Alma Mater. They invested about $11 billion in the improvement of . Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. All Rights Reserved. Teddy W Solomon says: April 4, 2021 at 5:19 pm. Decker took over as CEO in . In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. . 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 . 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. [1][2] His father worked as a tool and die maker for General Motors. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: He serves as the chairman and is the former chief executive officer of The Home Depot. Craig Menear - $15,620 in Political Contributions for 2020 - CampaignMoney Craig Menear Political Contributions in 2020. Menear has been into entrepreneurship from an early age. In 2007, he was appointed executive vice president of merchandising. Will Record Tuition Deductions Help Private Colleges? He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. As a result, The Home Depot sought to distance itself from the statement. This site uses Akismet to reduce spam. We want to hear from you. [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. 5. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. He then worked at Builders Emporium and was also a distribution manager at IKEA. In total, ABC News identified at least 25 individuals appointed to the advisory council who have made substantial donations to his political campaigns or to outside groups supporting his presidency, raising concerns among prominent ethics watchdogs. Enjoy our content? While glancing at his 13 years company's stock transaction . Success Story of Craig Menear - Career, Life, Spouse & The Home Depot If somebody had said, Okay, Frank, here blank sheet of paper. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. 2020 Transaction Count/Amount. Mr . Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. 2. Reply. . 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. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. 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 . Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. HOME DEPOT INC Executive Salaries & Other Compensation - Salary.com 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 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Read more here! In 2021, the company had 490,600 employees and more than $151 billion in revenue. . Got a confidential news tip? 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. Craig A Menear - Add Relationship - LittleSis 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. Give Me an H: Chairman and CEO Craig Menear's Passion for Retail Starts There's a video about it on MyApron and probably on loop in your break room too. Decker took over as CEO in March, when Menear stepped down from that role. "President Trumps policies built a booming economy and they will do so again.". "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Craig Menear. 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. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. 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. 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. Visit lattitude.net now! 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. 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. Craig Menear - Chairman, CEO and President - CrunchBase Menear has donated to the Home Depot Political Action Committee over the years. His father worked as a tool and die maker at General Motors. His first job was at Montgomery Ward, a department store chain. They have also lived in Monrovia, CA and Kingston, TN. 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. Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney Craig Menear email address & phone number | Anheuser-Busch InBev Senior { Biography of Craig Menear. 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. "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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. 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. Craig Menear replacing Frank Blake as Home Depot CEO - ajc 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. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. 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.. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Menear has donated to the Home Depot Political Action Committee over the years. Craig Menear : r/copypasta - reddit 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. 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. Menear was born in Flint, Michigan, USA, in the year 1958. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. Menear was born c.1958 in Flint, Michigan. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. Craig Menear (born c.1958) is an American business executive. His films have been among the biggest box office hits of all time. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Craig Menear tries to be on the store floor of a Home Depot almost every week. Craig Menear Net Worth (2023) | wallmine With over 10 years experience he's covered businesses, CEOs, and investments. Photo by Patrick James Miller for Fortune The breach was, unquestionably . 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 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. To examine the politics of the home improvement sector beyond the issue of politically-polarized founders, Business Insider combed through the FEC records for each company's current leadership team and examined the Center for Responsive Politics' breakdown of each company's in-house PAC for answers. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. He is one of the legendary news anchors in America today. 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. 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All Rights Reserved. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Menear was born and raised in Flint, Michigan to his family back in 1958. Home Depot picks veteran Ted Decker as new CEO | CNN Business That makes a difference, believes Frank Blake. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. 21 Famous Transformational Leadership Examples According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. 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. . He is replaced by former executive vice president Ted Decker. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. What are the admission requirements to study medicine at UCT 2022? Under his leadership, the company continues to give quality services in supplying tools, construction products. They outrank your supervisor. 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. Inside the career of Home Depot CEO Craig Menear - Business Insider For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. You are already subscribed to our newsletter! Many people are familiar with him because of his decade-long stint in the media industry. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. Shares of the company were effectively flat after hours. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. "During Ted's tenure as CEO and a member of the board, we have witnessed firsthand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair," Greg Brenneman, the board's lead director, said in a news release. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. I remember that. Top editors give you the stories you want delivered right to your inbox each weekday. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. A Division of NBCUniversal. In this article, we are going to reveal to you ten things that you may not have known about Menear, and his time on top in The Home Depot 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 . The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Changing the basis of, Read More 10 Things You Didnt Know about Mohit KumarContinue, What do you know about the Chief Technical Officer and co-founder of online chat platform Omegle, Leif K-Brooks? He also explained that Dawn had been a great source of support throughout his career. Public asset : 66,160,504 USD. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. Richard Mcvey: age, children, first wife, height, career, profile, worth. Menear said 98 words. 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. Home Depot Co-Founder Endorses Donald Trump | Snopes.com Craig Menear - RILA Tell Wealthy Corporations to Stop Bankrolling the Republicans Home Depot names Craig Menear new CEO starting Nov. 1 listeners: [], Monday, January 31, 2022 6:11 AM UTC. 10 Things You Didn't Know About Home Depot CEO Craig Menear - Money Inc I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. Access your favorite topics in a personalized feed while you're on the go. Sign up for free newsletters and get more CNBC delivered to your inbox. The American entrepreneur cannot be contacted directly via his personal details. ); Want to connect with other businesses in the Latino community? Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. He has had the role of Chief Executive Officer since 2014. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. 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. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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. Thats right. 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. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Not the Craig Menear you were looking for? He replaces former CEO Craig Menear, who will retire as chair Sept. 30. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home 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. He attended Flint Central High School. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. And is Lowe's its liberal counterpart? Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. [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. Trump advisers on reopening economy gave half-billion to Republican Political Action Committee, according to FEC data. 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. We will stand up and speak up, hitting Home . Menear has been at the retailer for more than 20 years and began as CEO in November 2014. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Dealing a further blow to internal morale, he also increased the number of less knowledgeable part-time workers at Home Depots stores, which left full-time employees fuming and led to a diminishment of customer service, one of the companys strengths, recounted Barry Henderson, an equities expert at T. Rowe Price. Home Depot on Thursday also announced a new $15 billion share-buyback program. 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. He became president and COO in October 2020. 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 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 . window.mc4wp = window.mc4wp || { This article about an American businessperson born in the 1950s is a stub. Earlier this month, a memo from the office of Florida Gov. Follow Craig Menear on LinkedIn to get to know them better. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000.