Home Depot on Thursday also announced a new $15 billion share-buyback program. including in the most recent fiscal quarter, was making significant investments in its supply chain and e-commerce business. 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. 5. Craig Menear tries to be on the store floor of a Home Depot almost every week. Craig Menear is chairman, CEO and president of The Home Depot. The retailer's current CEO, Craig Menear, 64, will continue to serve as chair of the board. 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. Home Depot's Chief Operating Officer Ted Decker will step into the role of CEO, as of March 1. Despite being the older company, the original movers-and-shakers of Lowe's never achieved the same high-profile or politicized status in the business world as their orange-aproned counterparts. Enjoy our content? Teddy W Solomon says: April 4, 2021 at 5:19 pm. A Division of NBCUniversal. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Starting in 2018, the company began spending $1.2 billion to open about 150 supply chain facilities over five years including giant centers geared toward home professionals. Account will be deleted and I will shop at Lowes! (exechange) Atlanta, Georgia, January 27, 2022 Craig Menear, chief executive of Home Depot, leaves his position. In 2007 he was appointed to Executive Vice President of Merchandising, a position that hed flourish in for seven years. 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! The Home Depot - Wikipedia Dating back to January 21, 2005, Menear has donated $97,921.16 to the Home Depot Inc., Political Action Committee. Bernie Marcus attends Lord & Taylor toasts Georgia Aquarium founder Bernie Marcus at Del Posto, April 18, 2007, in New York City.
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