Contribution Totals. Craig Menear. 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 has served as CEO and President of The Home Depot since November 2014 and Chairman since February 2015. By clicking Sign up, you agree to receive marketing emails from Insider They outrank your supervisor. Like other CEOs, Craig has been vocal about his political stand in the US elections. 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. The company also expanded its distribution network, with the goal of offering same-day and next-day delivery to 90% of the U.S. population. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Sign up for free newsletters and get more CNBC delivered to your inbox. Menear was born c.1958 in Flint, Michigan. Decker took over as CEO in March, when Menear stepped down from that role. Pay for Home Depot's Craig Menear Totaled $10.2 Million Last Year Craig Menear and two executive VPs explain that you can use these hours as you see fit, whether now, or later (summertime beach season for me), or not at all & get paid out for them at the end of the year. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. . Corporate Involvement in Politics & Voter Suppression Home Depot CEO - Craig Menear (Age 63) - ListOfCEO Decker, who has . He then worked at Builders Emporium and was also a distribution manager at IKEA. 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. 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: age, family, salary, home depot, house - Briefly And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. He became president and COO in October 2020. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The list features prominent leaders from a range of major industries, from real estate to finance to sports. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. But how did he come to run the company in the first place? Stay up to date with what you want to know. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. 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. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. But Home Depot's successunder the helm of president and CEO Craig Menearalso can be attributed to internal restructuring to improve profitability. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. 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. Craig Menear Chairman and Chief Executive Officer. Craig Menear - Address & Phone Number | Whitepages We want to hear from you. The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. ADVERTISEMENT. Have you ever looked at a company or brand and wondered who runs the show? Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times Home Depot Punished Worker for Black Lives Matter Logo, Labor Board He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. 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. Work Biography for Craig Menear. Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Fla., Dec. 7, 2019. Here's a look into Menear's life and career: Source: San Diego Tribune, USA Today, Forbes, Source: Federal Election Committee, CNBC, The Center for Responsive Politics. [1] He became executive vice president of merchandising in 2007. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. The question is not merely academic, as decisions made about the economic future of the country could reflect the interests of those appointed to the council. Besides, he has amassed over 117,327 units of Home depot stock in his name, which cost over $58,711,831. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Enjoy our content? [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. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. All Rights Reserved. listeners: [], You are already subscribed to our newsletter! He serves as the chairman and is the former chief executive officer of The Home Depot. Will Record Tuition Deductions Help Private Colleges? Hell do an outstanding job leading our company in the years ahead.. 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. 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. But scattered among them are several of Trumps friends, supporters, and political donors. This site uses Akismet to reduce spam. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. } Craig Menear in Washington | Photos | Reviews | 18 building permits. [1][2] His father worked as a tool and die maker for General Motors. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. ); We will stand up and speak up, hitting Home . 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. Craig Menear is chairman, CEO and president of The Home Depot. Both public and private colleges are competing for a limited number of students. Menear began working at Home Depot in 1997. Select this result to view Craig Albert Menear's phone number, address, and more. 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. Home Depots same-store sales in the U.S., which includes sales online and at stores open for at least 12 months, grew 24.6% in the pandemics first quarter. Find contact details for 700 million professionals. 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. Here Are The Billionaires Backing Donald Trump's Campaign, As Of His first job was at Montgomery Ward, a department store chain. Of Lowe's eight-person executive team, seven members including Ellison came to work at the company in 2018 or later. Adelson did not respond to a request for comment. HOME DEPOT INC Executive Salaries & Other Compensation - Salary.com In 2007, he was appointed executive vice president of merchandising. In 2016, he received $11.5 million. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Tell Wealthy Corporations to Stop Bankrolling the Republicans Inside the career of Home Depot CEO Craig Menear, who has worked at the Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. A persistent Spartan, hed drive the aging aforementioned vehicle to and fro the college campus where he slogged his way through two years of math and statistics that didnt come easy. We want to hear from you. Home Depot CEO Craig Menear leaves his post | exechange The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. Learn how your comment data is processed. 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. 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 . Brian is currently a news anchor of The 11th Hour with Brian Williams. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. Want to connect with other businesses in the Latino community? Its worth noting that while board room deliberations ensued regarding Blakes successor, the companys head of U.S. stores, Marvin Ellison and CFO Carol Tome were also potential contenders for the top spot. Starting in 2018, the company began spending $1.2 billion to open about 150 supply chain facilities over five years including giant centers geared toward home professionals. To a Spreadsheet or Other File Type. The Home Depot, Inc. (NYSE:NYSE:HD) Alliance Bernstein 37th Annual Strategic Decisions Conference June 3, 2021 1:30 PM ETCompany ParticipantsCraig Menear - Chairman and Chief Executive. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. 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. Home Depot names company veteran Ted Decker as CEO - CNBC But is Home Depot really a conservative company? 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. The Home Depot announced late last week that it had appointed Ted Decker as its new chief executive officer. 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. How Home Depot CEO Frank Blake kept his legacy from being hacked In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. Craig was named CEO and president in November 2014 and chairman in February 2015. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area. 2. Turn on desktop notifications for breaking stories about interest? . Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. 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. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. Menear, 57, has been president of the company's U.S. retail operations since February . 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. Craig Menear Wikipedia Republished // WIKI 2 Connie Snyder: What do you know about Steve Ballmer wife? 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. 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. That relentless work ethic the future executive displayed must have had something to do with the rugged midwestern upbringing he experienced, after all, his father frequently battered him with the mantra, if youre going to do something, do it 110%, or dont do it at all.. Menear has donated to the Home Depot Political Action Committee over the years. Access your favorite topics in a personalized feed while you're on the go. [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. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. })(); 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. Among other initiatives, they plan on adding 170 distribution facilities across America to reach 90% of the U.S. population in one day or less, moreover, another goal is to open hubs that will consolidate the freight for dispatch on to final-mile delivery vehicles appliances for Interline MRO, Pro, and do it yourself (DIY) hobbyists delivery from DFCs, vendors, and stores, in about 100 locations. The company currently has around 2200 stores and 400,000 associates. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Craig Menear | WA | Read Reviews + Get a Free Estimate | BuildZoom For some retailers, fewer in-person . Under his leadership, the company continues to give quality services in supplying tools, construction products. Between the day Craig Menear was made chief executive in 2014 and December 2017, The Home Depots single share value increased from roughly $92 to $192, at which point, the company revealed a plan to invest north of $11 billion to position itself as One Home Depot.. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. as well as other partner offers and accept our, A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge, Before that, he worked at Montgomery Ward and. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Monday, January 31, 2022 6:11 AM UTC. Richard Mcvey: age, children, first wife, height, career, profile, worth.