Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Craig Menear. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. 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. Read more about the author Craig Menear at L'ATTITUDE. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. His skills can be looked up to and learned from. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. All Rights Reserved. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Craig Menear: Home Depot Up until about 2013, Home Depot was an excellent place to drive over and grab what you needed for your special project. His triumphs have clearly been shown, as in his three years in the position have led to amazing stock records (as we mentioned before), and the company appears to be doing better than ever while continuing to evolve. 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 . In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Get this delivered to your inbox, and more info about our products and services. For more information on making a gift to the Broad College of Business, contact Senior Director of Development Vivian Leung at leungv@msu.edu or call (517) 355-8504. Get this delivered to your inbox, and more info about our products and services. Has Been Known As The Darling Of Wall Street, 7. Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. [7], In January 2022, The Home Depot announced he would be stepping down as the CEO and President effective March 1, 2022 while continuing to serve as the chairman of the board. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. Under his leadership, the company continues to give quality services in supplying tools, construction products. "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.". Craig Menear Chairman & Chief Executive Officer. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Top editors give you the stories you want delivered right to your inbox each weekday. Home Depot founders and Republican mega-donors Ken Langone and Bernie Marcus have attracted controversy over their donations to Republican groups and politicians, including US President Donald Trump. (function() { The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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. His father worked as a tool and die maker at General Motors. It seems that there really is no stopping Craig Menear, and his attempts to make the company all about the customer. Not the Craig Menear you were looking for? That makes a difference, believes Frank Blake. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. 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. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. 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. Starting in 2019, a Nevada voter named Patrick Farrah is listed by the FEC as having donated thousands toward Republican candidates like Lindsey Graham, Mitch McConnell, Kevin McCarthy, and Duncan Hunter, as well as the PAC Bikers for the President. 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. Others in the loop would argue the contrary, that executives werent informed enough on the competition, given Lowes stellar rise; the one thing folks seem to universally agree about regarding this period in Home Depots history is its disheartening impact on all involved parties. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. 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. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. 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. Family Life. Both public and private colleges are competing for a limited number of students. 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. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Who makes the tough business decisions to keep the company prosperous and overwhelmingly popular throughout the course of its history, and in this tough society? The pair has given $470,300 this year, with 99% of that money going to Republican candidates. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. He serves as the chairman and is the former chief executive officer of The Home Depot. Menear said 98 words. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. But simply examining large donations from retired founders does not lead to a complete or accurate picture of either Home Depot or Lowe's' political leanings. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . 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. His first job was at Montgomery Ward, a department store chain. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. You have to stay focused on the customers needs and when you lose that focus, bad things happen. "As a 22-year associate of The Home Depot, Ted . . Craig Menear has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. Home Depot feels its downstream network consists of four relatively unconnected and independent components, which are store-based delivery, online delivery from direct fulfillment centers (DFC) and vendors, appliance delivery, and Interline brands delivery, explains Forbes. He has also served as a Chairman for the company since 2015. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Shares of the company were effectively flat after hours. 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. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. 5. Earlier this month, a memo from the office of Florida Gov. You are already subscribed to our newsletter! Quickly connect with Craig before . As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. 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 . Linked companies : No connection available. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. Menear has been into entrepreneurship from an early age. And is Lowe's its liberal counterpart? Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. You can find out more information about Menear and the work he has put into The Home Depot online. Retail, among the industries hit hardest by the pandemic, received significant representation. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. Mr. Menear owns over 68,468 units of Home Depot stock worth over $75,521,444 and over the last 16 years he sold HD stock worth over $14,995,979. 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