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He attended the local high school in his area before expanding his horizons after college, and learning the ropes of his now popular industry. Linda McMahon, who was previously the Trump administrations small business administrator, is now leading pro-Trump super PAC America First Action. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Craig Menear - Chairman, CEO and President - CrunchBase The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. } Biography of Craig Menear. Home Depot CEO - Craig Menear (Age 63) - ListOfCEO [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. But a job interview he booked for practice ignited his passion for the always-evolving, people-centered retail industry. 21 Famous Transformational Leadership Examples Craig Menear - $23,400 in Political Contributions for 2016 - CampaignMoney Home Depot CEO Craig, age 63, was born in Flint, Michigan in around 1958. Craig Menear - YouTube And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. "It's not entirely clear what the parameters were for deciding who is included or not included, but there do seem to be a significant number of Trump donors on this list," Brendan Fischer, a federal reforms director at watchdog group Campaign Legal Center, told ABC News. In 2021, the company had 490,600 employees and more than $151 billion in revenue. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. That same day, America First Action announced a $26.6 million investment in broadcast television ad buys set to run in the fall in the battleground states, including $18 million in Florida. You have to stay focused on the customers needs and when you lose that focus, bad things happen. Inside the career of Home Depot CEO Craig Menear - Business Insider Menear was born c.1958 in Flint, Michigan. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. (function() { event : evt, Menear has donated to the Home Depot Political Action Committee over the years. We will stand up and speak up, hitting Home . 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). from 1999 to present. Craig Menear, chairman, president, and CEO of The Home Depot and alumnus of the Broad College of Business, was the commencement speaker at the spring undergr. Who makes the tough business decisions to keep the company prosperous and overwhelmingly popular throughout the course of its history, and in this tough society? Adelson did not respond to a request for comment. His own father was a tool and die maker that worked at GM for forty-one years, and on the few off days to be had, the working-class man often recruited the help of his son for strenuous home improvement projects; perhaps Craig enjoyed these early boyhood do-it-yourself construction tasks, considering the billion-dollar company hed ultimately helm. All Rights Reserved. Home Depot names Craig Menear new CEO starting Nov. 1 So, while the home improvement giants and the more high-profile founders in the industry may favor Republican candidates at the moment, the partisan donation gap may be starting to balance out. Craig brings decades of product, supply chain, online and marketing expertise to his role during a time when the retail landscape is rapidly changing. 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. Family Life. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. 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. 2016 Election Cycle. They invested about $11 billion in the improvement of . Sign up for free newsletters and get more CNBC delivered to your inbox. Craig A Menear - Add Relationship - LittleSis Download all contribution records for this person. They all have backlogs. In order to best position themselves for this rush in Pro sales, Craig Menear and company have continued streamlining their delivery process, outfitting it to handle larger orders,while also ensuring they have stocked up on as much inventory as possible. The Home Depot on Thursday named a veteran executive as its new CEO. Menear began working at Home Depot in 1997. 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. The Home Depot CEO: Craig Menear Biography - Brooksy In his more than 20 ye ars with the company, he has held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. 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 resides near The Home Depot headquarters, which are located in Atlanta, Georgia. 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. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. 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. After passing, he joined Michigan State University, Eli College of Business, where he graduated with a Bachelor of Arts Degree in 1979. Enjoy our content? We want to hear from you. Lets get started. Like other CEOs, Craig has been vocal about his political stand in the US elections. . "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. forms: { "As a 22-year associate of The Home Depot, Ted . Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. 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. Home Depot CEO Craig Menear: People focus makes the difference in 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. 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 . All Rights Reserved. He is the chairman and CEO of, The Home Depot, one of the largest home improvement firms in America. 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. 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. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Data is a real-time snapshot *Data is delayed at least 15 minutes. "Craig has taken on increasing leadership responsibility over the last several years and has excelled in all his roles," said Blake. He's spent the vast majority of his career dealing with complex logistics, the expectations of builders and home . Craig Menear - Address & Phone Number | Whitepages The American entrepreneur cannot be contacted directly via his personal details. This net worth approximation does not reflect any other investments that Mr. Menear may own. As of 14 November 2018, the estimated net worth of Craig Menear was more than $85.1 Million. Turn on desktop notifications for breaking stories about interest? Political Campaign Contributions. From the policy debates to the political fights, today's . Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. A Division of NBCUniversal. Palmer Associates and Ruffin's spokesperson declined to comment when reached by ABC News. 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. Of the two, Menear is clearly the more frequent contributor to political campaigns, politicians, and his current company's PAC. 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. 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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.