Robert L. Tillman was the CEO of Lowe's Companies, Inc. from its significant transition period in the early 2000s. His journey began in 1962 at Lowe’s, where he steadily climbed the corporate ladder, eventually stepping into the CEO role in...

Current Market Cap

$148.35B

Number of Employees

284K

Total Compensation

2001 - 2005

Trending down by -39.38% last year
Showing total compensation for the last 2001 - 2005

Stock

Up by 0.00% last year

Salary

Down by -27.00% last year

Bonus

Down by -43.70% last year

Other

Down by -36.65% last year

Year

2005

Total Compensation

$2.55M

Salary

$730.00K

Board Justification

The compensation philosophy is designed to align executive compensation with the company's performance and shareholder value, with a focus on attracting and retaining top talent.

Bonus

$1.69M

Board Justification

The bonus was based on the company's performance metrics, specifically on achieving predetermined objectives for growth in earnings before interest and taxes (EBIT).

Other

$135.89K

Board Justification

Other compensation included matching contributions under the Lowe’s 401(k) Plan and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2005 as the focus was on cash compensation and bonuses.

Performance Metrics

The performance metrics included growth in earnings before interest and taxes (EBIT) as a key determinant for bonuses.

SEC Filing

From April 14, 2006

Robert L. Tillman

Ex-CEO of Lowe's Companies

RL

Education

Bachelor's degree in Business Administration from the University of South Carolina

Field of Expertise

Consumer Goods & Retail - Retail

Born

December 5, 1942 - 81 years ago

Is Founder?

No

Tenure

8 years 5 months (Aug 1996 - Jan 2005)

Previous Experience

Joined Lowe's in 1962, served in various roles including President and COO