Craig Menear

Craig Menear (born c. 1958) is an American business executive. He serves as the chairman and is the former chief executive officer of The Home Depot.

Craig Menear
Bornc. 1958
Flint, Michigan, U.S.
EducationMichigan State University (BA)
Known forChairman and former CEO of The Home Depot

Early life

Menear was born c. 1958 in Flint, Michigan.[1][2] His father worked as a tool and die maker for General Motors.[3]

Menear was educated at the Flint Central High School, graduating in 1975.[2] He graduated from Michigan State University's Eli Broad College of Business in 1979.[1][2]

Career

Menear began his career at several retailers. His first post-grad job was at Montgomery Ward, a department store chain.[4] He previously worked for Builders Emporium and was a distribution manager for IKEA prior to working for Home Depot.[2][4][5]

Menear joined Home Depot in 1997.[1] He became executive vice president of merchandising in 2007.[2] Succeeding Frank Blake in these roles, Menear has served as its chief executive officer since November 2014,[2] and as its chairman since February 2015.[6] He was given $11.5 million in 2016.[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. He is replaced by former executive vice president Ted Decker.[8]

Civic activities

Menear is a donor to his alma mater, Michigan State University.[3][9] He has also supported initiatives through Home Depot, including the Home Depot Political Action Committee and a disaster relief fund.[9][4]

References
  1. Kuehner-Hebert, Katie (December 5, 2017). "Craig Menear's Home Depot: The Darling Of Wall Street". Chief Executive. Retrieved April 6, 2018.
  2. Thorne, Blake (August 21, 2014). "Craig Menear, Flint native, named Home Depot CEO". The Flint Journal. Retrieved April 6, 2018.
  3. "Taking Care of Business". Michigan State University. July 9, 2015. Retrieved April 6, 2018.
  4. Cain, Áine. "Inside the career of Home Depot CEO Craig Menear, who spent nearly 20 years working his way up the ladder". Business Insider. Retrieved 2019-03-29.
  5. Cain, Áine. "Inside the career of Home Depot CEO Craig Menear, who spent nearly 20 years working his way up the ladder". Business Insider. Retrieved 2020-04-29.
  6. "Company Overview of The Home Depot, Inc.: Craig A. Menear". Bloomberg. Retrieved April 6, 2018.
  7. Grantham, Russell (April 5, 2017). "Home Depot nails 2016 but CEO's pay drops slightly, to $11.5 million". The Atlanta Journal-Constitution. Retrieved April 6, 2018.
  8. "Ted Decker". Home Depot. Retrieved 27 August 2022.
  9. Loeb, Walter. "Why Home Depot CEO Craig Menear Is The Retailer Of The Year". Forbes. Retrieved 2019-03-29.


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