Marvin R. Ellison has been the CEO of Lowe's Companies Inc. since July 2018. Before taking the helm at Lowe's, he was the CEO and Chairman of J.C. Penney, where he led significant changes during a challenging period. He also...
Marvin R. Ellison has been the CEO of Lowe's Companies Inc. since July 2018. Before taking the helm at Lowe's, he was the CEO and Chairman of J.C. Penney, where he led significant changes during a challenging period. He also spent years at The Home Depot, taking on various leadership roles that shaped his deep understanding of the retail landscape. Ellison's journey in retail started at Target, where he gained valuable experience from 1987 to 2002. In 2023, his total compensation exceeded $18 million, which included a $1.45 million salary and over $27 million in vested stock, showing a strong connection between his pay and the company's performance. However, he didn't receive a cash bonus that year because certain performance goals weren't met, highlighting a focus on accountability. Marvin is not just a CEO in name — he has serious skin in the game. By 2024, he held around 260,000 shares of Lowe's stock, worth about $64 million. This directly aligns his interests with those of the shareholders, making him invested in the company's success. His leadership is all about building long-term value and navigating Lowe's growth in a competitive market.