craig menear politics

Sign up for free newsletters and get more CNBC delivered to your inbox. ET and ABC News Live at 4 p.m. Edward "Ted" Decker, who has served as Home Depot's chief operating officer since October 2020, will become president and CEO on March 1. 24/7 coverage of breaking news and live events. Thats right. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. In more than 20 years with the company prior to becoming CEO, his work included merchandising, supply chain, store operations, and marketing. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. Public asset : 66,160,504 USD. Craig Menear in Washington | Photos | Reviews | 18 building permits. That relentless work ethic the future executive displayed must have had something to do with the rugged midwestern upbringing he experienced, after all, his father frequently battered him with the mantra, if youre going to do something, do it 110%, or dont do it at all.. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . He is one of the legendary news anchors in America today. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. And so far in the 2020 election cycle, the PAC has also given $250,000 to the Congressional Black Caucus PAC and its members. The founding team at Home Depot longtime home improvement executives Bernie Marcus and Arthur Blank, investor Ken Langone, and merchandising expert Pat Farrah. By DEE-ANN DURBIN January 27, 2022. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. This article about an American businessperson born in the 1950s is a stub. 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 has become a household name in house renovations, all under the leadership of Craig. During his childhood, he had a lawn care business with which he bought his first car. I remember that. The American entrepreneur cannot be contacted directly via his personal details. 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. "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. He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund. Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. After completing his university studies, the American businessman got into work at several retailers. 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. Reply. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. But, what does the CEO of home depot make? Among other initiatives, they plan on adding 170 distribution facilities across America to reach 90% of the U.S. population in one day or less, moreover, another goal is to open hubs that will consolidate the freight for dispatch on to final-mile delivery vehicles appliances for Interline MRO, Pro, and do it yourself (DIY) hobbyists delivery from DFCs, vendors, and stores, in about 100 locations. In the 2020 elections, he allegedly donated The Home Depot profits to former US President Donald Trump's campaign. A Division of NBCUniversal. In January 2022, The Home Depot announced that he would step . Craig Menear has created a big name for himself in the business of home improvement. Learn More about Craig A. Menear's net worth. He attended Flint Central High School. Following publication of this report, White House deputy press secretary Judd Deere issued a brief statement to ABC News. . 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 is the Chairman of the Board. It became apparent this rebuild was reaching for the long-term as the great recession took hold, plunging the companys net income to $756 million in the three months ended Nov. 2, 2008, down 30.7% from $1.1 billion in the same period a year before. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Executing a move that initially left some scratching their heads, the board appointed Frank Blake CEO after Nardellis departure, he had come from GE as well, and many feared a catastrophic repeat of the past seven years. Craig Menear Chairman and Chief Executive Officer. The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . Menear actually began his career with The Home Depot in 1997, and worked his way from the bottom to the top. 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. "It's an example of how writing big checks to the president and a super PAC means that your voice is heard louder than many others, Fischer said. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. But the recurring partisan controversy fails to capture the fact that both home improvement companies skew conservative when it comes to political giving a tendency they share with many major retailers. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. . As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. POLITICAL ACTION COMMITTEE: 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.. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". With the exception of Ellison, the top brass at both home improvement giants largely favor donating to their employer's designated PAC, as well as the occasional specific politician or campaign. 6. He lives with his wife, and the couple also has two daughters. By December of 2019, The Home Depot was riding high considering online sales had been increasing about $1 billion in each of the previous six years, ultimately making them the 5th largest e-commerce operation in the United States; 50% of the time, customers were choosing to pick up their orders inside their neighborhood store a testament to the home improvement giants interconnected strategy. Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. 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! { Before joining The Home Depot in 1997, Craig served in various roles with retailers such as IKEA, Builders Emporium, Grace Home. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. Country of residence : Unknown. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Got a confidential news tip? 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. 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. 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. Not long after the board appointed Menear, the former moved on and accepted an opportunity to become CEO of J.C. Penny. Menear has donated to the Home Depot Political Action Committee over the years. "During Ted's tenure as CEO and a member of the board, we have witnessed firsthand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair," Greg Brenneman, the board's lead director, said in a news release. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . Craig Menear politics. listeners: [], The estimated Net Worth of Craig A Menear is at least $101 Milion dollars as of 20 August 2021. The pair has given $470,300 this year, with 99% of that money going to Republican candidates. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. Retail, among the industries hit hardest by the pandemic, received significant representation. on: function(evt, cb) { Atlanta-based Home Depot is a major political player in Georgia. Contrary to popular belief, Craig Menear has worked with various other retailers within the same genre of industry throughout his career. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. "As a long-time Home Depot veteran, Craig lives our . Craig Menear is an inspiration to all the upcoming businesspersons. You have to stay focused on the customers needs and when you lose that focus, bad things happen. The home improvement retailer has gone through a period of tremendous growth during the pandemic, as nesting trends and a strong housing market collided. Through his able leadership, the company has grown significantly. Frank Blake has been Home Depot's chairman and CEO . Ruffin has given nearly $1 million to Trump Victory, the president's joint fundraising committee with the Republican National Committee, and another $1 million to Trump's inaugural committee. Political Campaign Contributions. 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. Get this delivered to your inbox, and more info about our products and services. 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