Mr. Ellison has served as President and Chief Executive Officer of Lowe’s since 2018 and as Chairman of the Lowe’s Board of Directors since May 2021. Mr. Ellison previously served as Chief Executive Officer of J.C. Penney Company, Inc., a department store retailer, from 2015 to 2018 and Chairman of the Board from 2016 to 2018. He served as President of J.C. Penney from 2014 to 2015.

Prior to J.C. Penney, Mr. Ellison served in a variety of leadership positions at The Home Depot Inc., a home improvement retailer, from 2002 to 2014, including Executive Vice President–U.S. Stores; President– Northern Division; Senior Vice President–Logistics; Vice President–Logistics; and Vice President–Loss Prevention. From 1987 to 2002, Mr. Ellison served in a variety of operational roles with Target Corporation.

Specific Experience, Qualifications, Attributes and Skills Relevant to Lowe’s

Mr. Ellison has more than 35 years of leadership and operational experience in the retail industry, including expertise in managing a large network of stores and employees as well as global logistics networks. He brings extensive experience in the home improvement industry, having spent 12 years in senior-level operations roles with The Home Depot, where he oversaw U.S. sales, operations, installation services, tool rental and Pro strategic initiatives, and improved customer service and efficiency across the organization to serve both DIY and Pro customers.