After Robert Niblock’s retirement, Marvin R. Ellison has been elected as the CEO and President of one of America’s home improvement retailers and a Fortune 500 company Lowe’s Companies, Inc., effective July 2, 2018. Lowe’s CEO Marvin Ellison is a seasoned industry leader, who is known for his operational skills and expertise. The African-American business executive has previously worked with companies like J.C. Penney, The Home Depot, Target, etc.
(Recommended read: Craig Menear, Home Depot CEO)
Lowe’s Competitors
The home improvement retailer Lowe’s main competitors are:
Salary & Net Worth – Investors, Funding, & Valuation
Lowe’s is reportedly paying him 1.45 million USD in base salary. His net worth will be shared shortly.
The company’s valuation in terms of market capitalization is about 80.5 billion USD. Institutional investors are the owners of 74% of company’s shares compared to insiders, who hold about 0.3% stake. Bill Ackman’s Pershing Square Capital Management and D.E. Shaw & Co. are some of those investors.
(Also read: Doug McMillon, Walmart CEO)
Career & Education – Company, University, & College
The new CEO of Lowes, Marvin, is an industry veteran with 30 years of robust experience in leadership and operational roles. Before joining Lowe’s, he has served J. C. Penney Company, Inc. as CEO and Chairman since 2014. Under his watch, company witnessed improvement in production, operations, and balance sheet. He also worked at The Home Depot, Inc., one of the leading home improvement companies in America for 12 years. He reached the ranks of Executive VP of US Stores there. Prior to coming to The Home Depot, he was at Target, where he worked for 15 years playing various operational roles, such as including Corporate Director – Asset Protection.
He attended University of Memphis to obtain a degree in Marketing, Business Administration and Emory University for an MBA.
Contact Marvin Ellison – Email Address | Twitter | LinkedIn
Lowes Companies, Inc.’s new CEO Marvin has a LinkedIn profile here https://www.linkedin.com/in/marvin-ellison-715b1a131. Email ID and other contact details will be added later.
Lowe’s Customer Care Number | Help & Support
For customer service support from the publicly listed company Lowes, you can write a mail to [email protected]. You can also call their customer care team at 1-800-445-6937.
Wiki Trivia on Marvin Ellison – Age, Wife, Family, & More
Lowe’s CEO Marvin, age 52, was born in Haywood County, Tennessee in 1966. He was raised in a small town of Brownsville, Memphis, Tennessee. Among 7 children, he is the middle child. Both his parents were working, but none did high school. His father used to sell insurance door to door. Ellison started working at an early age to pay his college tuition fees. From graveyard to convenience store to women’s department store, he did many jobs to support his education. Marvin is a musician. He and his wife Sharyn have two children, one son and one daughter.
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