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We will stand up and speak up, hitting Home . Prior to joining The Home Depot, he worked in a variety of roles in mass, home center and specialty retailing. from 1999 to present. Robert N. Fried: age, children, spouse, movies, house, profiles, net worth. [4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot. [1][2] His father worked as a tool and die maker for General Motors. As a CEO and President of Home Depot, he earns a base salary of $1.3 million per annum. Get this delivered to your inbox, and more info about our products and services. People go: Got it. Home Depot forced a worker to quit after he wore a slogan supporting the Black Lives Matter movement on his apron, and it threatened to punish other employees who tried to bring . Sign up for notifications from Insider! Prior to his retirement in November 2011, Mr. Arpey served as Chief Executive Officer of AMR Corporation, a global airline holding company, and its subsidiary American Airlines, from 2003 through November 2011, immediately prior to their voluntary filing for reorganization . 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. A Division of NBCUniversal. 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. })(); 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. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats. However, these actions were met with backlash from the public. Marcus and Langone have spent millions supporting Republican and conservative causes over the years. Craig Menear. Mr. Menear owns 277,604 shares of Home Depot stock worth more than $88,264,192 as of February 21st. Many people are familiar with him because of his decade-long stint in the media industry. You can find out more information about Menear and the work he has put into The Home Depot online. The PAC was previously called the Home Depot Better Government PAC in the early 2000s, only to be eventually renamed to promote transparency. The estimated Net Worth of Craig A Menear is at least $97.7 Milion dollars as of 20 August 2021. 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. Select this result to view Craig Albert Menear's phone number, address, and more. "And you do have to question whether some of these people would have been included if they weren't major financial supporters of the president and his party.". 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. I could have spent all that money at locally owned businesses that do not support fat blimp-like despicable proto-fascist dictator assholes. He replaces former CEO Craig Menear, who will retire as chair Sept. 30. The Center for Responsive Politics found that in the year 2020, donations in the retail sphere have been more even across the political spectrum than usual. Top editors give you the stories you want delivered right to your inbox each weekday. 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. In 2020 so far, the Bernard Marcus Family Foundation has donated $680,521 to Republican Congressional candidates. Since Targa Resources is a member of the Fortune 500 list, this means that Perkins possesses considerable influence when it comes to the companys specialties, which, Read More 10 Things You Didnt Know about Targa Resources CEO Joe Bob PerkinsContinue, Are you looking to start a fast food restaurant franchise? 2016 Election Cycle. You could say that Menear has had a love for home improvement instilled in his blood from a young age. In fiscal 2013, the company reached sales of $78.8 billion and earnings of $5.4 billion. 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 . Home Depot and its PACs are major donors to Republicans, both nationally and in Georgia. Home Depot on Thursday also announced a new $15 billion share-buyback program. . Answer (1 of 47): I have stopped shopping at Home Depot and I greatly regret the many tens of thousands of dollars I have spent there in the past. Craig Menear, the company's new CEO, is a veteran merchant who lights up when discussing the capabilities of power tools. Menear has donated to the Home Depot Political Action Committee over the years. forms: { This site uses Akismet to reduce spam. Craig brings decades of retail experience from mass, home center, specialty and big box retailing to his role during a time when the retail landscape is rapidly changing. "It's bizarre to me that there's nobody representing public health," Virginia Canter, chief ethics counsel at Washington-based advocacy group Citizens for Responsibility and Ethics in Washington, told ABC News. 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. But scattered among them are several of Trumps friends, supporters, and political donors. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Craig Menear Political Contributions in 2020. The numbers show that home improvement retailers have set up PACs that have predominantly donated to Republican federal candidates, like most large retailers. Digital sales rose 80% year over year, furthermore, customers picked up about 60% of those orders at a physical store. To find out, Business Insider analyzed Federal Election Commission data for Home Depot and Lowe's executives, as well as data from the Center for Responsive Politics. Home Depot founders and Republican mega-donors Ken Langone and Bernie Marcus have attracted controversy over their donations to Republican groups and politicians, including US President Donald Trump. The question, ethics experts said, is whose interests are best represented and how they earned a proverbial seat at the table. Craig Menear is an inspiration to all the upcoming businesspersons. But is Home Depot really a conservative company? Outgoing CEO Menear said Decker, a 22-year Home Depot veteran, is the right person to take the helm during a period of growth. 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. Join the Brooksy Society by subscribing to our Monthly Newsletter! Learn how your comment data is processed. Since then, he has become a regular donor to his alma mater throughout the years. That makes a difference, believes Frank Blake. 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. As announced by Home Depot Inc. in a news release and in a regulatory filing published on Thursday, January 27, 2022, Craig A. Menear leaves his post as chief executive officer at the world's largest . Aug. 17, 2021. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. "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. Contribution Totals. 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. window.mc4wp = window.mc4wp || { Joe Schildhorn/Patrick McMullan via Getty Image, Do Not Sell or Share My Personal Information. Craig Menear Chairman & Chief Executive Officer. Data is a real-time snapshot *Data is delayed at least 15 minutes. Sign up for free newsletters and get more CNBC delivered to your inbox. Mr Menear, getting involved in political statements. Shares of the company were effectively flat after hours. He's worked at the company since 1997, steadily rising through different leadership roles before becoming CEO in 2014. Fifty-one percent of Trump's billionaire donors did not give to the president's 2016 campaign. The longtime CEO of the company has made a name for himself, and for the company, throughout the years, making it a household name in its industry (no pun intended). 6. Ethics experts say it is certainly not the first time political donors have netted advisory posts. { Business Insider could not identify any members of the current leadership team who donated to a specific politician while employed at Lowe's. The list features prominent leaders from a range of major industries, from real estate to finance to sports. For some home improvement shoppers, orange signs and blue signs are the new red states and blue states. In addition, he makes $10,889,800 as Chairman of the Board i Chief Executive Officer at Home Depot. Craig Menear. Around ten years old, Craig remembers noticing a girl about the same age living just five houses down from him, her name was Dawn. Fostering his own entrepreneurial spirit, as a kid, he set up a neighborhood lawn care business that triumphantly led to him purchasing his first car with personal savings. . He then worked at Builders Emporium and was also a distribution manager at IKEA. Since public colleges are supported by the taxes of the people who live in the local regions, the tuition for public colleges, Read More Will Record Tuition Deductions Help Private Colleges?Continue, Joe Bob Perkins is the CEO of Targa Resources. Menear was born c.1958 in Flint, Michigan. In 2018, the committee donated $1,320,320 to Republican federal candidates and $742,680 to . In addition to naming Home Depot CEO Craig Menear to its list, the White House also listed Home Depot co-founders Bernie Marcus and Ken Langone.Both of those billionaires no longer work for the home improvement company, but they are major Republican donors. Mr. Arpey has been a partner in Emerald Creek Group, LLC, a private equity firm based in Southern California, since 2012. The culture was always here, he retrospectively told Institutional Investor in a 2011 interview. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020. We want to hear from you. Author: Lois Furry. Craig Menear Chairman and Chief Executive Officer. 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. For Menear, one of his most important tasks when taking over as CEO was keeping the company customer centered while also keeping up with the advancing technology that has taken over our society. 2. U-Haul billionaire E. Joe Shoen made his first-ever contribution to Trump Victory, $35,500, in . 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. Craig Menear politics. A Home Depot spokesperson told Business Insider that the business, as a "long-standing" company policy, does not "endorse or contribute to presidential candidates.". 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.. Menear has donated to the Home Depot Political Action Committee over the years. Through his hard work and consistency, he has ensured that he remains on top of the game throughout most aspects in life.