craig menear politics
In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Craig Menear politics. 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. 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. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. However, these actions were met with backlash from the public. 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? 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. listeners: [], He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Check your inbox to be the first to know the hottest news. He is on the Board of Directors at Retail Industry Leaders . 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. 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. In January 2022, The Home Depot announced that he would step . Political Action Committee, the . 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. Both have vocalized consistent support for US President Donald Trump. His first post-grad job was at Montgomery Ward, a department store chain. Richard Mcvey: age, children, first wife, height, career, profile, worth. 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.. The company is involved in renovating or making additions to houses. 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. 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 . The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. event : evt, "President Trumps policies built a booming economy and they will do so again.". His father worked as a tool and die maker at General Motors. Many people are familiar with him because of his decade-long stint in the media industry. Other prominent Trump donors on the council include Harold Hamm of Continental Resources, Paul Singer of Elliot Management, New England Patriots owner Bob Kraft, and M Crowd Restaurant owner Ray Washburne. The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Bernie M. All Rights Reserved. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. "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.". Menear was born and raised in Flint, Michigan to his family back in 1958. In 2016, he received $11.5 million. He serves as the chairman and is the former chief executive officer of The Home Depot. . "As a long-time Home Depot veteran, Craig lives our . What are the admission requirements to study medicine at UCT 2022? 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 founders and Republican mega-donors Ken Langone and Bernie Marcus have attracted controversy over their donations to Republican groups and politicians, including US President Donald Trump. Hell do an outstanding job leading our company in the years ahead.. Have you ever looked at a company or brand and wondered who runs the show? Executing a move that initially left some scratching their heads, the board appointed Frank Blake CEO after Nardellis departure, he had come from GE as well, and many feared a catastrophic repeat of the past seven years. Decker took over as CEO in March, when Menear stepped down from that role. Political Action Committee, according to FEC data. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Craig Menear tries to be on the store floor of a Home Depot almost every week. Get this delivered to your inbox, and more info about our products and services. His films have been among the biggest box office hits of all time. His father was a tool and die maker at Flint General Motors. 5. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Sign up for free newsletters and get more CNBC delivered to your inbox. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. In his role as a news anchor, he has covered more than 300 hours of live, breaking news coverage, including the 2016 presidential campaign and events around the world. By DEE-ANN DURBIN January 27, 2022. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. In 2007, he was appointed executive vice president of merchandising. 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. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. 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. He lives with his wife, and the couple also has two daughters. 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. 6. Craig Menear Chairman & Chief Executive Officer. 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. His family also took part in the tool and improvement industry, as his father worked as a tool maker and dye maker for the company General Motors. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. The American entrepreneur cannot be contacted directly via his personal details. 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.. 38/$15,620. He also explained that Dawn had been a great source of support throughout his career. Recruited from General Electric, Robert Nardelli was CEO of The Home Depot between 2000 and 2007, his tenure at the home improvement giant has since been scrutinized by analysts as far-reaching as the Wharton School of Finance, where one published study argueshe brought the wrong toolbox to the job. 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. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). This site uses Akismet to reduce spam. Retail, among the industries hit hardest by the pandemic, received significant representation. Menear was born c.1958 in Flint, Michigan. Net sales increased 44 percent to $108.5 billion in the first quarter, after already increasing 38 percent to $386.1 billion during the full year of 2020. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. forms: { Ethics experts say it is certainly not the first time political donors have netted advisory posts. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. 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. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 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. 24/7 coverage of breaking news and live events. Outgoing CEO Craig Menear will continue to serve as chair of the board. [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. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. 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. [1][2], Menear began his career at several retailers. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. Updated April 6, 2015 6:34 pm ET. 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. 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? Palmer's real estate firm G.H. } In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. Select this result to view Craig Albert Menear's phone number, address, and more. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City. 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. 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. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . During his childhood, he had a lawn care business with which he bought his first car. As published in the Atlanta Business Chronicle on June 1, 2018In early 2014, three people were in the running to succeed Frank Blake as CEO of The Home Depot Inc. Craig Menear, who eventually . . That makes up around 9% of the PAC's current cycle to-date disbursements. 2. Menear has donated to the Home Depot Political Action Committee over the years. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Read more here! NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. 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. He then worked at Builders Emporium and was also a distribution manager at IKEA. Following his brief stint with the fledgling clothing store, Ellison got named CEO of Lowes, an international home improvement retailer that is largely considered his previous employers most fervent competitor. 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. 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. [1][2] His father worked as a tool and die maker for General Motors. Prior to that, Menear had been the company's chief executive since 2014. Find contact details for 700 million professionals. JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Reply. 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. His skills can be looked up to and learned from. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. He has also served as a Chairman for the company since 2015. The idea is to further unlock the interconnected retail vision the company began building many years ago. The Home Depot is doing better than ever in the tool and home improvement industry, and continues to make strides in the ever changing society in which we live. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. We want to hear from you. 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. 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. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. People go: Got it. Garrett by trade is a personal finance freelance writer and journalist. His triumphs have clearly been shown, as in his three years in the position have led to amazing stock records (as we mentioned before), and the company appears to be doing better than ever while continuing to evolve. In addition to naming Home Depot CEO Craig Menear to its list, the White House also listed Home Depot co-founders Bernie Marcus and Ken Langone.Both of those billionaires no longer work for the home improvement company, but they are major Republican donors. You could say that Menear has had a love for home improvement instilled in his blood from a young age. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. In 2021, the company had 490,600 employees and more than $151 billion in revenue. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. For starters, seasoned associates at the company were less than thrilled to watch him oust long-time, trusted executives and replace them with outsider GE alumni. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. 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%. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. "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. 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. All Rights Reserved. Craig Menear is the Chairman of the Board. Here's a look into Menear's life and career: Source: San Diego Tribune, USA Today, Forbes, Source: Federal Election Committee, CNBC, The Center for Responsive Politics. Menear has donated to the Home Depot Political Action Committee over the years. He serves as the chairman and is the former chief executive officer of The Home Depot. Follow Craig Menear on LinkedIn to get to know them better. 2. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . "I have tremendous confidence that he will guide our company to new heights.". As a long-time Home Depot veteran, Craig lives our values and embodies our culture. His first job was at Montgomery Ward, a department store chain. 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. Details of his birthday and month are yet to be revealed. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. The company's statement didn't give a reason for Menear's retirement. 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. Not the Craig Menear you were looking for? Despite the fact he walked away with a dreamy retirement package worth up to $210 million, his practices left Home Depot in a compromised position, particularly due to the cost cuts that were being made to reach inauthentic quarterly objectives they inadvertently wreaked havoc on the ground floor, in other words, where the customer spends their money. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Craig Menear in Washington | Photos | Reviews | 18 building permits. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. But a modicum of political change may be at hand for both retailers in the coming election cycle. } Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. Craig Menear has created a big name for himself in the business of home improvement. Turn on desktop notifications for breaking stories about interest? Craig Menear: Home Depot Up until about 2013, Home Depot was an excellent place to drive over and grab what you needed for your special project. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. Got a confidential news tip? At least 25 individuals have made substantial donations in support of Trump. And some council members such as Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Facebook CEO Mark Zuckerberg have at times been vocal in their opposition to the president and his agenda. 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. Under his leadership, the company continues to give quality services in supplying tools, construction products. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Lets get started. You can find out more information about Menear and the work he has put into The Home Depot online. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Craig Menear Political Contributions in 2020. 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. 2023 CNBC LLC. If somebody had said, Okay, Frank, here blank sheet of paper. To a Spreadsheet or Other File Type. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. 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. 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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. 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. 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.. Home Depot is the largest home improvement retailer in the United States. 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. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Access your favorite topics in a personalized feed while you're on the go. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Tune into ABC at 1 p.m. Has Worked For More Than Just The Home Depot. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . Others Named Craig Menear. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. He serves as the chairman and is the former chief executive officer of The Home Depot. 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. But is Home Depot really a conservative company? Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. Data is a real-time snapshot *Data is delayed at least 15 minutes. Briefly.co.za recently published an article about Brian Williams' biography. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. Craig Menear. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. The Home Depot on Thursday named a veteran executive as its new CEO. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. "As a 22-year associate of The Home Depot, Ted . For some retailers, fewer in-person . 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.
