Advertisement

JCPenney CEO Marvin Ellison Leaving To Head Lowe’s

0aamarvin

Lowe’s has named Marvin Ellison President and CEO, effective July 2, 2018. Ellison will resign from his current position as Chairman and CEO of JCPenney as of June 1. A search committee has been formed to fill his position.

Ellison has 30 years of experience in the retail industry, with 12 years in senior-level operations roles at The Home Depot that included Executive Vice President of U.S. Stores. He will replace outgoing Lowe’s President and CEO Robert Niblock, who is retiring after 25 years with the company.

“Marvin is an experienced retail CEO with extensive expertise in a complex omnichannel consumer-facing company,” said Marshall Larsen, Lead Director of the Lowe’s Board in a statement. “He also brings significant experience in the home improvement industry, with a proven track record of global operational excellence and driving results from both do-it-yourself (DIY) and Pro customers.”

Advertisement

JCPenney has created the Office of the CEO, which will be comprised of CFO Jeff Davis, Chief Customer Officer Joe McFarland, CIO and Chief Digital Officer Therace Risch and Executive Vice President of Supply Chain Mike Robbins. The team will collectively lead the retailer until a new CEO is named.

Shares of JCPenney fell as much as 8% in early trading on May 22 after Ellison’s departure was announced, while shares of Lowe’s rose approximately 1.7%, according to Business Insider. JCPenney’s stock price has declined by 35% since the beginning of the year.

In March, JCPenney eliminated 360 positions and announced the departure of Mike Amend, EVP of JCPenney’s omnichannel business, Mike Amend.

Lowe’s also has appointed Richard W. Dreiling as Chairman of the Board, effective July 2.

Featured Event

View the Retail Trendcaster Webinar Series on-demand to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

On-Demand Limited Video Series

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. View the full lineup of the Retail Trendcaster video series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Access Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: