Marvin Ellison
Marvin Ellison
Personal Information
Brownsville, Tennessee, United States
Education & Background
Emory University (MBA)
Career Highlights
Wealth
Marvin R. Ellison (born 1966) is an American business executive serving as chairman, president, and chief executive officer of Lowe's Companies, Inc. since July 2018.[1] Ellison holds the unique distinction of being the only African American to have served as chairman and CEO of two Fortune 500 companies - J.C. Penney (2014-2018) and Lowe's.[2]
Leading Lowe's, the second-largest home improvement retailer in the United States, Ellison oversees annual revenues exceeding $97 billion.[3]
Early life and education
Marvin Ellison was born in 1966 in Brownsville, Tennessee. He was the fourth child of seven children, growing up in modest circumstances.[4]
He attended the University of Memphis, taking nearly six years to complete his business degree while working as a convenience store employee, janitor, and truck driver.[5]
He later earned an MBA from Emory University's Goizueta Business School.[6]
Career
Target Corporation (1987-2002)
Ellison began his corporate career at Target Corporation in the loss prevention department, starting as a security guard and rising through the ranks.[7]
The Home Depot (2002-2014)
In 2002, Ellison joined The Home Depot, ultimately becoming Executive Vice President responsible for all U.S. Stores - approximately 2,000 locations.[8]
J.C. Penney CEO (2014-2018)
In August 2014, Ellison was appointed President and CEO of J.C. Penney, making him one of the few African American CEOs of Fortune 500 companies.[9]
Lowe's CEO (2018-present)
In July 2018, Ellison became CEO of Lowe's. Revenue grew from approximately $72 billion in 2018 to over $97 billion by 2024.[10]
His transformation of Lowe's has been widely recognized as one of the most successful retail turnarounds in recent years.[11]
Personal life
Ellison is married to Sharyn, whom he met at the University of Memphis. They have two children - a son and a daughter.[12]
The family resides in Mooresville, North Carolina, near Lowe's headquarters.[13]
See also
References
- ↑ <ref>"Lowe's Names Ellison CEO".{Template:Newspaper.May 22, 2018.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison Fortune 500 Record".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Lowe's Revenue 2024".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison Biography".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison University of Memphis".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison Emory MBA".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison Target Career".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison Home Depot EVP".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison JCPenney CEO".{Template:Newspaper.August 4, 2014.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Lowe's Transformation Under Ellison".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison Retail Turnaround".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison Family".{Template:Newspaper.Retrieved December 15, 2025.</ref>
- ↑ <ref>"Ellison Residence".{Template:Newspaper.Retrieved December 15, 2025.</ref>