2023 CNBC LLC. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Craig Menear in Washington | Photos | Reviews | 18 building permits. } Got a confidential news tip? Both men are company veterans. Under his leadership, the company continues to . 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. Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan Public asset : 66,160,504 USD. Alma Mater. 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 . Want to connect with other businesses in the Latino community? Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. . In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 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. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. 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! In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: MENEAR, CRAIG MARIETTA, GA 30068: Home Depot Product Authority,/Home Depot Product Authority,/Chairman Ceo And President: $192: 12/20/2019: P: THE HOME DEPOT INC. Success Story of Craig Menear - Career, Life, Spouse & The Home Depot With this being said, his executive staff has dedicated a lot of time, energy, and effort to making sure they are clearly communicating their approach, strategy, and how each team member has a profound impact on achieving The Home Depots outlined goals. And is Lowe's its liberal counterpart? ET and ABC News Live at 4 p.m. 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. Menear has donated to the Home Depot Political Action Committee over the years. "As a 22-year associate of The Home Depot, Ted . The company currently has around 2200 stores and 400,000 associates. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. The show airs every weeknight at 11 pm Eastern Time on MSNBC. Stay up to date with what you want to know. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Through his able leadership, the company has grown significantly. ADVERTISEMENT. Craig Menear Wiki - Age, Wife, Family, & More. 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. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Thats right. 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 question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Ruffin has given nearly $1 million to Trump Victory, the president's joint fundraising committee with the Republican National Committee, and another $1 million to Trump's inaugural committee. Frank Blake has been Home Depot's chairman and CEO . Has Been Known As The Darling Of Wall Street, 7. Mr . Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. This article about an American businessperson born in the 1950s is a stub. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Craig Menear (born c. 1958) is an American business executive. Home Depot, Lowe's' Politics Don't Diverge As Much As You Might Think The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Mr Menear, getting involved in political statements. Download all contribution records for this person. Have you ever looked at a company or brand and wondered who runs the show? Craig Menear has created a big name for himself in the business of home improvement. There's a video about it on MyApron and probably on loop in your break room too. Mr. Menear owns over 68,468 units of Home Depot stock worth over $71,783,125 and over the last 16 years he sold HD stock worth over $14,995,979. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Menear began working at Home Depot in 1997. But is Home Depot really a conservative company? (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. Monday, January 31, 2022 6:11 AM UTC. 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. 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. In January 2022, The Home Depot announced that he would step . Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times The Home Depot CEO: Craig Menear Biography - Brooksy Sign up for free newsletters and get more CNBC delivered to your inbox. Ethics experts say it is certainly not the first time political donors have netted advisory posts. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . I remember that. 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. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Weve done a number of things throughout our facilities to be able to be more flexible, were working on expanding childcare services, and weve changed the configuration of our buildings in order to facilitate more team integration, Menear explains. Marcus in particular has once again made headlines by vowing to support. listeners: [], So far in 2020, Lowe's' PAC has given a total of $540,500 to politicians, with a breakdown of 30% in contributions to Democratic candidates and 70% in giving to Republican contenders. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. You can find out more information about Menear and the work he has put into The Home Depot online. Craig Menear tries to be on the store floor of a Home Depot almost every week. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Craig Menear Wikipedia Republished // WIKI 2 He isnt necessarily the prototypical hotshot CEO we all imagine in our heads when thinking of somebody who has experienced his degree of success or that wields so much economic power, as a matter of fact, hes humble, soft-spoken, and were you to encounter him on the street, theres probably no way youd know he leads an army of 300,000 ready to help associates spread across the North American continent. 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. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Home Depot picks veteran Ted Decker as new CEO | CNN Business In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. What do you think about the CEO of Home Depot donating all his - Quora window.mc4wp.listeners.push( Craig Menear - Forbes 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. Account will be deleted and I will shop at Lowes! As a result, The Home Depot sought to distance itself from the statement. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Craig Menear email address & phone number | Anheuser-Busch InBev Senior But scattered among them are several of Trumps friends, supporters, and political donors. Political Campaign Contributions. However, he could be reached through his work contacts. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Visit lattitude.net now! Lets get started. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. He has been ranked 29th in the top 1000 CEOs of private and public companies. 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.. 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. We want to hear from you. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. Biography of Craig Menear. Home Depot names company veteran Ted Decker as CEO - CNBC Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. 38/$15,620. 5. "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. His father worked as a tool and die maker at General Motors. 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. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Menear was born c.1958 in Flint, Michigan. He previously served as chief merchant and executive vice president of merchandising. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. 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. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Menear said 98 words. 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. 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. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. "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. Garrett by trade is a personal finance freelance writer and journalist. 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 resides near The Home Depot headquarters, which are located in Atlanta, Georgia. By DEE-ANN DURBIN January 27, 2022. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. However, these actions were met with backlash from the public. Bernie M. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. . Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. [7], In January 2022, The Home Depot announced he would be stepping down as the CEO and President effective March 1, 2022 while continuing to serve as the chairman of the board. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Find contact details for 700 million professionals. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Read more about the author Craig Menear at L'ATTITUDE. 24/7 coverage of breaking news and live events. window.mc4wp = window.mc4wp || { In 2021, the company had 490,600 employees and more than $151 billion in revenue. He serves as the chairman and is the former chief executive officer of The Home Depot. He serves as the chairman and is the former chief executive officer of The Home Depot. His first post-grad job was at Montgomery Ward, a department store chain. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Craig Menear : r/copypasta - reddit Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. 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. 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. Photo by Patrick James Miller for Fortune The breach was, unquestionably . The company is involved in renovating or making additions to houses. We will stand up and speak up, hitting Home . He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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. Hell do an outstanding job leading our company in the years ahead.. Menear was born and raised in Flint, Michigan to his family back in 1958. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. 6. Craig Menear - L'ATTITUDE 2. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: Decker took over as CEO in . As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. He lives with his wife, and the couple also has two daughters. Retail PACs have given a total amount of $5,169,932 to candidates so far this year, with 43% of that money going to Democratic candidates, and 57% going to Republican contenders. It [the investment] will also go into our associates in forms of both wage benefits and technology to help them do their job, Menear adds in a brief chat with Bloomberg. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. The idea is to further unlock the interconnected retail vision the company began building many years ago. In 2007, he was appointed executive vice president of merchandising. We want to hear from you. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? "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. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. That makes up around 9% of the PAC's current cycle to-date disbursements. } 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. 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. Craig A Menear - Add Relationship - LittleSis How it started and how to protect yourself: Tracking the spread in the US and Worldwide. Craig Menear's Home Depot: The Darling Of Wall Street - ChiefExecutive.net The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha Craig Menear. 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. 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. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. His father was a tool and die maker at Flint General Motors. Richard Mcvey: age, children, first wife, height, career, profile, worth. This net worth approximation does not reflect any other investments that Mr. Menear may own. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates .
