The second best result is Craig Allen Menear age 40s in Valparaiso, IN. READ ALSO: Brian Williams bio: age, daughter, wife, education, career, salary, net worth. Stephen Schwarzman, CEO of the asset management group Blackstone, will join the council's financial services and real estate groups. This article about an American businessperson born in the 1950s is a stub. Craig Menear (born c. 1958) is an American business executive. Others in the loop would argue the contrary, that executives werent informed enough on the competition, given Lowes stellar rise; the one thing folks seem to universally agree about regarding this period in Home Depots history is its disheartening impact on all involved parties. Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1.. Frank Blake has been Home Depot's chairman and CEO since 2007, and . 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. The list features prominent leaders from a range of major industries, from real estate to finance to sports. Retail, among the industries hit hardest by the pandemic, received significant representation. 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. One factor behind the lower rate of political contribution may simply be the newness of the North Carolina-based company's leadership. The company also expanded its distribution network, with the goal of offering same-day and next-day delivery to 90% of the U.S. population. Briefly.co.za recently published an article about Brian Williams' biography. window.mc4wp = window.mc4wp || { Both have become outspoken and prolific donors to Republican causes and candidates since retiring from the retailer decades ago. By clicking Sign up, you agree to receive marketing emails from Insider 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. The new CEO will be Craig Menear, Atlanta-based Home Depot announced Thursday after the stock market closed. Menear was born and raised in Flint, Michigan to his family back in 1958. 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. His first job was at Montgomery Ward, a department store chain. The company itself used to be involved in sports science but these days, its making a significant move toward healthcare. Political Campaign Contributions. Have you ever looked at a company or brand and wondered who runs the show? Account will be deleted and I will shop at Lowes! The announcement comes two days after Home Depot's second-quarter earnings report, which reflected strong performance even as consumers grappled with high inflation. Sign up for free newsletters and get more CNBC delivered to your inbox. Both have vocalized consistent support for US President Donald Trump. 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. "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. on: function(evt, cb) { Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. However, as of 2021, he is 63 years old. "President Trump, who has already brought together the private sector and federal government for unprecedented collaboration during the COVID-19 pandemic, is beginning a dialogue with prominent and successful individuals across multiple industries with different backgrounds and skillsets for the monumental task of re-opening the American economy," Deere wrote. 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. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Enjoy our content? 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. Steve Ballmer: age, children, wife, house, yacht, profiles, net worth in billions, Get the news that matters from one of the leading news sites in South Africa, Mlungu woman nails pantsula dance moves with Converse All Stars in the township, Creative lady transforms shack into beautiful home, shows off incredible style, 6-year-old girl fighting for her life following pit bull attack, doctors say she got 1000 stitches, SA woman with "shwapa" performs Bhebha dance challenge, people praise confident woman in TikTok video, Details into the life of Samantha Speno, Randy Orton's ex-wife. Craig Menear is the Chairman of the Board. In 2006, Home Depot brought on Office Depot logistics veteran Mark Holifield as senior vice president of Supply Chain. To a Spreadsheet or Other File Type. 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! Even prior to the global health crisis, Home Depot was making significant investments in its supply chain and e-commerce business. [1][2], Menear began his career at several retailers. 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. People go: Got it. 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. (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. He attended Flint Central High School. 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 . 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. Between the day Craig Menear was made chief executive in 2014 and December 2017, The Home Depots single share value increased from roughly $92 to $192, at which point, the company revealed a plan to invest north of $11 billion to position itself as One Home Depot.. Spielberg is a legend, Read More The 10 Highest Grossing Films Directed by Steven SpielbergContinue, What do you know about Mohit Kumar, the CEO of Ultrahuman? [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. . 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. We want to hear from you. 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. Richard Mcvey: age, children, first wife, height, career, profile, worth. But scattered among them are several of Trumps friends, supporters, and political donors. With over 10 years experience he's covered businesses, CEOs, and investments. Want to connect with other businesses in the Latino community? 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. Decker took over as CEO in March, when Menear stepped down from that role. 2. 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. Its worth noting that while board room deliberations ensued regarding Blakes successor, the companys head of U.S. stores, Marvin Ellison and CFO Carol Tome were also potential contenders for the top spot. Menear graduated from Michigan State University College of Business with a bachelors degree back in 1979. During his childhood, he had a lawn care business with which he bought his first car. Craig Menear in Washington | Photos | Reviews | 18 building permits. 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. Quickly connect with Craig before . But, what does the CEO of home depot make? . Read more: A financial analyst breaks down the biggest differences between Home Depot and Lowe's and explains which retailer has the edge. In 1997, Craig joined The Home Depot, one of the largest home improvements firms in America. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. Recent work: Johnson/brooks single family residence - window rpl rmv/rpl 3 windows; no structural changes. The White House announced the appointment of 220 individuals this week assembled by President Donald Trump to serve on an advisory council to assist the White House coronavirus task force in developing a plan to restart the U.S. economy. "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. Little did they know, Blakes selfless leadership style would be exactly what The Home Depot needed to mend soar wounds. Home Depot shares closed Thursday at $356.43, down less than 1%, and are up about 30% over the past 12 months. Larry Page: net worth, age, children, wife, house, education, salary, profiles. Menear has been into entrepreneurship from an early age. Menear started at Home Depot in 1997, and Decker began his tenure there in 2000. 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. Marcus in particular has once again made headlines by vowing to support. Access your favorite topics in a personalized feed while you're on the go. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. Craig Menear is chairman, CEO and president of The Home Depot. 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. Craig Menear resides near The Home Depot headquarters, which are located in Atlanta, Georgia. Like other CEOs, Craig has been vocal about his political stand in the US elections. As a long-time Home Depot veteran, Craig lives our values and embodies our culture. })(); 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. Menear graduated from Michigan State University College of Business with a bachelor's degree back in 1979. } This net worth approximation does not reflect any other investments that Mr. Menear may own. Craig A Menear is Former Chairman/CEO at Home Depot Inc. See Craig A Menear's compensation, career history, education, & memberships. listeners: [], Got a confidential news tip? Go create a customer-focused culture in a company of 300,000 people, that would have been pretty difficult. Home Depot names new CEO, Ted Decker, who will start March 1, Chartmaster on what to do with the Home Depot/Costco trade. Join the Brooksy Society by subscribing to our Monthly Newsletter! 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. The Northern Nevada Business Weekly reported in 2014 that the Home Depot cofounder had moved to the Lake Tahoe area.