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    Marvin R. Ellison

    Chairman, President, and CEO at LLowe's Companies Inc
    Board
    Since July 2018
    Age
    59 years
    Tenure
    Joined LOW as President and CEO in 07-2018 and advanced to the role of Chairman, President, and CEO in 05-2021.

    Also at Lowe's Companies Inc

    BJS
    Brandon J. Sink
    Executive Vice President and CFO
    JMD
    Janice M. Dupré
    Executive Vice President, Human Resources
    JMMI
    Joseph M. McFarland III
    Executive Vice President, Stores

    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

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,450,000AnnualFixed base annual salary
    All Other Compensation$101,418AnnualIncludes 401(k) matching contributions ($15,900) and Executive Deferred Compensation ($85,518); Other perquisites: $0

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    MetricWeightThresholdTargetMaximumVesting ScheduleEvaluation PeriodAdditional Details
    Sales40%N/AN/AN/AN/AFiscal Year 2023Performance levels set by the Compensation Committee
    Operating Income40%N/AN/AN/AN/AFiscal Year 2023
    Inventory Turnover10%N/AN/AN/AN/AFiscal Year 2023
    Pro Sales Growth10%N/AN/AN/AN/AFiscal Year 2023

    Performance Stock Units (PSUs)

    MetricValueAdditional Details
    Threshold Shares12,327 sharesMinimum performance level required for vesting
    Target Shares36,256 sharesTarget performance level
    Maximum Shares72,512 sharesMaximum possible award
    Performance MetricsROIC, Relative TSREarned based on three-year average ROIC and a relative TSR modifier
    Vesting Schedule3-year periodVesting is contingent on achieving the performance metrics over the three-year evaluation period
    Grant DateApril 1, 2023Award grant date
    Grant Date Fair Value$7,568,440 (PSUs)Fair value at the grant date