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 . 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 . 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. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. 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. Menear has donated to the Home Depot Political Action Committee over the years. He has also served as a Chairman for the company since 2015. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. 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. Net sales increased 44 percent to $108.5 billion in the first quarter, after already increasing 38 percent to $386.1 billion during the full year of 2020. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 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. Craig Menear (born c. 1958) is an American business executive. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year And some council members such as Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Facebook CEO Mark Zuckerberg have at times been vocal in their opposition to the president and his agenda. "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. Data is a real-time snapshot *Data is delayed at least 15 minutes. He lives with his wife, and the couple also has two daughters. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. Craig Menear. 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. 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. 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. Home Depot Inc. Home Depot names company veteran Ted Decker as CEO - CNBC 2. The Home Depot CEO: Craig Menear Biography - Brooksy ATLANTA, Jan. 27, 2022 - The Home Depot , the world's largest home improvement retailer, today announced that Edward "Ted" Decker has been named CEO and president, and has been elected to the company's board of directors, all effective March 1, 2022.Craig Menear, currently chairman and CEO, will continue to serve as Chair of the Board. Others Named Craig Menear. The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). In 2016, he received $11.5 million. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. He also explained that Dawn had been a great source of support throughout his career. We lost that focus in the mid-2000s and candidly, we blew one of the biggest housing booms this country has ever seen in the 2004, 2005, 2006 era.. Craig Menear is the Chairman of the Board. Updated April 6, 2015 6:34 pm ET. By DEE-ANN DURBIN January 27, 2022. 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. NOW WATCH: Why groundhogs are hard to get rid of, Visit Business Insider's homepage for more stories. 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. However, these actions were met with backlash from the public. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. . Give Me an H: Chairman and CEO Craig Menear's Passion for Retail Starts } Family Life. We want to hear from you. 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. Visit lattitude.net now! 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. 2. Craig Menear Wiki - Age, Wife, Family, & More. Palmer has also been one of Trumps most generous political donors, hosting multiple Trump fundraisers at his luxurious Los Angeles home and giving more than $10 million to the president's various fundraising vehicles, including Trumps presidential campaign, multiple Trump-aligned super PACs, and a legal defense fund set up to help pay legal bills for Trump allies caught up in Special Counsel Robert Mueller's investigation of Russian interference in the 2016 election. 2. Now, the company will have to prove it can keep those sales going as Americans face rising prices due to inflation and potentially shift their spending toward services such as dining out and traveling. 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. Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Ethics experts say it is certainly not the first time political donors have netted advisory posts. 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. Menear, 57, has been president of the company's U.S. retail operations since February . One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Top editors give you the stories you want delivered right to your inbox each weekday. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Marcus in particular has once again made headlines by vowing to support. "His ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The Home Depot," Menear said in a news release. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Mr. Craig A. Menear is a Chairman & Chief Executive Officer at The Home Depot, Inc. and a Chairman at The Home Depot Foundation. 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 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. Brian is currently a news anchor of The 11th Hour with Brian Williams. [8], Menear is a donor to his alma mater, Michigan State University. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. A Division of NBCUniversal. Follow Craig Menear on LinkedIn to get to know them better. "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. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. How it started and how to protect yourself: Tracking the spread in the US and Worldwide. 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 replaces former CEO Craig Menear, who will retire as chair Sept. 30. They have also lived in Monrovia, CA and Kingston, TN. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Check your inbox to be the first to know the hottest news. Craig Menear's email & phone | 's Board Member contact info - Datanyze 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. "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". Thats right. But a modicum of political change may be at hand for both retailers in the coming election cycle. His family also took part in the tool and improvement industry, as his father worked as a tool maker and dye maker for the company General Motors. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. 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. Menear was born c.1958 in Flint, Michigan. 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 . Work Biography for Craig Menear. Inside the career of Home Depot CEO Craig Menear, who has worked at the 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. Menear began working at Home Depot in 1997. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. It should be no surprise that Craig Menear has had the success to become a millionaire during his career. Earlier this month, a memo from the office of Florida Gov. He is replaced by former executive vice president Ted Decker. Aug. 17, 2021. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. People like Geoffrey Palmer, a colorful California real estate developer who plays professional polo and owns multimillion-dollar mansions in Beverly Hills, Malibu and Aspen, will join the councils "Construction/Labor/Workforce" group, alongside leaders from major unions, including AFL-CIO, International Brotherhood of Teamsters, and Laborers International Union of North America. "As a long-time Home Depot veteran, Craig lives our . Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. In 2020, Home Depot has spent $1,495,000, giving 44% of that money Democratic politicians and 56% to Republicans. Select this result to view Craig Albert Menear's phone number, address, and more. Speaking to Atlanta Business Article, Craig mentioned that he met his wife in Michigan, his home state. Craig Menear Political Contributions in 2020. 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.