"Ellison got his start making just $4.35 per hour working part-time at Target while he was in college at the University of Memphis. Now he's president, CEO, and chairman of Lowe's, a $127 billion home-improvement giant and one of only eight Black Fortune 500 CEOs. While that's less than 2% of the entire group, it's a record-high share of Black CEOs on the list."
""On one hand, I feel incredibly privileged and blessed to be in this role because it gives me a chance to hopefully be a positive role model and create a pathway for other people who look like me," Ellison said in a November 2022 interview with Daymond John, a Black entrepreneur most famous for his hip-hop apparel company FUBU and serving as an angel investor on Shark Tank."
""I'm really disappointed that ... we still have such a significant gap in the capability that exists out there and the opportunities of individuals that look like me to be in a role like this," said Ellison, who leads a Fortune 50 company with more than 1,700 stores and 300,000 associates in the U.S., according to Lowe's."
Marvin Ellison began working part-time at Target for $4.35 per hour while attending the University of Memphis. He advanced through Target to a director-level role after 15 years and then transitioned into the home-improvement industry. He now serves as president, CEO, and chairman of Lowe's, a $127 billion company with more than 1,700 stores and 300,000 associates. He is one of eight Black CEOs on the Fortune 500, under 2% but a record-high share. He feels both privileged as a potential role model and disappointed by the persistent gap in opportunities for Black executives. His career strategy included accepting jobs others avoided to differentiate himself despite limited pedigree.
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