Home Depot Names Ted Decker as CEO - WSJ 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's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. To a Spreadsheet or Other File Type. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. window.mc4wp = window.mc4wp || { 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. 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? Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. 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). 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. The Home Depot has become a household name in house renovations, all under the leadership of Craig. [1] He became executive vice president of merchandising in 2007. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. listeners: [], According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Menear was born in Flint, Michigan, USA, in the year 1958. Atlanta-based Home Depot is a major political player in Georgia. Account will be deleted and I will shop at Lowes! 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. Craig A Menear, Home Depot Inc: Profile and Biography Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. Craig Menear, CEO of The Home Depot Wiki: Salary, Net - wikinetworth 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. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: "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. How Home Depot CEO Frank Blake kept his legacy from being hacked In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. . In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. After graduating from MSU, Menear began his career at the modest, now-defunct retailer, Montgomery Ward; which was a pioneering mail order and department store retailer that operated between 1872 and 2001. The Home Depot Names Ted Decker CEO, Effective March 1, 2022; Craig 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 - Chairman, Chief Executive Officer and President. 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. Home Depot CEO Craig Menear leaves his post | exechange Craig Menear Net Worth, Biography, and Insider Trading 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. { As a long-time Home Depot veteran, Craig lives our values and embodies our culture. The company is involved in renovating or making additions to houses. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: 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. 38/$15,620. 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. Read more about the author Craig Menear at L'ATTITUDE. 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. Others Named Craig Menear. Menear began working at Home Depot in 1997. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. 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. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. 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. Learn More about Craig A. Menear's net worth. 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. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. 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. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Craig Menear : r/copypasta - reddit } 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. Corporations have also been active political spenders at the state level. He lives with his wife, and the couple also has two daughters. Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Fla., Dec. 7, 2019. 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 . Under his leadership, the company continues to give quality services in supplying tools, construction products. "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. [8], Menear is a donor to his alma mater, Michigan State University. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Craig Menear Political Contributions in 2020. Contribution Totals. Photo by Patrick James Miller for Fortune The breach was, unquestionably . That makes up around 9% of the PAC's current cycle to-date disbursements. Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Has Worked For More Than Just The Home Depot. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Monday, January 31, 2022 6:11 AM UTC. Inside the career of Home Depot CEO Craig Menear - Business Insider Menear has donated to the Home Depot Political Action Committee over the years. 6. Got a confidential news tip? The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Michigan State was a great economic opportunity to be able to get a great education and a great life, and I am very happy to be able to give back some of what was given to me, he divulges to the schools newspaper, having earned his bachelors degree in a fairly swift four years, with the class of 79. 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. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. He worked his way through, and in 2007 he was named the Vice President of Merchandising. 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That growth has continued, including in the most recent fiscal quarter, even as some consumers hired home professionals in lieu of do-it-yourself projects. Mr Menear, getting involved in political statements. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . With over 10 years experience he's covered businesses, CEOs, and investments. Through his knowledge of restructuring the company for ultimate profitability, the company has exceeded many expectations, and should continue to do so throughout the coming years as well. Stay up to date with what you want to know. Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? Home Depot on Thursday also announced a new $15 billion share-buyback program. callback: cb Craig Menear Wikipedia Republished // WIKI 2 Craig Menear - Chairman, CEO and President - CrunchBase Craig Menear - Address & Phone Number | Whitepages Board of Directors | The Home Depot Craig Menear - Wikipedia After completing his university studies, the American businessman got into work at several retailers. Hell do an outstanding job leading our company in the years ahead.. 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? 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. Want to connect with other businesses in the Latino community? Enjoy our content? 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. 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. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. 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. Atlanta Business Chronicle sits down with Home Depot CEO Craig Menear Garrett by trade is a personal finance freelance writer and journalist. Menear has donated to the Home Depot Political Action Committee over the years. 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. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life. For some retailers, fewer in-person . Text. Even as the pandemic took hold shortly thereafter, demand for construction-type products actually soared due to homeowners being quarantined inside all day long with not much to do but pursue do-it-yourself projects around their household. Craig Menear Net Worth (2023) | wallmine 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. Through his able leadership, the company has grown significantly. These innovations had an immensely positive role on Menears merchandising side of things; think smoother stocking of inventory and more cost-effective operating expenses, which tends to create wiggle room for competitively priced products. Not the Craig Menear you were looking for? })(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. They outrank your supervisor. Sign up for notifications from Insider! President Trump's 'opening the country' council features several political donors and supporters . Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Larry Page: net worth, age, children, wife, house, education, salary, profiles. Craig Menear will become Home Depot CEO - SFGATE Details of his birthday and month are yet to be revealed. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Dean's CEO Speaker Series: Craig Menear, Chairman and CEO, The Home Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Brian is currently a news anchor of The 11th Hour with Brian Williams. Decker took over as CEO in March, when Menear stepped down from that role. 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 . Craig Menear - Forbes Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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. forms: { 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. When Craig Menear started looking for work after college, he wasn't really interested in retail, and he certainly did not imagine one day running the world's largest home improvement retailer. Data is a real-time snapshot *Data is delayed at least 15 minutes. POLITICAL ACTION COMMITTEE: The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Craig Menear is an inspiration to all the upcoming businesspersons. They invested about $11 billion in the improvement of . Sign up for free newsletters and get more CNBC delivered to your inbox. Craig Menear. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Craig Menear | ZoomInfo

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