Marvin R. Ellison
Also at Lowe's Companies Inc
About
Marvin R. Ellison is a seasoned leader in the retail and home improvement industries, currently serving as Chairman, President, and Chief Executive Officer at LOW. At 59 years old, he brings over 35 years of experience in operational leadership and strategic transformation, making him a key figure in the growth and success of the company.
Although details on his educational background are not disclosed, his career progression speaks volumes about his capabilities. Beginning his career with significant roles at notable companies, he laid a strong foundation for his expertise in managing large-scale retail operations.
His professional journey includes pivotal leadership positions at Target Corporation, The Home Depot, and J.C. Penney, where he held roles spanning operational management to executive leadership. In 07-2018, he joined LOW as President and CEO, and his role evolved further in 05-2021 when he assumed the expanded responsibilities of Chairman, President, and CEO. His strategic direction has been credited with driving operational efficiency and enhancing customer service across the enterprise.
$LOW Performance Under Marvin R. Ellison
Past Roles
Organization | Role | Date Range | Details |
---|---|---|---|
J.C. Penney Company, Inc. | Chairman of the Board and Chief Executive Officer | 2016 – May 2018 | No longer held after transition to Lowe's |
J.C. Penney Company, Inc. | Chief Executive Officer | 2015 – 2016 | Role prior to promotion at J.C. Penney |
J.C. Penney Company, Inc. | President | 2014 – 2015 | Held before ascending to CEO roles at J.C. Penney |
The Home Depot, Inc. | Executive Vice President – U.S. Stores | 2008 – 2014 | Position ended before joining Lowe's |
The Home Depot, Inc. | President – Northern Division | 2006 – 2008 | Role prior to EVP appointment |
The Home Depot, Inc. | Senior Vice President – Logistics | 2005 – 2006 | Previous senior leadership role |
The Home Depot, Inc. | Vice President – Logistics | 2004 – 2005 | Held prior to senior vice president role |
The Home Depot, Inc. | Vice President – Loss Prevention | 2002 – 2004 | Role focused on loss prevention initiatives |
Target Corporation | Various Operational Roles | 1987 – 2002 | Held multiple roles in operations |
External Roles
Organization | Role | Date Range [N/A] | Details |
---|---|---|---|
FedEx Corporation | Director on the Board | N/A [N/A] | Active board position |
Retail Industry Leaders Association | Board Member | N/A [N/A] | Active member of the board |
Fixed Compensation
Component Name | Amount | Payment Schedule | Additional Details |
---|---|---|---|
Base Salary | $1,450,000 | Annual | Fixed base annual salary |
All Other Compensation | $101,418 | Annual | Includes 401(k) matching contributions ($15,900) and Executive Deferred Compensation ($85,518); Other perquisites: $0 |
Performance Compensation
Non-Equity Incentive Plan Compensation
Metric | Weight | Threshold | Target | Maximum | Vesting Schedule | Evaluation Period | Additional Details |
---|---|---|---|---|---|---|---|
Sales | 40% | N/A | N/A | N/A | N/A | Fiscal Year 2023 | Performance levels set by the Compensation Committee |
Operating Income | 40% | N/A | N/A | N/A | N/A | Fiscal Year 2023 | |
Inventory Turnover | 10% | N/A | N/A | N/A | N/A | Fiscal Year 2023 | |
Pro Sales Growth | 10% | N/A | N/A | N/A | N/A | Fiscal Year 2023 |
Performance Stock Units (PSUs)
Metric | Value | Additional Details |
---|---|---|
Threshold Shares | 12,327 shares | Minimum performance level required for vesting |
Target Shares | 36,256 shares | Target performance level |
Maximum Shares | 72,512 shares | Maximum possible award |
Performance Metrics | ROIC, Relative TSR | Earned based on three-year average ROIC and a relative TSR modifier |
Vesting Schedule | 3-year period | Vesting is contingent on achieving the performance metrics over the three-year evaluation period |
Grant Date | April 1, 2023 | Award grant date |
Grant Date Fair Value | $7,568,440 (PSUs) | Fair value at the grant date |