In 2007, he was appointed executive vice president of merchandising. 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. 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. Linked companies : No connection available. 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. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Home Depot's Craig Menear upbeat about company's future Craig Menear. 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. Corporations have also been active political spenders at the state level. 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. What are the admission requirements to study medicine at UCT 2022? [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. President Trump's 'opening the country' council features several political donors and supporters . Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. Menear has been into entrepreneurship from an early age. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. However, as of 2021, he is 63 years old. 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. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Bernie M. POLITICAL ACTION COMMITTEE: Over the past year, Home Depot has consistently been hammered online over the conservative political stances of two of its founders: Bernie Marcus and Ken Langone. Still, amidst troubled financial waters, Blake chose to make investments in his operations by continuing to modernize their supply chain, rethinking the role technology could play in their retail strategy, and most importantly, emphasizing the tremendous impact that each hired hand in each store has on Home Depots success. . In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. } Mr . We will stand up and speak up, hitting Home . In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Menear has donated to the Home Depot Political Action Committee over the years. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. . 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 show airs every weeknight at 11 pm Eastern Time on MSNBC. Select this result to view Craig Albert Menear's phone number, address, and more. Inside the career of Home Depot CEO Craig Menear, who has worked at the His father was a tool and die maker at Flint General Motors. 2023 CNBC LLC. 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. This article about an American businessperson born in the 1950s is a stub. [6] He was given $11.5 million in 2016. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Sign up for free newsletters and get more CNBC delivered to your inbox. After completing his university studies, the American businessman got into work at several retailers. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. 24/7 coverage of breaking news and live events. 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. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. 2. 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. Home Depot CEO Craig Menear Gives Back to Business | Giving to Michigan Find contact details for 700 million professionals. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. He isnt necessarily the prototypical hotshot CEO we all imagine in our heads when thinking of somebody who has experienced his degree of success or that wields so much economic power, as a matter of fact, hes humble, soft-spoken, and were you to encounter him on the street, theres probably no way youd know he leads an army of 300,000 ready to help associates spread across the North American continent. 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. . You could say that Menear has had a love for home improvement instilled in his blood from a young age. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Home Depots stock value dropped 8% by the time Nardelli was exiled by the companys board in 2007, for comparison, during that time, Lowes shares soared some 180%. The Home Depot - Wikipedia At least 25 individuals have made substantial donations in support of Trump. The Home Depot on Thursday named a veteran executive as its new CEO. Political Campaign Contributions. 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. What do you think about the CEO of Home Depot donating all his - Quora All Rights Reserved. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . Trump advisers on reopening economy gave half-billion to Republican Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC The Home Depot's (HD) CEO Craig Menear on Alliance - SeekingAlpha Craig Menear will become Home Depot CEO - SFGATE Download all contribution records for this person. As published in the Atlanta Business Chronicle on June 1, 2018In early 2014, three people were in the running to succeed Frank Blake as CEO of The Home Depot Inc. Craig Menear, who eventually . The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. Craig Menear email address & phone number | Anheuser-Busch InBev Senior including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. 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 . The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. Menear was born and raised in Flint, Michigan to his family back in 1958. 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 . Updated April 6, 2015 6:34 pm ET. Since then, he has become a regular donor to his alma mater throughout the years. So, while the home improvement giants and the more high-profile founders in the industry may favor Republican candidates at the moment, the partisan donation gap may be starting to balance out. Reply. Read more here! The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Join the Brooksy Society by subscribing to our Monthly Newsletter! The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. Account will be deleted and I will shop at Lowes! He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Dealing a further blow to internal morale, he also increased the number of less knowledgeable part-time workers at Home Depots stores, which left full-time employees fuming and led to a diminishment of customer service, one of the companys strengths, recounted Barry Henderson, an equities expert at T. Rowe Price. 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. Quickly connect with Craig before . In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . Home Depot is the largest home improvement retailer in the United States.