Marvin Ellison was born in 1966 in Haywood County, Tennessee, and grew up in Brownsville, near Memphis, USA. He earned a bachelor’s degree in business administration from The University of Memphis and later obtained an MBA from Emory University.
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Table of Contents
Marvin Ellison Bio
| Personal Information | |
|---|---|
| Full Name | Marvin Ellison |
| Birth Year | 1966 |
| Birthplace | Haywood County, Tennessee, USA |
| Residence | Dallas, Texas, USA |
| Age | 57 years (as of 2023) |
| Spouse | Sharyn Ellison |
| Children | Two children, including Donavan Ellison |
Education
| Education | |
|---|---|
| Bachelor’s Degree | Business Administration, The University of Memphis |
| MBA | Emory University |
Professional Experience
| Professional Experience | |
|---|---|
| Current Position | Chairman and CEO, Lowe’s Companies Inc. |
| Previous Leadership Roles | J.C. Penney Co., Home Depot Inc. |
| Industry Experience | Over 35 years in retail leadership and operations |
Financial Information
| Financial Information | |
|---|---|
| Salary (2023) | $1.45 million |
| Net Worth (2023) | $30 million |
Recognition and Awards
| Recognition and Awards | |
|---|---|
| Barron’s “Top CEOs” | 2021, 2020 |
| Father of the Year | National Father’s Day Council, 2017 |
| Fortune’s “World’s Greatest Leaders” | 2016 |
| Corporate Executive of the Year | Black Enterprise, 2016 |
Career Highlights:
With over 35 years of retail leadership experience, Ellison served as the chairman and CEO of J.C. Penney Co. before joining Lowe’s. He spent 12 years at Home Depot Inc., notably as the executive vice president of U.S. stores from 2008 to 2014, where he significantly improved customer service and operational efficiency.
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Professional Recognition:
Marvin Ellison has received numerous accolades, including being named in Barron’s “Top CEOs” in 2021 and 2020, Fortune’s “World’s Greatest Leaders” in 2016, and Black Enterprise’s “Corporate Executive of the Year” in 2016.
Personal Life:
Marvin is married to Sharyn Ellison, and the couple has two children, a son named Donavan Ellison and a daughter. They currently reside in Dallas, Texas.
Financial Details:
- Salary: Marvin’s base salary as of 2023 is $1.45 million.
- Net Worth: Estimated at $30 million as of 2023, reflecting his accumulated wealth from a successful career in the retail industry.
Physical Attributes:
- Age: 57 years (as of 2023)
- Height: 5 feet 6 inches (1.67 m)
Additional Facts:
- Marvin Ellison worked various jobs during his early life, including graveyard shifts at a convenience store and driving a plumbing supplies truck.
- He is actively involved in civic leadership, serving on the board of trustees at The University of Memphis.
- Despite his success, Ellison prefers to lead a modest lifestyle.
Conclusion
Marvin Ellison, born in 1966 in Haywood County, Tennessee, has risen to prominence as the Chairman and CEO of Lowe’s Companies Inc., a FORTUNE® 50 home improvement giant. With a career spanning over 35 years, including leadership roles at J.C. Penney Co. and Home Depot Inc., Ellison has earned recognition for his contributions to the retail industry. Beyond his professional achievements, he values a modest lifestyle with his wife Sharyn and two children in Dallas, Texas.
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Frequently Asked Questions (FAQs):
- What is Marvin Ellison’s current position?
- Marvin Ellison serves as the Chairman and CEO of Lowe’s Companies Inc., a leading home improvement retailer with a significant presence in the United States and Canada.
- Where was Marvin Ellison born and raised?
- Marvin Ellison was born in Haywood County, Tennessee, and spent his formative years in Brownsville, a small town approximately sixty miles northeast of Memphis.
- What is Marvin Ellison’s net worth?
- As of 2023, Marvin Ellison’s estimated net worth is $30 million, reflecting his financial success from a distinguished career in the retail industry.
- How many years of experience does Marvin Ellison have in retail leadership?
- Marvin Ellison boasts over 35 years of retail leadership and operational experience within Fortune 500 companies, including notable roles at Home Depot Inc. and J.C. Penney Co.
- What is Marvin Ellison’s educational background?
- Marvin Ellison earned a bachelor’s degree in business administration from The University of Memphis and holds an MBA from Emory University. His commitment to education is evident in his current role on the board of trustees at The University of Memphis.
