craig menear politics craig menear politics

Garrett by trade is a personal finance freelance writer and journalist. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. 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 . 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. Lets get started. In January 2022, The Home Depot announced that he would step . Home Depot Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. 5. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. 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? In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 Democrats received 30% of an overall contribution of $1,977,250. 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). Craig Menear got hired by The Home Depot in 1997 as a divisional merchandise manager for the southwest division. 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 . According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. In their personal contributions, Home Depot executives have favored many of the same conservative politicians as Menear, although a number of figures from the company's leadership team have supported liberal politicians like Hillary Clinton. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . He replaces former CEO Craig Menear, who will retire as chair Sept. 30. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. Monday, January 31, 2022 6:11 AM UTC. Data is a real-time snapshot *Data is delayed at least 15 minutes. The Home Depot on Thursday named a veteran executive as its new CEO. 2. 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. 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. This article about an American businessperson born in the 1950s is a stub. 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He has also served as a Chairman for the company since 2015. Craig Menear Political Contributions in 2020. 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. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. window.mc4wp.listeners.push( 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. He is on the Board of Directors at Retail Industry Leaders . 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. Menear has donated to the Home Depot Political Action Committee over the years. 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. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Palmer's real estate firm G.H. [6] He was given $11.5 million in 2016. You can help Wikipedia by expanding it. 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. A Division of NBCUniversal. 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. 2. 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. Craig Menear (born c.1958) is an American business executive. 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. 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.. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. But, what does the CEO of home depot make? "As a 22-year associate of The Home Depot, Ted . Craig Menear is chairman, CEO and president of The Home Depot. 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. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles, said Blake. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. 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. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. 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. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Under his leadership, the company continues to . Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . He previously served as chief merchant and executive vice president of merchandising. Larry Page: net worth, age, children, wife, house, education, salary, profiles. 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. Both public and private colleges are competing for a limited number of students. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Check your inbox to be the first to know the hottest news. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. 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. "It's an example of how writing big checks to the president and a super PAC means that your voice is heard louder than many others, Fischer said. 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. 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. Sign up for notifications from Insider! Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. 2023 CNBC LLC. 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. "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. 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. He serves as the chairman and is the former chief executive officer of The Home Depot. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. That makes up around 9% of the PAC's current cycle to-date disbursements. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. Despite being the older company, the original movers-and-shakers of Lowe's never achieved the same high-profile or politicized status in the business world as their orange-aproned counterparts. 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. "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.". In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. 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. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. By clicking Sign up, you agree to receive marketing emails from Insider But how did he come to run the company in the first place? He serves as the chairman and is the former chief executive officer of The Home Depot. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. The foundation has nearly doubled its political giving since 2018. 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. 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. Get this delivered to your inbox, and more info about our products and services. Connie Snyder: What do you know about Steve Ballmer wife? } Get this delivered to your inbox, and more info about our products and services. 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. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. Top editors give you the stories you want delivered right to your inbox each weekday. 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. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Got a confidential news tip? [1][2], Menear began his career at several retailers. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. To a Spreadsheet or Other File Type. Since then, he has become a regular donor to his alma mater throughout the years. He worked his way through, and in 2007 he was named the Vice President of Merchandising. While glancing at his 13 years company's stock transaction . One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Reply. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn.