August 23, 2025
The proud CEO hasn’t been silent about his blooming success, highlighting all of the methods the corporate has grown below his management like placing staff on the observe for development.
Not too long ago celebrating seven years as Lowe’s CEO, Marvin Ellison has taken the house enchancment firm to greater heights along with performing nicely on Wall Avenue, AfroTech stories.
Ellison made historical past as the primary Black government to function CEO of two Fortune 500 firms — becoming a member of Lowe’s in 2018 and beforehand working with JCPenney. Additionally having a hand at management roles, together with serving as a director at Goal and government vp at The Residence Depot, he celebrated his management milestone by honoring exhausting work and becoming a member of a few of his 1000’s of staff who make Lowe’s shops such a nice setting. “I celebrated my 7-year anniversary at Lowe’s the identical method I started – within the aisles of our shops. It was an honor to obtain my service badge from the hard-working Associates at Retailer 2304 in Chicago, led by Retailer Supervisor Brian Smagacz, DM Tim Lucas, and RVP Charles Reasonova,” he wrote on LinkedIn.
“I thank God for his continued blessings & favor!”
The proud CEO hasn’t been silent about his blooming success, highlighting all of the methods the corporate has grown below his management, like placing staff on the observe for development. “Lowe’s has dedicated $50 million, over 5 years, to coach 50,000 people in talent trades. There’s a essential scarcity of expert trades staff within the US, and Lowe’s is honored to be a part of the answer,” he wrote.
Ellison’s management additionally proved its price within the inventory market. Billionaire Africa celebrated Lowe’s robust efficiency on the New York Inventory Alternate (NYSE), elevating the inventory by 16.1% — from $215 in July to $249.7 — in only one month. Along with Lowe’s producing $83.7 billion in income and roughly $7 billion in income, Ellison is amongst 9 different leaders on the checklist of high Black CEOs main a Fortune 500 firm in 2025.
It might be his love for blue-collar and lower-level staff that makes him such a superb chief. Ellison has been a robust and vocal advocate for Gen Z staff to maintain their eyes on the money register and never on the company nook places of work as a lot. Throughout the Enterprise Roundtable’s CEO Workforce Discussion board in Washington, DC, in June 2025, the CEO touched on the hazards of AI coming in to take jobs and gave a sneak peek on the recommendation he presents a few of as we speak’s staff. “AI isn’t going to repair a gap in your roof. It’s not going to answer {an electrical} concern in your house. It’s not going to cease your water heater from leaking,” he stated to the gang.
“When younger folks come to me and so they need to work within the company workplace, my recommendation to them is: Keep as near the money register as you may. Keep near the purchasers, as a result of you’ll at all times have employment alternatives to develop.”
However there are some positives to having eyes set for the company way of life. Kyle C., an outlet supervisor, celebrated finishing his Lowe’s company internship with the chance to introduce the CEO, having began as a cashier in 2019. “In 2019, I used to be a cashier. If you happen to had instructed me that six years later, I’d be ending my company internship introducing our CEO, I won’t have believed you,” he wrote.
“However that’s the place I’m at.”
RELATED CONTENT: Lowe’s CEO Marvin Ellison Makes Historical past Being Named High Black CEO Of Fortune 500 Firm
