| CEO Name | Marvin Ellison |
| Nationality | United States |
| Net Worth Estimation | $45 million |
Marvin Ellison's estimated net worth of around $45 million derives primarily from his executive compensation at Lowe's Companies, Inc. and previously at J.C. Penney and Home Depot, including salary, stock awards, bonuses, and long-term equity incentives. Additional value is attributed to his accumulated shares, stock options, and performance-based awards vested over his leadership tenure in major retail corporations.
Marvin Ellison, CEO of Lowe's Companies, Inc., has an estimated net worth of $45,000,000, which is 56% of the maximum and 4.5 times higher than the minimum in the retail category's CEO net worth range ($10,000,000-$80,000,000). His net worth places him in the mid-to-upper range among retail CEOs.
Business Category: Retail
Minimum Net Worth (estimation): 10000000 USD
Maximum Net Worth (estimation): 80000000 USD
Marvin Ellison Performance in Lowe’s Companies, Inc.
Marvin Ellison, CEO of Lowe's Companies, Inc., emphasizes operational excellence, strategic decision-making, and customer-centric leadership to drive growth. His leadership led to improved financial performance, enhanced employee engagement, and a revitalized brand positioning focused on home improvement innovation. Under Ellison's tenure, Lowe's has seen increased revenue, stronger market share, and accelerated digital transformation efforts.
Latest News
Lowe's CEO Marvin Ellison: From Retail Worker to Fortune 500 Leader
Marvin Ellison, Lowe's CEO and chairman, rose from earning $4.35 an hour at Target to leading Lowe's, a $130 billion home improvement company with over 1,700 stores and 300,000 associates. He is one of only eight Black CEOs in the Fortune 500, emphasizing his role as a positive leader amid ongoing diversity challenges.
Source: http://fortune.com/2024/06/19/lowes-ceo-went-from-min-wage-to-ceo/