PEOPLE IN THE NEWS Ellison elected Chairman
at Lowe’s Lowe’s board of directors elected President and CEO Marvin Ellison to the additional role of Ellison chairman of the board. T Ellison succeeds Richard Dreiling, who has shifted from the role of chairman to lead independent director. Prior to the move, Ellison served as a director on Lowe’s board. “Marvin has demonstrated exceptional leadership at Lowe’s since his appointment three years ago and has built an extremely talented team,” Dreiling said in a prepared statement issued by the home improvement retailer. “He has been the driving force behind the company’s successful transformation into a world-class,
omnichannel retailer that provides outstanding customer experiences, is a great place for associates to work and consistently delivers value for our shareholders.”Dreiling also noted that Ellison guided Lowe’s through the pandemic and continued to deliver for associates and the communities that Lowe’s serves. “The board is confident Lowe’s remains wellpositioned for continued success, and we look forward to working with Marvin in this expanded capacity,” Dreiling said. Ellison joined Lowe’s in July 2018 as president, CEO and director, and has over 35 years of industry experience. Before joining Lowe’s, Ellison served as chairman and CEO of J.C. Penney Co. Before that, Ellison spent 12 years in senior-level operations roles with The Home Depot Inc., including serving as its executive vice president of U.S. stores.
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“I am honored to have the confidence of the board and to take on this additional responsibility at such an exciting time for Lowe’s,” Ellison said. “We have made great strides in transforming the business, and our improved operating capabilities and enhanced technology infrastructure enable us to capitalize on a constantly evolving business environment.” Industry honors LMC’s Somerville John Somerville, president of the Lumbermens Merchandising Corp. (LMC), was recognized during the ProDealer Industry Summit. Somerville was presented with a Lifetime Achievement Award from the National Lumber and Building Material Dealers Association — an honor that has presented only twice previously. “It has been truly an honor to work with such an important association that represents the best interests of all lumber and building material dealers across the country,” said Somerville. “I am very proud to have been part of NLBMDA’s history and sincerely thank NLBMDA for this Lifetime Achievement Award.” Somerville joined LMC in October of 2009. LMC a lumber and building materials co-op serving nearly 400 Stockholder companies with over 1,400 locations from coast to coast including Hawaii and the Bahamas.
Somerville
HBSDealer.com
