Holifields team then proceeded to engineer and execute on the companys supply chain transformation, adding a network of eighteen Rapid Deployment Centers to supply stores with unprecedented efficiency. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. 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. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . [1][2], Menear began his career at several retailers. With fresher, Read More The Top Five Fast Food Franchises of 2017Continue, Steven Spielberg ranks as one of the most iconic and respected directors in the history of American cinema. Read more here! Shares of the company were effectively flat after hours. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. 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. Throughout the most recent years, it has shown greatly that The Home Depot has some of the best records when it comes to the stock market, and it is all thanks to the leadership of Mr. Craig Menear. One of the biggest challenges looking ahead manifested in the form of consumer habits shifting, as online sales grew to 4% with no signs of slowing, leadership needed to ponder how best to sell items from barbecue grills and patio sets to actual bricks and mortar over the Internet. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Transactions of nine hundred dollars or more, which represent around 20% of Home Depots sales in the United States, began stabilizing by the start of 2010. 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.. 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). Turn on desktop notifications for breaking stories about interest? 24/7 coverage of breaking news and live events. Country of residence : Unknown. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Get this delivered to your inbox, and more info about our products and services. "I have tremendous confidence that he will guide our company to new heights.". References This . Steve Ballmer: age, children, wife, house, yacht, profiles, net worth in billions, Get the news that matters from one of the leading news sites in South Africa, Mlungu woman nails pantsula dance moves with Converse All Stars in the township, Creative lady transforms shack into beautiful home, shows off incredible style, 6-year-old girl fighting for her life following pit bull attack, doctors say she got 1000 stitches, SA woman with "shwapa" performs Bhebha dance challenge, people praise confident woman in TikTok video, Details into the life of Samantha Speno, Randy Orton's ex-wife. 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. Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. 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. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. "You need to have public health professionals, you need somebody who represents the grocery workers, somebody who represents hospitality workers, and so on.". Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. During his childhood, he had a lawn care business with which he bought his first car. 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. 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 . He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Bernie M. Home Depot co-founder Bernie Marcus, who retired more than 20 years ago but has given $7 million to super PACs supporting Trump, is listed in the councils retail group alongside Home Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given $2,700 to the Trump campaign, the maximum an individual can give to a campaign per election. 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. You can find out more information about Menear and the work he has put into The Home Depot online. A Division of NBCUniversal. 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. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. Craig Menear is the Chairman of the Board. [3], Menear was educated at the Flint Central High School, graduating in 1975. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. "President Trumps policies built a booming economy and they will do so again.". 38/$15,620. The Home Depot on Thursday named a veteran executive as its new CEO. . 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. 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. Reply. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. The idea is to further unlock the interconnected retail vision the company began building many years ago. Long before he got named The Home Depot CEO, Craig Menear was born in 1958 and raised among the bustling automobile manufacturing factories of Flint Michigan, a blue-collar town that once boasted some nine General Motors (GM) plants. ); Access your favorite topics in a personalized feed while you're on the go. But, what does the CEO of home depot make? Under his leadership, the company continues to . In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. POLITICAL ACTION COMMITTEE: Top editors give you the stories you want delivered right to your inbox each weekday. 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. [1] He became executive vice president of merchandising in 2007. 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. He lives with his wife, and the couple also has two daughters. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. Menear has donated to the Home Depot Political Action Committee over the 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. 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. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Home Depot is the largest home improvement retailer in the United States. "Craig Menear's Home Depot: The Darling Of Wall Street", "Craig Menear, Flint native, named Home Depot CEO", "Inside the career of Home Depot CEO Craig Menear, who spent nearly 20 years working his way up the ladder", "Company Overview of The Home Depot, Inc.: Craig A. Menear", "Home Depot nails 2016 but CEO's pay drops slightly, to $11.5 million", "Why Home Depot CEO Craig Menear Is The Retailer Of The Year", https://en.wikipedia.org/w/index.php?title=Craig_Menear&oldid=1107007407, This page was last edited on 27 August 2022, at 16:50. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. That makes up around 9% of the PAC's current cycle to-date disbursements. 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. 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. He will be replacing Craig Menear, who has been . Find contact details for 700 million professionals. 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. The company's statement didn't give a reason for Menear's retirement. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. listeners: [], 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. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. 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. Atlanta, GA, US View. Search. 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. While glancing at his 13 years company's stock transaction . With over 10 years experience he's covered businesses, CEOs, and investments. Menear has donated to the Home Depot Political Action Committee over the years. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. You can help Wikipedia by expanding it. There's a video about it on MyApron and probably on loop in your break room too. Craig Menear - Chairman, Chief Executive Officer and President. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. In 2007, he was appointed executive vice president of merchandising. Enjoy our content? The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Visit lattitude.net now! Home Depot feels its downstream network consists of four relatively unconnected and independent components, which are store-based delivery, online delivery from direct fulfillment centers (DFC) and vendors, appliance delivery, and Interline brands delivery, explains Forbes. Got a confidential news tip? Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. 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. People go: Got it. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. At least 25 individuals have made substantial donations in support of Trump. The American businessman has kept much of his personal life out of the spotlight. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. 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 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. Decker took over as CEO in March, when Menear stepped down from that role. ADVERTISEMENT. By DEE-ANN DURBIN January 27, 2022. 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. 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. Donald Trump, left, and his partner, developer Phil Ruffin, speak during an opening ceremony for the Trump International Hotel & Tower Las Vegas, April 11, 2008, in Las Vegas, Nevada. 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. 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. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. 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. Over the course of five years, the internal funding should spur innovations in everything from store enhancements and new e-commerce solutions to industry-leading delivery options, and a comprehensive ecosystem conducive to professional contractors (Pro). 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. 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. 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! He serves as the chairman and is the former chief executive officer of The Home Depot. He donated nothing to Democratic or liberal figures, according to the Center for Responsive Politics. de 1958 Flint, Mchigan, Estados Unidos: Nacionalidad: Estadounidense: Together, they worked on several home improvement projects. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. In January 2022, The Home Depot announced that he would step . He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Mr . Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. You could say that Menear has had a love for home improvement instilled in his blood from a young age. Ethics experts say it is certainly not the first time political donors have netted advisory posts. 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 . Menear has been into entrepreneurship from an early age. His father was a tool and die maker at Flint General Motors. After completing his university studies, the American businessman got into work at several retailers. Adelson did not respond to a request for comment. President Trump's 'opening the country' council features several political donors and supporters . 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. Craig Menear (born c. 1958) is an American business executive. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President.
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