Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Over the course of five years, the internal funding should spur innovations in everything from store enhancements and new e-commerce solutions to industry-leading delivery options, and a comprehensive ecosystem conducive to professional contractors (Pro). For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. Ethics experts say it is certainly not the first time political donors have netted advisory posts. From the policy debates to the political fights, today's . Home Depot names longtime executive as new CEO | AP News Has Been Known As The Darling Of Wall Street, 7. Menear was born c.1958 in Flint, Michigan. Here Are The Billionaires Backing Donald Trump's Campaign, As Of Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. However, as of 2021, he is 63 years old. 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. Political Campaign Contributions. What do you think about the CEO of Home Depot donating all his - Quora 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. Craig Menear's house is located near The Home Depot headquarters in Atlanta, Georgia, where he lives with his wife, Dawn and two daughters. Learn more about the background of Craig Menear, the highly respected CEO of The Home Depot and his perspective on leadership and the future of business in a. Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. [6] He was given $11.5 million in 2016. Craig Menear politics. Public asset : 66,160,504 USD. From 2015 to 2019, CVS Health gave over $31 million to political non-profits, Intel gave $18 million, Anthem Blue Cross Blue Shield health insurance $16 million, Dow $16 million, AT&T $9 million, and Microsoft $6 million. In 2007, he was appointed executive vice president of merchandising. "Our founders have not been with The Home Depot for nearly 20 years and they don't speak on behalf of the company," a Home Depot spokesperson told Business Insider. Craig Menear works as a Board Member Craig graduated from Michigan State University's Eli Broad College of Business and They used to work at Camp Southern Ground and have used the following emails: , @homedepot.com. "I have tremendous confidence that he will guide our company to new heights.". 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. 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. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 2020 Transaction Count/Amount. As political donors, current Home Depot CEO Craig Menear and Lowe's CEO Marvin Ellison diverge in a number of key ways. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Richard Mcvey: age, children, first wife, height, career, profile, worth. "It's bizarre to me that there's nobody representing public health," Virginia Canter, chief ethics counsel at Washington-based advocacy group Citizens for Responsibility and Ethics in Washington, told ABC News. We want to hear from you. Quickly connect with Craig before . Home Depot Punished Worker for Black Lives Matter Logo, Labor Board Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. He has made the occasional one-off donation to other, largely Republican, candidates and campaigns, including now-Sen. Mitt Romney's presidential run, Jeb Bush, and David Perdue. 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? 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Craig Menear's email & phone | 's Board Member contact info - Datanyze 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. Observers have cited the North Carolina-based company's financial support of minority-owned businesses and its current CEO Marvin Ellison's status as one of four Black Fortune 500 CEOs. In talking to the pro, they all have very strong books of business, Home Depot president and chief operating officer Ted Decker said. How Home Depot CEO Frank Blake kept his legacy from being hacked Home Depot names company veteran Ted Decker as CEO - CNBC Home Depot co-founder Bernie Marcus, who retired more than 20 years ago but has given $7 million to super PACs supporting Trump, is listed in the councils retail group alongside Home Depot Chief Executive Officer Craig Menear and another co-founder Ken Langone, who has given $2,700 to the Trump campaign, the maximum an individual can give to a campaign per election. Home Depot picks veteran Ted Decker as new CEO | CNN Business Craig Menear - Chairman, CEO and President - CrunchBase 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. Craig Menear. "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 . In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. If you enjoyed this story on the life of Home Depot CEO Craig Menear, be sure to check out our biography of Lowes CEO Marvin Ellison! 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. The board thanked Menear for his service with the company, and praised Decker's performance thus far as CEO. Craig was named CEO and president in November 2014 and chairman in February 2015. Menear has donated to the Home Depot Political Action Committee over the years. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. Many people are familiar with him because of his decade-long stint in the media industry. The American entrepreneur cannot be contacted directly via his personal details. 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's Home Depot: The Darling Of Wall Street", "Craig Menear, Flint native, named Home Depot CEO", "Inside the career of Home Depot CEO Craig Menear, who spent nearly 20 years working his way up the ladder", "Company Overview of The Home Depot, Inc.: Craig A. Menear", "Home Depot nails 2016 but CEO's pay drops slightly, to $11.5 million", "Why Home Depot CEO Craig Menear Is The Retailer Of The Year", https://en.wikipedia.org/w/index.php?title=Craig_Menear&oldid=1107007407, This page was last edited on 27 August 2022, at 16:50. Decker took over as CEO in March, when Menear stepped down from that role. . from 1999 to present. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. But Id say, the most important thing, that weve found spans across generations, is: people want to understand the strategy of your company, they want to understand how they fit in that, and how they contribute to that.. Inside the career of Home Depot CEO Craig Menear, who has worked at the Not the Craig Menear you were looking for? 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 - $15,620 in Political Contributions for 2020 - CampaignMoney 24/7 coverage of breaking news and live events. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. Both men are company veterans. Adelson dropped a $5 million check to the president's inaugural committee in 2017 and has given $15 million to Trump-aligned super PACs. And when it comes to political contributions, Home Depot and Lowe's both happen to reflect the conservative tendencies of many prominent retailers. Menear was born and raised in Flint, Michigan to his family back in 1958. Board of Directors | The Home Depot The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. On 1 June 2016, Home Depot co-founder Bernie Marcus published an essay on the web site Real Clear Politics in which he announced that he was endorsing GOP candidate Donald Trump for President of . Craig Menear. Mr . Craig Menear - YouTube Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. 2. 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 an inspiration to all the upcoming businesspersons. Teddy W Solomon says: April 4, 2021 at 5:19 pm. 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. All Rights Reserved. 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. 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. Home Depot's PAC has given the most money so far this year, shelling out $841,500 to Republicans and $653,500 to Democrats. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. Home Depot CEO Craig Menear's Life and Career - Business Insider The estimated net worth of Craig A. Menear is at least $88.26 million as of December 13th, 2019. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. forms: { Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Atlanta-based Home Depot is a major political player in Georgia. Coca-Cola C.E.O.: Voting Rights Advocate? - The New York Times Home Depot CEO Craig Menear leaves his post | exechange You are already subscribed to our newsletter! Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. He serves as the chairman and is the former chief executive officer of The Home Depot. Home Depot CEO Ted Decker to replace retiring Craig Menear as chair - CNBC Home Depot Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. Follow Craig Menear on LinkedIn to get to know them better. 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.