 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. Read more here! "It's bizarre to me that there's nobody representing public health," Virginia Canter, chief ethics counsel at Washington-based advocacy group Citizens for Responsibility and Ethics in Washington, told ABC News. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. 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. window.mc4wp = window.mc4wp || { Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. 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. The foundation has nearly doubled its political giving since 2018. Through his able leadership, the company has grown significantly. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". 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. 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. Under his leadership, the company continues to . Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. "As a 22-year associate of The Home Depot, Ted . In 2007, he was appointed executive vice president of merchandising. 24/7 coverage of breaking news and live events.
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