In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Shares of the company were effectively flat after hours. Updated April 6, 2015 6:34 pm ET. Both public and private colleges are competing for a limited number of students. We want to hear from you. Craig Menear - Wikiwand Craig is currently on the board of directors of Retail Industry Leaders Association, Atlanta Committee Progress, and 3DE by Junior of Georgia and Camp Southern Ground. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Learn More about Craig A. Menear's net worth. 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. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. The two youthful love birds were dating by junior high, eventually graduated hand in hand from Central High School, and forever sealing their vintage Americana status as high school sweethearts, got married during the mid-80s; over three decades later, they are still going strong! Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. 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. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. About the time off coming up : r/HomeDepot Access your favorite topics in a personalized feed while you're on the go. 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. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. And is Lowe's its liberal counterpart? His father worked as a tool and die maker at General Motors. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. Menear has donated to the Home Depot Political Action Committee over the years. "As a 22-year associate of The Home Depot, Ted . 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. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. We want to hear from you. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. But, what does the CEO of home depot make? Author: Lois Furry. Political Action Committee, according to FEC data. Home Depot's Craig Menear upbeat about company's future How it started and how to protect yourself: Tracking the spread in the US and Worldwide. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. The Home Depot on Thursday named a veteran executive as its new CEO. 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. Craig Menear tries to be on the store floor of a Home Depot almost every week. Data is a real-time snapshot *Data is delayed at least 15 minutes. } A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". Turn on desktop notifications for breaking stories about interest? The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. "It's not entirely clear what the parameters were for deciding who is included or not included, but there do seem to be a significant number of Trump donors on this list," Brendan Fischer, a federal reforms director at watchdog group Campaign Legal Center, told ABC News. "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. } Craig A Menear, Home Depot Inc: Profile and Biography The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. 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. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. 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. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Lets get started. [1][2] His father worked as a tool and die maker for General Motors. 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. 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 . Quickly connect with Craig before . The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. 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. 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. Decker, who has . The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. The American businessman has kept much of his personal life out of the spotlight. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. 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. Craig Menear email address & phone number | Anheuser-Busch InBev Senior 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. . Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom 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. Menear has donated to the Home Depot Political Action Committee over the years. 2. Will Record Tuition Deductions Help Private Colleges? Others Named Craig Menear. as well as other partner offers and accept our, A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge, Before that, he worked at Montgomery Ward and. Menear has donated to the Home Depot Political Action Committee over the years. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. 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. 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? 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. 2. Between the day Craig Menear was made chief executive in 2014 and December 2017, The Home Depots single share value increased from roughly $92 to $192, at which point, the company revealed a plan to invest north of $11 billion to position itself as One Home Depot..
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