How Lowe's CEO Marvin Ellison went from making $4.35 an hour as a Target security guard to running the second biggest home-improvement retailer in the US (LOW) - Creak News

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How Lowe's CEO Marvin Ellison went from making $4.35 an hour as a Target security guard to running the second biggest home-improvement retailer in the US (LOW)

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Marvin Ellison Lowe'sPool / Getty Images

  • Lowe's CEO Marvin Ellison left JCPenney to take over the home-improvement retailer during the summer of 2018.
  • But before he ran JCPenney, he worked for years at major retailers like Home Depot and Target.
  • Take a look at how Ellison went from a college-aged security guard at Target to the CEO of a major retailer.

Lowe's CEO Marvin Ellison can draw on his many years of retail experience.

Not only has the longtime executive held plenty of leadership positions over the course of his career, but he also knows what it's like to work as a store employee at places like Target.

Read more: Lowe's CEO explains why millennials aren't killing the home-improvement market

Ellison became CEO of Lowe's in 2018. There, he makes a base annual salary of $1.45 million with $6 million worth of restricted stock options, according to the Charlotte Business Journal. But as a college student, he started out with a part-time security gig at Target, which only paid $4.35 an hour.

Here's a look inside Ellison's career:

Ellison grew up in Brownsville, Tennessee, with his parents and six siblings. Ellison told the Dallas Morning News that as a middle child, he was a "a born peacekeeper."

Thomas R Machnitzki/Wikipedia Commons

Source: The Dallas Morning News



Speaking to the audience at the National Retail Federation's 2019 Big Show, the Lowe's CEO said that growing up in rural Tennessee, "I could go out in my front yard and look to the north, south, east, and west and see nothing that looked like success."

Bryan Bedder/Getty Images

But Ellison added that his parents, who worked as sharecroppers, encouraged him and his six siblings to "not to allow your surroundings to limit your vision of the future." As a result, Ellison said he "always had the desire to do more."

Larry & Tiz Huch / Youtube

Source: Footwear News




See the rest of the story at Business Insider

See Also:

SEE ALSO: A look inside the emergency command center where Lowe's employees monitor natural disasters like hurricanes and deploy supplies to devastated parts of the country

DON'T MISS: An analyst breaks down how natural disasters like hurricanes and fires impact Home Depot and Lowe's

SEE ALSO: Lowe's has a new slogan — and it shows how the battle for a key home-improvement market is heating up



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