Marvin Ellison is Chairman, President and Chief Executive Officer of Lowe’s Companies, Inc., a FORTUNE® 50 home improvement company with more than 1,700 stores and approximately 300,000 associates in the United States.
Marvin has more than 35 years of retail leadership and operational experience and has the unique distinction of being the only African American to serve as Chairman and CEO of two Fortune 500 companies. Prior to joining Lowe’s, Marvin served as Chairman and CEO of J.C. Penney Co., where he delivered positive sales growth, reduced debt and generated positive adjusted earnings per share.
He has extensive experience in the home improvement industry, having spent 12 years in senior-level operations roles with The Home Depot. Most notably he served as Executive Vice President of U.S. stores from 2008 to 2014, dramatically improving customer service and efficiency across the organization, as he oversaw U.S. sales, operations, installation services, tool rental and pro strategic initiatives. Prior to Home Depot, Marvin spent 15 years at Target Corp. in a variety of operational and leadership roles.
Marvin earned a Bachelor’s Degree in Business Administration from The University of Memphis, where he currently serves on the board of trustees. He also holds an MBA from Emory University. Marvin also serves on the board of directors for FedEx Corporation.
Marvin’s professional and civic leadership has earned him many accolades. Most notable are multiple appearances on Barron’s annual list of “Top CEOs”; inclusion on Fortune’s “Most Inspirational CEOs” and “World’s Greatest Leaders” lists; and being named “Father of the Year” by the National Father’s Day Council, “Corporate Executive of the Year” by Black Enterprise and one of Savoy’s “Most Influential Black Executives in Corporate America.” In 2023, he received the National Retail Federation’s Visionary Award.
Marvin and his wife, Sharyn, are committed to being of service within their faith and community, primarily through the support of religious and philanthropic organizations that promote higher education, self-empowerment and excellence for minority youth.