Marvin Ellison Biography
Marvin Ellison has been president and CEO of Lowe’s Companies, Inc. since July 2018, when he also joined the company’s board of directors.
Marvin Ellison Age
He is 57 years old as of 2023. He was born in 1966 in Haywood County, Tennessee.
Marvin Ellison Wife
He is married to Sharyn Ellison. The couple has a son named Donavan Ellison. Ellison is the Executive Director of The Ellison Foundation, which she co-founded in 2010 with her husband, Marvin R. Ellison, Chairman, President, and CEO of Lowe’s Home Improvement, Inc. Her involvement in her husband’s career has caused some controversy, as some see it as representing the softer side of business leaders, while others are concerned that her ideas will be prioritized over those of other professional employees.
Marvin Ellison Net Worth
His net worth is estimated to be $54.8 Million.
Marvin Ellison Salary
He earned $17,871,715 in total compensation as Chairman, President, and Chief Executive Officer of LOWE’S COS INC.
Marvin Elison Education
Marvin holds a bachelor’s degree in business administration from The University of Memphis, where he is also a trustee. In addition, he has an MBA from Emory University. Marvin is a member of the FedEx Corporation and the Retail Industry Leaders Association boards of directors.
Marvin Career
Marvin has over 35 years of retail management and operational experience with Fortune 500 companies. Marvin previously served as chairman and CEO of J.C. Penney Co., where he achieved positive sales growth, reduced debt, and generated positive adjusted earnings per share.
He has extensive experience in the home improvement industry, having worked for Home Depot Inc. for 12 years in senior-level operations roles. From 2008 to 2014, he was executive vice president of U.S. stores, where he oversaw U.S. sales, operations, installation services, tool rental, and pro strategic initiatives, dramatically improving customer service and efficiency across the organization. Prior to joining Home Depot, Marvin worked for Target Corp. for 15 years in a variety of operational and leadership roles.
Marvin has received numerous awards for his professional and civic leadership. The National Father’s Day Council named him “Father of the Year,” Black Enterprise named him “Corporate Executive of the Year,” and Savoy named him one of the “Most Influential Black Executives in Corporate America.”
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