Marvin Ellison has served as president and chief executive officer of Lowe’s Companies, Inc. since July 2018, when he also joined Lowe’s board of directors.
Ellison has more than 30 years of leadership and operational experience in the retail industry, including expertise in managing a large network of stores and employees as well as global logistics networks. He most recently served as chairman and CEO of J.C. Penney Co., where he implemented a turnaround strategy that improved the company’s balance sheet, increased store productivity, optimized operations and grew key categories.
He has extensive experience in the home improvement industry, having spent 12 years in senior-level operations roles with Home Depot Inc., where he served as executive vice president of U.S. stores from 2008 to 2014. At Home Depot Inc., Ellison oversaw U.S. sales, operations, install services and pro strategic initiatives, dramatically improving customer service and efficiency across the organization to serve both do-it-yourself and pro customers. Prior to joining Home Depot Inc., Ellison spent 15 years at Target Corp. in a variety of operational and leadership roles.
Ellison earned a bachelor’s degree in business administration from the University of Memphis and an MBA from Emory University. He serves on the boards of FedEx Corporation, the Retail Industry Leaders Association and the National Retail Federation. He also serves as a member of the board of trustees for the University of Memphis. Ellison was named to Fortune’s World’s Greatest Leaders in 2016 and was recognized as the 2016 Corporate Executive of the Year by Black Enterprise.
Lowe's Companies, Inc. (/loʊz/), doing business as Lowe's, is an American retail company specializing in home improvement.Headquartered in Mooresville, North Carolina the company operates a chain of retail stores in the United States, Canada, and Mexico. As of February 2018, Lowe's and its related businesses operate more than 2,390 home improvement and hardware stores and employ over 310,000 people in North America.
Lowe's is the second-largest hardware chain in the United States behind The Home Depot and ahead of Menards. Globally, Lowe's is also the second-largest hardware chain, behind The Home Depot but ahead of European retailers Leroy Merlin, B&Q and OBI.