Lowe’s Companies, Inc., the second-largest home improvement retailer in the world, was founded in 1946 by Lucius Smith Lowe in North Wilkesboro, North Carolina. Today, Lowe’s CEO Marvin R. Ellison leads the Fortune 100 company’s $86 billion business and a workforce of approximately 300,000 associates across more than 1,750 stores in the United States. Appointed Chairman, President and CEO in July 2018, Ellison brought decades of retail and operational expertise from The Home Depot, J.C. Penney, and Target. Under his leadership, Lowe’s has undergone a dramatic transformation, investing heavily in technology, Pro customer services, and omnichannel capabilities while delivering consistent shareholder returns. He holds the unique distinction of being the only African American to have served as Chairman and CEO of two Fortune 500 companies.

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Marvin Ellison – Quick Facts

Lowe’s Competitors

Lowe’s Companies operates in the highly competitive home improvement retail industry. The key competitors of Lowe’s include:

• The Home Depot – largest home improvement retailer globally with ~51% U.S. market share
• Menards – privately held Midwest home improvement chain
• Ace Hardware – cooperative of independently owned hardware stores with 5,100+ U.S. locations
• Amazon – expanding aggressively in home improvement and building materials
• Walmart – competes in home goods, tools, and hardware categories
• Tractor Supply Company – rural home improvement and farm supply
• Floor & Decor – specialty hard-surface flooring retailer
• IKEA – competes in home furnishing and organization categories

Marvin Ellison Net Worth 2026 – Lowe’s CEO Salary

As of 2026, Marvin Ellison net worth is estimated at approximately $70–100 million USD, based on his disclosed Lowe’s stock holdings, cumulative executive compensation, and board fees from FedEx. According to SEC filings, Ellison directly owns approximately 231,000 shares of Lowe’s (LOW) stock, and his wealth has been further bolstered by years of equity-based compensation and stock option exercises at both Lowe’s and J.C. Penney.

Lowe’s CEO Compensation Breakdown (FY2024)

Lowe’s Net Worth 2026 – Is Lowe’s Profitable?

Yes, Lowe’s is a highly profitable company. Under Lowe’s CEO Marvin Ellison, the home improvement giant has delivered consistent earnings growth and aggressive shareholder returns through dividends and share buybacks.

Lowe’s Financial Summary (FY2025, ended Jan. 30, 2026)

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Lowe’s CEO Email Address | Marvin Ellison Contact

Below are the official contact details and social media profiles for Lowe’s CEO Marvin Ellison:

Career & Education – Company, University, & College

Marvin Ellison’s career spans over three decades in retail operations, rising from a $4.35-an-hour security guard at Target to leading one of America’s largest corporations. Below is his complete career timeline:

Marvin Ellison Career Timeline

Marvin Ellison began his retail career in 1987 as a 20-year-old security guard at Target Corporation, earning just $4.35 per hour. Over the next 15 years, he rose through multiple operational roles, eventually becoming Corporate Director of Asset Protection. To pay for college, he simultaneously worked at convenience stores, as a janitor, and as a truck driver while attending the University of Memphis.

In 2002, Ellison joined The Home Depot, where he spent 12 years in senior-level operations roles. He served as President of the Northern Division (2006–2008), overseeing nearly 1,000 stores, before being promoted to Executive Vice President of U.S. Stores in 2008 — making him responsible for all 2,000+ Home Depot locations.

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In 2014, Ellison was recruited to serve as CEO of J.C. Penney, where he implemented a turnaround strategy that improved the company’s balance sheet, increased store productivity, and grew key categories. He was named Chairman in 2016, becoming only the second African American to serve as Chairman and CEO of a Fortune 500 company at that time.

Ellison joined Lowe’s as President and CEO on July 2, 2018, succeeding Robert Niblock. He was elected Chairman of the Board on June 1, 2021. Under his leadership, Lowe’s has invested billions in technology modernization, expanded its Pro customer business, and built a world-class e-commerce platform serving approximately 16 million customer transactions per week.

Education

Marvin Ellison Wiki – Age, Family, & More

Lowe’s CEO Marvin Ellison (age 59) was born on June 1, 1966, in Haywood County, Tennessee. He grew up in the small town of Brownsville, near Memphis, as the middle child of seven siblings. His parents were both working class — his father was a former sharecropper who later sold insurance door-to-door, and his mother was among the first in their family to graduate from high school. Neither parent attended college, which made Ellison’s drive to earn a degree all the more remarkable.

Ellison began working at an early age to pay his college tuition, holding jobs ranging from convenience store clerk and gravedigger to janitor and truck driver. It took him nearly six years to complete his bachelor’s degree at the University of Memphis because he was working multiple jobs simultaneously. He is a talented musician as well.

Marvin is married to Sharyn Ellison, whom he met while attending the University of Memphis. The couple has two children — a son and a daughter — and resides in Mooresville, North Carolina, near Lowe’s corporate headquarters.

Notable Achievements & Recognitions

• Top Black Fortune 500 CEO (2025) – Named the highest-ranked Black CEO on the Fortune 500 list by company revenue
• NRF Visionary Award (2023) – Honored by the National Retail Federation for driving positive change in the retail industry
• ELC Achievement Award (2022) – Recognized by The Executive Leadership Council at their 36th Annual Recognition Gala
• Fortune “World’s Greatest Leaders” (2016) – Named to Fortune’s list of global leaders
• Black Enterprise Corporate Executive of the Year (2016)
• Board Memberships – Serves on boards of FedEx Corp., the Retail Industry Leaders Association, and the National Retail Federation
• University of Memphis Trustee – Member of the Board of Trustees

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About Lowe’s Companies, Inc.

Lowe’s Companies, Inc. is an American home improvement retailer headquartered in Mooresville, North Carolina. Founded in 1946, the company is the second-largest home improvement retailer in the world after The Home Depot. Lowe’s serves approximately 16 million customer transactions per week across its network of stores and e-commerce platforms.

Lowe’s operates across the United States, serving both do-it-yourself (DIY) homeowners and professional (Pro) contractors. The company’s strategic focus areas include growing its Pro customer business, expanding e-commerce and omnichannel capabilities, investing in technology modernization, and enhancing home services offerings.

Frequently Asked Questions (FAQ)

Who is the current CEO of Lowe’s?

The current CEO of Lowe’s is Marvin R. Ellison, who has served as President and Chief Executive Officer since July 2, 2018, and as Chairman of the Board since June 1, 2021. Before joining Lowe’s, he served as Chairman and CEO of J.C. Penney and spent 12 years in leadership roles at The Home Depot.

What is Marvin Ellison’s net worth in 2026?

As of 2026, Marvin Ellison’s net worth is estimated at $70–100 million USD, based on his disclosed Lowe’s stock holdings of approximately 231,000 shares, cumulative executive compensation, and board fees from FedEx Corporation. His wealth is primarily tied to equity awards accumulated over his tenure at Lowe’s.

What is the Lowe’s CEO’s salary?

Marvin Ellison’s total compensation for fiscal year 2024 was approximately $20.16 million, including a $1.49 million base salary, $2.94 million annual bonus, $11.98 million in stock awards, and $3.75 million in stock options. Over 92% of his compensation is performance-based.

What is the Lowe’s CEO’s email address?

Lowe’s CEO Marvin Ellison’s email address is [email protected]. He can also be reached via Twitter/X at @MarvinREllison. For customer service inquiries, contact [email protected] or call 1-800-445-6937.

What did Marvin Ellison do before Lowe’s?

Before becoming Lowe’s CEO, Marvin Ellison served as Chairman and CEO of J.C. Penney from 2014 to 2018. Prior to that, he spent 12 years at The Home Depot, rising to Executive VP of U.S. Stores. He began his retail career in 1987 as a security guard at Target, where he worked for 15 years while earning his business degree.

Is Lowe’s a profitable company?

Yes, Lowe’s is very profitable. In fiscal year 2025 (ended January 2026), the company reported net income of $6.65 billion on revenue of $86.3 billion. Lowe’s has a gross margin of 33.5% and an operating margin of 11.8%. The company returned $2.6 billion in dividends to shareholders and projects revenue of $92–94 billion for FY2026.

Article last updated:January 2026March 2, 2026