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"As a long-time Home Depot veteran, Craig lives our . The next item for consideration is the shareholder proposal regarding the preparation of a semi-annual report for political . The Home Depot has become one of the more successful home improvement companies that Craig Menear has earned himself the 29th spot on the list of the top 1000 CEOs of private and public companies. 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. They outrank your supervisor. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. 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. Craig Menear (born c. 1958) is an American business executive. Home Depot Inc. Craig was named CEO and president in November 2014 and chairman in February 2015. Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. President Trump's 'opening the country' council features several political donors and supporters . In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. He has also served as a Chairman for the company since 2015. 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. The Home Depot CEO has clearly shown his able leadership, and since his take over, the company has been on the rise. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Weve done a number of things throughout our facilities to be able to be more flexible, were working on expanding childcare services, and weve changed the configuration of our buildings in order to facilitate more team integration, Menear explains. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. But, what does the CEO of home depot make? Political Campaign Contributions. Its co-founder Bernie Marcus also publicly endorsed Trump urging other people to do so. This article about an American businessperson born in the 1950s is a stub. Under his leadership, the company continues to give quality services in supplying tools, construction products. 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. However, he could be reached through his work contacts. 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's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. As a result, The Home Depot sought to distance itself from the statement. [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. "Were happy to give input and ideas on the roadmap for reopening the economy, the statement reads, and were also doing this through Craigs participation with other organizations such as the Business Roundtable.". This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Turn on desktop notifications for breaking stories about interest? Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. Frank Blake has been Home Depot's chairman and CEO . 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. Read more here! In 2018, 36% of its $2,060,500 contribution went to Democrats, while in 2016 Democrats received 30% of an overall contribution of $1,977,250. 2023 CNBC LLC. Menear has donated to the Home Depot Political Action Committee over the years. . 2016 Election Cycle. Retail, among the industries hit hardest by the pandemic, received significant representation. Hell do an outstanding job leading our company in the years ahead.. Briefly.co.za recently published an article about Brian Williams' biography. 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. 2. Menear was named to Trump's Great American Economic Revival advisory group for retail earlier this year Bernie M. 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. Menear was born c.1958 in Flint, Michigan. ); You are already subscribed to our newsletter! 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. I know what that felt like. If you take care of your associates and take care of your customers, everything else takes care of itself., On August 21st of 2014, The Home Depot announced that Craig Menear, then president of U.S. retail, was named CEO and president, effective November 1, 2014. "Craig is always careful not to make the success of The Home Depot about him, but to make it about all of the team," said Frank Blake, Menear's predecessor as CEO, serving in the role from . Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. callback: cb [2][4][5], Menear joined Home Depot in 1997. Pete Davidson's net worth, age, girlfriend, education, tattoos, parents, profiles. Mr. Menear owns over 68,468 units of Home Depot stock worth over $75,521,444 and over the last 16 years he sold HD stock worth over $14,995,979. After graduating from MSU, Menear began his career at the modest, now-defunct retailer, Montgomery Ward; which was a pioneering mail order and department store retailer that operated between 1872 and 2001. Shares of the company were effectively flat after hours. 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. 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. But Id say, the most important thing, that weve found spans across generations, is: people want to understand the strategy of your company, they want to understand how they fit in that, and how they contribute to that.. 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. World Wrestling Entertainment Vince McMahon, the husband of major Trump donor and fundraiser Linda McMahon, is also listed as a member under the sports group. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. Mr . ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis. Langone has frequently expressed support for US President Donald Trump in media appearances, as has Marcus. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. He worked his way through, and in 2007 he was named the Vice President of Merchandising. Richard Mcvey: age, children, first wife, height, career, profile, worth. Details of his birthday and month are yet to be revealed. Decker began as a director of business valuation and served as executive vice president of merchandising before being named chief operating officer and president in October 2020. 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. Many Wall Street analysts attempted to make sense of the dramatic sales spike and what it could mean for future investors, here is a take from CNBCs Squawk Box covering the home improvement giants quarterly results: About 45% of Home Depots total sales come from Pro customers, and according to CNBC, as the pandemic winds down, they are seeing pent-up demand for professional projects as people feel comfortable inviting contractors back into their homes. Visit lattitude.net now! Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. I am Craig Menear CEO of Home Depot hater of Lowe's Destroyer Of IKEA Harbinger of Toilets Seller of Kitchen Cabinets Master of All PVC Tubes God of Construction Hardware BOW BEFORE ME MORTALS. When introducing her boss at Monday's Rotary Club of Atlanta, the Home Depot's Kelly Barrett admitted that she was a little worried when Craig Menear became CEO following Frank Blake in November . . The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Outgoing CEO Craig Menear will continue to serve as chair of the board. Current Chairman and CEO Craig Menear will continue to serve as the company's board chairman. 2 homedepot.com.trackapp.io; homedepot.com; 5+ 678362XXXX; 678-462-XXXX; 678-362-XXXX; 678-461-XXXX; 770-384-XXXX . Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Craig Menear tries to be on the store floor of a Home Depot almost every week. Connie Snyder: What do you know about Steve Ballmer wife? Both have vocalized consistent support for US President Donald Trump. Data is a real-time snapshot *Data is delayed at least 15 minutes. [2] He graduated from Michigan State University's Eli Broad College of Business in 1979. 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.