In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Richard Mcvey: age, children, first wife, height, career, profile, worth. Got a confidential news tip? . Will Record Tuition Deductions Help Private Colleges? Not the Craig Menear you were looking for? . Atlanta-based Home Depot is a major political player in Georgia. They invested about $11 billion in the improvement of . But is Home Depot really a conservative company? But a modicum of political change may be at hand for both retailers in the coming election cycle. Craig Menear in Washington | Photos | Reviews | 18 building permits. Craig Menear (born c. 1958) is an American business executive. 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. Ethics experts say it is certainly not the first time political donors have netted advisory posts. Altogether, Lowe's leadership has been less overtly political in their spending than the Home Depot executive team. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. ET and ABC News Live at 4 p.m. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. Learn More about Craig A. Menear's net worth. In total, ABC News identified at least 25 individuals appointed to the advisory council who have made substantial donations to his political campaigns or to outside groups supporting his presidency, raising concerns among prominent ethics watchdogs. According to Bizjournals, he made a total of $10,889,833 in 2019 and $13,995,092 from the year after. Their status as retirees has not stopped outraged social media users from encouraging left-leaning shoppers to spend their cash at Lowe's instead. Craig was named CEO and president in November 2014 and chairman in February 2015. In 2017, Michigan State University honoured him with the Distinguished Alumni Awards for his accomplishments in business and his commitment to philanthropic activities. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. He previously served as chief merchant and executive vice president of merchandising. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. 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. Has Been Known As The Darling Of Wall Street, 7. Hell do an outstanding job leading our company in the years ahead.. Both men are company veterans. 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. In January 2022, The Home Depot announced that he would step . 24/7 coverage of breaking news and live events. Outgoing CEO Craig Menear will continue to serve as chair of the board. Craig Menear (born c. 1958) is an American business executive. Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. Home Depot on Thursday also announced a new $15 billion share-buyback program. Craig Menear Wiki - Age, Wife, Family, & More. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . In fact, the CEO is considered a multi-millionaire, making roughly around $11 million annually (with increases each year). Biography of Craig Menear. POLITICAL ACTION COMMITTEE: 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. You can find out more information about Menear and the work he has put into The Home Depot online. While Lowe's lacks a set of high-profile, long-retired Republican mega-donor founders to match those at Home Depot, differences between the two companies' political contribution strategies are thinner that a skim coating of paint. 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. 2023 CNBC LLC. Schwarzman gave nearly $1 million to Trump Victory and the Trump inaugural committee and gave another $3 million to America First Action. 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. 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. 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. I couldnt do this without her, he humbly admitted to the Atlanta Business Chronicle in 2018. In November 2014, he became the SEO of the company and has served as its chairman since February 2015. Over the course of 11 years, the ex-Home Depot executive gave the Atlanta-based chain's namesake PAC a total of $8,100. [6] He was given $11.5 million in 2016. Together, they worked on several home improvement projects. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Follow Craig Menear on LinkedIn to get to know them better. A Division of NBCUniversal. "President Trumps policies built a booming economy and they will do so again.". 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. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Adelson did not respond to a request for comment. Craig Menear - Chairman, Chief Executive Officer and President. forms: { Craig Menear. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. Home Depot is the largest home improvement retailer in the United States. Excelling academically, Craig Menear finished high school in the spring of 1975 and earned his way into Michigan State Universitys Eli Broad College of Business that next fall semester. 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. 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. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. 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. 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. 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. Lowe's has given $376,000 to Republicans and $164,500 to Democrats thus far. As Craig Menear put it: that was a significant improvement compared to double-digit declines in previous quarters in 2009. He attributed the improvement to consumers snapping up values in Home Depots appliances, water heaters, and windows categories. Craig Menear Connected to: {{::readMoreArticle.title}} De Wikipedia, la enciclopedia libre. The American entrepreneur cannot be contacted directly via his personal details. Following his brief stint with the fledgling clothing store, Ellison got named CEO of Lowes, an international home improvement retailer that is largely considered his previous employers most fervent competitor. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Craig may not officially change The Home Depot's signature orange color, but his allegiance to the green and white is as strong as ever. Despite Langone and Marcus' high-profile conservative giving, Home Depot's PAC has consistently been more Democrat-friendly than that of its rival. Austin Russell Luminar CEO Capping off an already unbelievable trip around the Sun, December 2020 saw wall street introduce the worlds youngest self-made billionaire, twenty-five-year-old, David Steward Net Worth: $3.7 Billion Origin of Wealth: IT Provider Hometown: Clinton, Missouri Education: Bachelor of Arts/Science, Central Missouri State University Early Life David, Sheldon Adelson Net Worth: $36 Billion Wealth Origin: Casinos Hometown: Boston, MA Education: Drop Out, City College of New York Early Life Sheldon Adelson was, Steven Udvar-Hazy Net Worth: $4 Billion Wealth Origin: Aircraft Leasing Birthplace: Budapest, Hungary Education: Bachelor of Arts/Science, University of California, Los Angeles Early Life Growing, Eli Broad Net Worth: $6.9 Billion Wealth Origin: Real Estate, Insurance Hometown: Detroit, Michigan Education: Bachelor of Arts/Science, Michigan State University Mr. Los Angeles Although, Jim Umpleby Caterpillar CEO Long before Caterpillar CEO Jim Umpleby ascended to the heights of corporate America, he was a teenager growing up in Highland, Kevin Hourican Sysco CEO Long before Sysco CEO Kevin Hourican was responsible for managing one of the worlds largest food distributors, he was a lengthy, Miguel Patricio Kraft Heinz CEO Before being named CEO of Kraft Heinz, Miguel Patricio was born in Portugal, then moved to Brazil during his childhood,, Corie Barry Best Buy CEO Before being ranked by Fortune Magazine as one of the ten most influential women alive, Best Buy CEO Corie Barry, Vivek Sankaran Albertsons CEO Although he now presides over the helm of Americas second-largest grocery store chain, Albertsons CEO Vivek Sankaran has come a long, David Friedberg Book Recommendations For many reasons, The Production Board founder David Friedberg and books simply go hand in hand, whether were talking his favorite, David Sacks Book Recommendations For many reasons, Craft Ventures co-founder David Sacks and books simply go hand in hand, whether were talking his favorite business, Reid Hoffman Book Recommendations For many reasons, billionaire co-founder of LinkedIn Reid Hoffman and books simply go hand in hand, whether were talking his favorite, Paul Tudor Jones Book Recommendations For many reasons, billionaire hedge fund manager Paul Tudor Jones and books simply go hand in hand, whether were talking, Nassim Taleb Book Recommendations For many reasons, best-selling author Nassim Taleb and books simply go hand in hand, whether were talking his favorite business classics,, A Guide to Day Trading Strategies There are countless day trading strategies to choose from, and it comes with good reason considering investors are constantly, A Guide to Common Chart Patterns A chart pattern is a graphical formation that consistently manifests itself on price histories over a period of time., A Guide to the Best Trading Platforms So youre ready to give up your nine to five job and start day trading from a balcony, Ricky Gutierrez on How to Grow a YouTube Channel Imagine being able to make a decent living by filming and uploading videos made from home;, How to Buy Your First Stock, with Ricky Gutierrez Wall Street is full of boundless potential for financial gains, even so, its important to be. Craig Menear. Family Life. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . In 2019, Marcus said he would donate a portion of his billions to the president's re-election campaign. While glancing at his 13 years company's stock transaction . 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. 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. 6. Contribution Totals. 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. While Home Depot's PAC favors Republicans, the partisan balance of its giving has grown more even with each year. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News.