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. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. on: function(evt, cb) { 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. The councils seemingly crucial healthcare group, for example, is represented mainly by pharmaceutical companies like Pfizer and Johnson & Johnson and insurance companies such as Aetna and Cigna rather than public health professionals. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. Menear has donated to the Home Depot Political Action Committee over the years. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. After completing his university studies, the American businessman got into work at several retailers. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. "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. To find out, Business Insider analyzed Federal Election Commission data for Home Depot and Lowe's executives, as well as data from the Center for Responsive Politics. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. Not the Craig Menear you were looking for? On Sundays, the Fortune 500 corporations new chief executive hand-wrote thank-you cards to employees, a meaningful gesture he learned from President George H. W. Bush while serving as deputy general counsel from 1981-1983, during his vice presidency years. When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. 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. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. 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 . Like other CEOs, Craig has been vocal about his political stand in the US elections. Learn how your comment data is processed. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. The foundation has nearly doubled its political giving since 2018. Craig Menear - Chairman, Chief Executive Officer and President. "Craig is always careful not to make the success of The Home Depot about him, but to make it about all of the team," said Frank Blake, Menear's predecessor as CEO, serving in the role from . "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Coca-Cola ultimately issued a carefully worded statement saying that "voting is a foundational right in America" and pledging to "work to advance voting rights and access in Georgia and . 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. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. callback: cb Search. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. 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. Political Action Committee, the . 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. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. A Division of NBCUniversal. From the policy debates to the political fights, today's . 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 . Both have vocalized consistent support for US President Donald Trump. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. 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. Home Depot is the largest home improvement retailer in the United States. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. 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. [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. You can help Wikipedia by expanding it. They have also lived in Monrovia, CA and Kingston, TN. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. Reply. } Learn More about Craig A. Menear's net worth. Bernie M. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. Richard Mcvey: age, children, first wife, height, career, profile, worth. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Contribution Totals. The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. For one of the co-founders, Bernie Marcus, to support a xenophobic, misogynistic, racist bigot like Donald Trump and stand by his divisive, hateful rhetoric is beyond acceptable and appalling. "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. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. 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, as of 2021, he is 63 years old. Sign up for free newsletters and get more CNBC delivered to your inbox. ET and ABC News Live at 4 p.m. Menear has been into entrepreneurship from an early age. ATLANTA, Jan. 27, 2022 - The Home Depot , the world's largest home improvement retailer, today announced that Edward "Ted" Decker has been named CEO and president, and has been elected to the company's board of directors, all effective March 1, 2022.Craig Menear, currently chairman and CEO, will continue to serve as Chair of the Board. } You have to stay focused on the customers needs and when you lose that focus, bad things happen. He has also served as a Chairman for the company since 2015. Has Worked For More Than Just The Home Depot. Stay up to date with what you want to know. 6. This site uses Akismet to reduce spam. We lost that focus in the mid-2000s and candidly, we blew one of the biggest housing booms this country has ever seen in the 2004, 2005, 2006 era.. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates, according to the Center for Open Politics. Menear was born c.1958 in Flint, Michigan. . 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. 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. ADVERTISEMENT. 38/$15,620. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. His first job was at Montgomery Ward, a department store chain. window.mc4wp.listeners.push( We want to hear from you. "President Trumps policies built a booming economy and they will do so again.". 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. 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.