Download all contribution records for this person. 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. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. [1] He became executive vice president of merchandising in 2007. Prior to that, Menear had been the company's chief executive since 2014. "As a 22-year associate of The Home Depot, Ted . })(); 15 Technical Indicators That Every Day Trader Should Know, grew 24.6% in the pandemics first quarter, Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. Craig Menear has created a big name for himself in the business of home improvement. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. Like other CEOs, Craig has been vocal about his political stand in the US elections. 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. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Craig Menear has served as president and CEO of the Home Depot since 2014 and chairman since 2015. 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. Youve always got to be aware of what youre competing against but weve learned this the hard way, laments Menear. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. Get this delivered to your inbox, and more info about our products and services. window.mc4wp = window.mc4wp || { Enjoy our content? For some retailers, fewer in-person . Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. He has also served as a Chairman for the company since 2015. Craig Menear (born c.1958) is an American business executive. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. As announced by Home Depot Inc. in a news release and in a regulatory filing published on Thursday, January 27, 2022, Craig A. Menear leaves his post as chief executive officer at the world's largest . Age : 63. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. His films have been among the biggest box office hits of all time. Craig was named CEO and president in November 2014 and chairman in February 2015. Clearly, he knows his way around technical issues with computers, but there has to be more to, Read More 10 Things You Didnt Know about Leif K-BrooksContinue. Craig Menear took over as CEO in 2014 and finally introduced a refined and robust IT department to fuel a significant transformation change coming. The Home Depot has become one of the more successful home improvement companies that Craig Menear has earned himself the 29th spot on the list of the top 1000 CEOs of private and public companies. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Together, they worked on several home improvement projects. By December of 2019, The Home Depot was riding high considering online sales had been increasing about $1 billion in each of the previous six years, ultimately making them the 5th largest e-commerce operation in the United States; 50% of the time, customers were choosing to pick up their orders inside their neighborhood store a testament to the home improvement giants interconnected strategy. 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. 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. Needless to say, Menear inherited a fairly advantageous situation when compared to the circumstances his predecessor encountered. . 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? Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Ruffin has given nearly $1 million to Trump Victory, the president's joint fundraising committee with the Republican National Committee, and another $1 million to Trump's inaugural committee. In January 2022, The Home Depot announced that he would step . Menear, 57, has been president of the company's U.S. retail operations since February . 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. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. These innovations had an immensely positive role on Menears merchandising side of things; think smoother stocking of inventory and more cost-effective operating expenses, which tends to create wiggle room for competitively priced products. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. When I joined the company, we were still decentralized, 75% of our goods went direct from the manufacturer to each individual store, and as the business evolved, that supply chain just didnt work anymore; it was really inefficient.. They invested about $11 billion in the improvement of . Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Follow Craig Menear on LinkedIn to get to know them better. 2016 Election Cycle. Craig A. Menear: CEO Pay $13,059,751: Median Employee Pay $28,697: CEO Pay Ratio 455:1: Board of Directors in HOME DEPOT INC. For its 2021 fiscal year, HOME DEPOT INC, listed the following board members on its annual proxy statement to the SEC. 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. 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. 10 Things You Didnt Know about Targa Resources CEO Joe Bob Perkins, The Top Five Fast Food Franchises of 2017, The 10 Highest Grossing Films Directed by Steven Spielberg, 10 Things You Didnt Know about Mohit Kumar, 10 Things You Didnt Know about Leif K-Brooks, How Ali Wong Achieved a Net Worth of $3 Million, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe. from 1999 to present. 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. At least 25 individuals have made substantial donations in support of Trump. He has had the role of Chief Executive Officer since 2014. Biography of Craig Menear. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Adelson did not respond to a request for comment. Political Action Committee, the . Following his departure from that initial outfit, he took on roles among numerous home improvement retail companies (each notably vying in the field of do-it-yourself projects), such as Grace Home Centers, Builders Emporium, and IKEA, at one point, he was a distribution manager for the latter. . Both have vocalized consistent support for US President Donald Trump. The company is involved in renovating or making additions to houses. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. In 2020, the Center for Responsive Politics listed the investor and his wife Elaine as two of the top hard money individual contributors. 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. 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. In 2007, he was appointed executive vice president of merchandising. However, as of 2021, he is 63 years old. There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Get this delivered to your inbox, and more info about our products and services. 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. Craig Menear Wiki - Age, Wife, Family, & More. Got a confidential news tip? Political Action Committee, according to FEC data. A Home Depot store is seen in Washington, DC, on August 18, 2020. Corporations have also been active political spenders at the state level. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. 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. event : evt, "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 . With over 10 years experience he's covered businesses, CEOs, and investments. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. "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. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Select this result to view Craig Albert Menear's phone number, address, and more. We need to transform Home Depot to allow customers to shop when, where, and how they want to, Menear said in a 2014 interview at the companys Atlanta headquarters. As the Democratic-leaning holdout of Home Depot's group of founders, Blank has given hundreds of thousands of dollars to Democrats like Hillary Clinton, Chuck Schumer, and Sam Nunn. Frank Blake has been Home Depot's chairman and CEO . However, he could be reached through his work contacts. Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult.

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