Contribution Totals. 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. The list features prominent leaders from a range of major industries, from real estate to finance to sports. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Select this result to view Craig Albert Menear's phone number, address, and more. 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. Download all contribution records for this person. As a staff member, I remember the feeling of getting a note from the vice president of the United States saying nice job on something. The American entrepreneur cannot be contacted directly via his personal details. Craig Menear Wiki - Age, Wife, Family, & More. Since Targa Resources is a member of the Fortune 500 list, this means that Perkins possesses considerable influence when it comes to the companys specialties, which, Read More 10 Things You Didnt Know about Targa Resources CEO Joe Bob PerkinsContinue, Are you looking to start a fast food restaurant franchise? 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. We just went back to some foundational statements from [founders] Bernie Marcus and Arthur Blank in terms of our company values and what we stand for. ET and ABC News Live at 4 p.m. Home Depot's vice president of corporate communications and external affairs issued a brief statement in response to questions from ABC News. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Political Action Committee, according to FEC data. In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 . That makes up around 9% of the PAC's current cycle to-date disbursements. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. Search. Follow Craig Menear on LinkedIn to get to know them better. Access your favorite topics in a personalized feed while you're on the go. Craig Menear. What are the admission requirements to study medicine at UCT 2022? 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 . In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. However, these actions were met with backlash from the public. Frank Blake has been Home Depot's chairman and CEO . })(); 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. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. There's a video about it on MyApron and probably on loop in your break room too. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. By clicking Sign up, you agree to receive marketing emails from Insider The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. According to the Center for Responsive Politics, the Arthur M. Blank Foundation has only given $283 to Democratic candidates in 2020 so far, and zero dollars to Republicans. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. His films have been among the biggest box office hits of all time. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 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. Everything to know about him, De Lille reveals ANC ministers and deputies live in lavish Pretoria and Cape Town houses worth R1bn, SA awed, Mpho Wabadimo and Thema Broly allegedly split after 'BBMzansi' winner posts cryptic pictures on Instagram, Twitter men defend Zamani Mbatha amid cheating scandal after girlfriend Snikiwe Mhlongo exposed him: "Protect Zamani", Brian Williams bio: age, daughter, wife, education, career, salary, net worth. At least 25 individuals have made substantial donations in support of Trump. Mr . 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. But the recurring partisan controversy fails to capture the fact that both home improvement companies skew conservative when it comes to political giving a tendency they share with many major retailers. We want to hear from you. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. 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. When introducing her boss at Monday's Rotary Club of Atlanta, the Home Depot's Kelly Barrett admitted that she was a little worried when Craig Menear became CEO following Frank Blake in November . "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. Menear has donated to the Home Depot Political Action Committee over the years. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Craig Menear's salary of $1.3 million has remained unchanged since his appointment to the position of CEO and President. 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. 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. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. 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. 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. [8], Menear is a donor to his alma mater, Michigan State University. from 1999 to present. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given . Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. He has had the role of Chief Executive Officer since 2014. callback: cb The Center for Responsive Politics found that in the year 2020, donations in the retail sphere have been more even across the political spectrum than usual. In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. 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. They have also lived in Monrovia, CA and Kingston, TN. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. Details of his birthday and month are yet to be revealed. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Biography of Craig Menear. Age : 63. You can find out more information about Menear and the work he has put into The Home Depot online. Menear has donated to the Home Depot Political Action Committee over the years. Home Depot has seen tremendous growth during the pandemic, as nesting trends and a strong housing market inspired Americans to invest in their homes or move to bigger places. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. [1][2], Menear began his career at several retailers. . 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. "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. A Home Depot store is seen in Washington, DC, on August 18, 2020. 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. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. He serves as the chairman and is the former chief executive officer of The Home Depot. Home Depot is the largest home improvement retailer in the United States. 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. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. Craig Menear Political Contributions in 2020. References This . 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. ); A Division of NBCUniversal. [1] He became executive vice president of merchandising in 2007. Other prominent Trump donors on the council include Harold Hamm of Continental Resources, Paul Singer of Elliot Management, New England Patriots owner Bob Kraft, and M Crowd Restaurant owner Ray Washburne. 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. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Get this delivered to your inbox, and more info about our products and services. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. 24/7 coverage of breaking news and live events. For starters, seasoned associates at the company were less than thrilled to watch him oust long-time, trusted executives and replace them with outsider GE alumni. POLITICAL ACTION COMMITTEE: He also explained that Dawn had been a great source of support throughout his career. Updated April 6, 2015 6:34 pm ET. Atlanta-based Home Depot is a major political player in Georgia. Read more about the author Craig Menear at L'ATTITUDE. Thats right. 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. Like other CEOs, Craig has been vocal about his political stand in the US elections. The company's statement didn't give a reason for Menear's retirement. Home Depot on Thursday also announced a new $15 billion share-buyback program. In January 2022, The Home Depot announced that he would step . Visit lattitude.net now! Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. Craig brings decades of retail experience from mass, home center, specialty and big box retailing to his role during a time when the retail landscape is rapidly changing. Corporations have also been active political spenders at the state level. To examine the politics of the home improvement sector beyond the issue of politically-polarized founders, Business Insider combed through the FEC records for each company's current leadership team and examined the Center for Responsive Politics' breakdown of each company's in-house PAC for answers. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Craig is related to Danielle Menear and Courtney Ann Menear as well as 1 additional person. 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. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Craig Menear is chairman, CEO and president of The Home Depot. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 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. Both have vocalized consistent support for US President Donald Trump. 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. 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. Political Campaign Contributions. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to Democratic candidates . 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? But a modicum of political change may be at hand for both retailers in the coming election cycle. 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 is chairman and CEO of The Home Depot, the world's largest home improvement retailer with more than 2,200 stores and 400,000 associates. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. 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. Through his knowledge of restructuring the company for ultimate profitability, the company has exceeded many expectations, and should continue to do so throughout the coming years as well. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Political Action Committee, the . Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. [3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]. Home Depot Inc. 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. He will be replacing Craig Menear, who has been . There are many companies that often make us ponder, one of which being The Home Depot, and its successful CEO, Craig Menear. When Craig Menear started looking for work after college, he wasn't really interested in retail, and he certainly did not imagine one day running the world's largest home improvement retailer. While glancing at his 13 years company's stock transaction . Despite the fact he walked away with a dreamy retirement package worth up to $210 million, his practices left Home Depot in a compromised position, particularly due to the cost cuts that were being made to reach inauthentic quarterly objectives they inadvertently wreaked havoc on the ground floor, in other words, where the customer spends their money. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. 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? When it comes to big-name, hyper-partisan donors, Home Depot largely has Lowe's beat. However, we must acknowledge that he did have his helpful hands intimately engaged in numerous facets of the business throughout this monumental turnaround, areas as diverse as online presence, merchandising, private-brand, global sourcing, marketing operations, and obviously, merchandising. "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. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. Turn on desktop notifications for breaking stories about interest? The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. [3], Menear was educated at the Flint Central High School, graduating in 1975. 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. He attended Flint Central High School. In 2007, he was appointed executive vice president of merchandising. Palmer's real estate firm G.H. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. 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 . The White House announced the appointment of 220 individuals this week assembled by President Donald Trump to serve on an advisory council to assist the White House coronavirus task force in developing a plan to restart the U.S. economy. Together, they worked on several home improvement projects. Menear has been the company's chief executive officer and chairman since November 2014, succeeding Frank Blake in these positions. "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. His father was a tool and die maker at Flint General Motors. 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. Craig Menear politics. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. "President Trumps policies built a booming economy and they will do so again.". Craig Menear; Director ejecutivo de The Home Depot Actualmente en el cargo; Desde el 01 de noviembre de 2014: Informacin personal; Nacimiento? We will stand up and speak up, hitting Home . That growth has continued, including in the most recent fiscal quarter, even as some consumers hired home professionals in lieu of do-it-yourself projects. Text. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. Check your inbox to be the first to know the hottest news. Alma Mater. 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. The company has significantly boosted its operating margin by shrewdly allocating capital and keeping store expansion spending at reasonable levels. Learn how your comment data is processed. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. 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