In their personal contributions, Home Depot executives have favored many of the same conservative politicians as Menear, although a number of figures from the company's leadership team have supported liberal politicians like Hillary Clinton. 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. 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. 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. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. Trump also appointed Treasure Island Hotels owner Phil Ruffin and casino mogul Sheldon Adelson to the council and assigned to its hospitality group. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Inside the career of Home Depot CEO Craig Menear - Business Insider For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. 2020 Transaction Count/Amount. In 2018, USA Today reported that Menear made $11.6 million in total compensation for his role as Home Depot's chief executive. He serves as the chairman and is the former chief executive officer of The Home Depot. References This . Craig A Menear, Home Depot Inc: Profile and Biography One of the biggest challenges looking ahead manifested in the form of consumer habits shifting, as online sales grew to 4% with no signs of slowing, leadership needed to ponder how best to sell items from barbecue grills and patio sets to actual bricks and mortar over the Internet. Home Depot on Thursday also announced a new $15 billion share-buyback program. In addition, he makes $10,889,800 as Chairman of the Board a Chief Executive Officer at Home Depot. 2016 Election Cycle. Account will be deleted and I will shop at Lowes! . "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. Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. 6. Craig Menear: age, family, salary, home depot, house - Briefly Craig Menear Wiki - Age, Wife, Family, & More. Craig Menear - L'ATTITUDE With this being said, his executive staff has dedicated a lot of time, energy, and effort to making sure they are clearly communicating their approach, strategy, and how each team member has a profound impact on achieving The Home Depots outlined goals. Ellison, on the other hand, has never donated to the Lowe's Companies, Inc. 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 Depot names longtime executive as new CEO | AP News Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. 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 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. 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. 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. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Craig Menear - Chairman, CEO and President - CrunchBase Changing the basis of, Read More 10 Things You Didnt Know about Mohit KumarContinue, What do you know about the Chief Technical Officer and co-founder of online chat platform Omegle, Leif K-Brooks? Atlanta-based Home Depot is a major political player in Georgia. I remember that. } With the $11 billion investment, we told our investors well actually produce an ROIC north of 40.. Home Depot CEO Craig Menear's Life and Career - Business Insider His first post-grad job was at Montgomery Ward, a department store chain. 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. 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. 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. There are several fast food restaurants that have expanded over the past few years and should continue to grow over the next year. In 2007, he was appointed executive vice president of merchandising. 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. Langone, however, walked back his support of the president and denounced Trump after a mobattackedthe Capitol. A Division of NBCUniversal. Home Depot names Craig Menear new CEO starting Nov. 1 The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Hed get a front-row seat to one of the greatest supply chain overhauls since Amazon began threatening the entire brick and mortar retail business community with speedy home delivery of goods spanning nearly every product category. They invested about $11 billion in the improvement of . 24/7 coverage of breaking news and live events. Menear was born in Flint, Michigan, USA, in the year 1958. Craig Menear in Washington | Photos | Reviews | 18 building permits. 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. Outgoing CEO Craig Menear will continue to serve as chair of the board. With fresher, Read More The Top Five Fast Food Franchises of 2017Continue, Steven Spielberg ranks as one of the most iconic and respected directors in the history of American cinema. 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. Check your inbox to be the first to know the hottest news. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Craig Menear Chairman and Chief Executive Officer. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. 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. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. His father was a tool and die maker at Flint General Motors. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. Name Total COMPENSATION; Albert P. Carey: Total Cash $315,000: In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. Rapidly putting his know-how to work, the young man from Flint climbed his way up from divisional merchandise manager for the southwest division to senior vice president of merchandising for hardlines by 2003. 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. })(); 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.
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