premeeting intelligence for:

Marvin R. Ellison

,

Chairman, President and CEO at Lowe's Companies, Inc.

Marvin R. Ellison

Chairman, President and CEO at Lowe's Companies, Inc.
Decisive
Assertive
Fast-Paced
Determined
Persuasive
Ambitious
Dynamic
Visionary
Spontaneous
Pioneering
Adventurous
Casual
Enthusiastic
Personable
Adaptable
Optimistic
Inventive
Approachable
Warm
Hospitable
Intuitive
Friendly
Accommodating
Diplomatic
Composed
Thoughtful
Agreeable
Careful
Modest
Consistent
Conscientious
Perceptive
Calm
Diligent
Meticulous
Collected
Accurate
Rational
Reserved
Strong-willed
Skeptical
Straightforward
Efficient
Candid
Steadfast
Focused
Vigorous
Persistent
Location:
Mooresville, North Carolina, United States
Education:
Emory University, Goizueta Business School - MBA
Overview:
  • Led Lowe's as Chairman, President, and CEO since July 2021.
  • Previous roles include President and CEO of Lowe's from 2018.
  • Brought significant expertise from executive positions at JCPenney from 2014, The Home Depot, and Target.
Quotes

ON CORPORATE DIVERSITY...

"What we're going to do at Lowe's is we're going to be compliant to any government requirement. If the mandate comes from OSHA for us as a retailer, we're going to spend zero time debating whether or not the government has the right to do it." source

ON RETAIL COMPETITION...

"For the first time since 2017, the beginning of our data, Lowe’s is seeing visits that actually outpace Home Depot. While easing restrictions could potentially provide support, Lowe’s is also well positioned for the coming months." source

ON ASPIRATIONAL LEADERSHIP...

"We have taken a fresh look at our organizational structure and are realigning our leadership team to improve our focus, better leverage Lowe’s omni-channel capabilities and deliver increased value for our customers, associates and shareholders." source

DISC Type:
Captain (D)
DISC Type:
Driver (Di)
DISC Type:
Initiator (DI)
DISC Type:
Influencer (Id)
DISC Type:
Motivator (I)
DISC Type:
Encourager (Is)
DISC Type:
Harmonizer (IS)
DISC Type:
Counselor (Si)
DISC Type:
Supporter (S)
DISC Type:
Planner (Sc)
DISC Type:
Stabilizer (SC)
DISC Type:
Editor (Cs)
DISC Type:
Analyst (C)
DISC Type:
Skeptic (Cd)
DISC Type:
Questioner
DISC Type:
Architect (Dc)
How to communicate
Focus on their need for control and results, be direct and to the point.
Do
Provide specific details about the product's features and benefits
Highlight how the product will solve their problems and make their life easier
Don't
Beat around the bush or offer vague information
Be too pushy or salesy
When communicating with them, focus on being direct, confident, and results-oriented.
Do
Speak in a fast-paced, confident tone
Focus on the bottom line and how your product can help them achieve their goals
Don't
Use too much jargon or technical language
Waste time on small talk or irrelevant details
Focus on big ideas, big concepts, and fast action over analysis.
Do
Use a direct and assertive tone
Emphasize results and benefits over features
Don't
Use overly flowery language or too many details
Be pushy or aggressive
Communicate with energy and a lively approach. Engage them by communicating clearly and vividly.
Do
Use inspiring language and be enthusiastic
Show them how the product can enhance their social status or reputation
Don't
Be too technical or confusing
Focus solely on features without considering how it can improve their life
Communicate in a friendly, casual manner and highlight the benefits of the product. Avoid criticism or confrontation.
Do
Use a light-hearted approach to build rapport
Highlight how the product can benefit their life or work
Don't
Be overly critical or confrontational
Use overly technical or confusing language
Interact with them in a friendly, agreeable manner with a light-hearted approach. Avoid criticism and confrontation.
Do
Wrap your pitch with positivity and emotional language
Include personalized, warm greetings and sincere sign off
Don't
Use forceful or high-pressure language
Talk too much about past experience without explaining the important insights
Focus on building a personal relationship and finding common ground. Speak positively and offer reassurance about the product.
Do
Engage them in conversation and find out their interests and concerns
Offer personalized recommendations and highlight how the product can meet their needs
Don't
Push too hard or use aggressive sales tactics
Dismiss or minimize their concerns or objections
Provide detailed information and use a friendly, personal tone
Do
Explain how your product can meet their specific needs
Use stories or examples that they can relate to
Don't
Use technical language or jargon
Push for a quick decision without building rapport first
Provide a warm, friendly greeting and use positive, upbeat language. Focus on building a relationship and show acceptance for who they are.
Do
Use friendly, expressive language
Refer to common interests and associations
Don't
Use a serious, businesslike tone
Bring up your flaws before they do
Focus on building a relationship and connecting with them on a personal level.
Do
Use a warm, friendly tone
Ask about their interests and hobbies
Don't
Use overly technical language
Pressure them into making a decision
Be friendly and focus on building a relationship with them. Use a light-hearted approach and avoid criticism or confrontation.
Do
Focus on building a friendly relationship
Validate their opinions and approach with positive language
Don't
Use forceful or high-pressure language
Force an aggressive sales pitch
Use a straightforward and logical approach when communicating with them
Do
Provide data and logical reasoning to support your claims
Use clear and concise language
Don't
Use overly expressive or emotional language
Use lots of anecdotes or storytelling
Use a serious, businesslike tone and focus on details, data, and results.
Do
Focus on their toughest problems.
Send additional data to support your pitch
Don't
Bring up your flaws before they do
Be unrealistically optimistic
Focus on providing logical reasoning and factual information. Be patient and answer their questions with clear and concise responses.
Do
Provide data-driven reasons for your product
Answer their questions with a well-thought-out response
Don't
Use overly expressive language
Speak in an overly casual manner
Focus on concrete data, specifics, and logistics. Avoid fluffy language and hype.
Do
Provide clear data and statistics to support the product
Present a clear, logical argument for why the product is worth investing in
Don't
Spend too much time on abstract concepts or big ideas
Get sidetracked with small details or anecdotes
When communicating with them, focus on being clear, concise, and results-oriented.
Do
Provide clear and concise information about the product and its benefits
Focus on results and practical details
Don't
Use overly descriptive or flowery language
Waste time on social chatter or small talk
Executive priorities
  • Prioritize enhancing customer experience through innovative solutions.
  • Focus on optimizing operational efficiency and supply chain management.
  • Implement strategic initiatives to drive revenue growth and market expansion.
  • Emphasize a culture of diversity, equity, and inclusion within the organization.
Media
AfroTech

How Marvin Ellison, One Of The World's Wealthiest Black CEOs, Saw His Stock Market Value Increase By $3.4M In Less Than A Month

Marvin Ellison, one of the world’s wealthiest Black CEOs, celebrates a multi-million-dollar increase in his stock market value in less than a month.

DIY International

Marvin Ellison to be new boss of Lowe's

Marvin R. Ellison is set to become the new head of Lowe's, the world's second-largest home improvement chain.

Barron's

Lowe’s CEO Marvin Ellison Bought More of the Retailer’s Beaten-Down Stock

Marvin R. Ellison, President and CEO of Lowe’s, recently purchased shares of the home-improvement chain amid a downturn in the market.

Personality traits
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Risk-Tolerant
Risk-Averse
Trusting
Skeptical
Optimistic
Pragmatic
Deliberate
Fast-Paced
Matter-Of-Fact
Expressive
Autonomous
Collaborative
Supporting
Dominant
Build rapport
  • Speak with confident language
  • Be concise and to the point
  • Ask a bold question early
  • Ask what they want from the call
Gather information
  • Learn about their team's current efficiency
  • Get through the most important questions up front
  • Ask them urgent questions right off the bat
  • Learn what their competition is doing
Discuss budget
  • Compare your pricing with competitors
  • Allow some room for them to negotiate
  • Give them the bottom-line pricing without going into details
  • Explain how they can save more money in the future
Drive action
  • Explain how taking action will help them make progress
  • Focus on the advantages they will gain
  • Push for a quick decision
  • Point out the challenges they will face
Negotiate
  • Challenge both parties to come up with a better solution
  • End the discussion and revisit it later if they are being too firm
  • Use assertive, confident language
  • Articulate your personal and mutual goals clearly
Work together
  • Resist the temptation to apologize
  • Give them a deadline for answering
  • Make clear what you need from them
  • Ask them outright

Lowe's

Lowe's provides tools, appliances, building supplies, and more. Offering Pro deals, credit options, and 2,200+ stores, serving 20 million customers weekly. Headquartered in Mooresville, N.C., Lowe's actively supports community programs.
Industry:
Specialty Retailers: Other
Headquarters:
Mooresville, North Carolina, United States
Revenue:
$97.05B
Employees:
244,500

How to negotiate

Keep the discussion casual, but be prepared for candid pushback, at times.
Keep your demo concise and to the point
Keep your demo concise and to the point
Keep your demo concise and to the point
Company Milestones
  • 1921: Lowe's founded.
  • 1954: 1st store in NC.
  • 1982: Goes public.
  • 2006: "My Lowe's" launch.
  • 2021: 100 years empowering DIYers & pros.

Demo your product

Notice how he uses your product and let him have fun trial-and-erroring on his own.
Keep your demo concise and to the point
Keep your demo concise and to the point
Top Products
  • Tools: A wide range of hand and power tools for various projects.
  • Appliances: Refrigerators, washers, dryers, and more for home needs.
  • Building supplies: Lumber, hardware, and materials for construction.
  • Home décor: Lighting, paint, and furnishings to enhance living spaces.
  • Garden supplies: Plants, outdoor furniture, and gardening tools for outdoor projects.
Key Executives
Company Stock Performance
Key News
CNBC

Lowe’s is looking to hire 53,000 people this spring

Lowe’s plans to hire at least 53,000 workers ahead of the busy spring season.

Jan, 2020

Forbes

Lowe’s ‘Winning Together’ Profit Sharing Speeds Digital Transformation

Despite soaring technology investments, many companies struggle to deliver and sustain strategically-relevant improvements.

Sep, 2021

The Washington Post

Lowe’s becomes latest employer to give workers inflation bonuses

Lowe’s is providing inflation bonuses to its workers, offering temporary relief and doubling as a retention bonus in a tight labor market amidst high housing and food prices.

Aug, 2022

Reuters

Lowe's cuts annual forecasts as home improvement demand falters

Lowe's has revised its annual sales forecast downward as demand in the home improvement sector weakens. Shares initially fell in premarket trading but recovered, gaining 2% in morning trading.

May, 2023

Competitive Landscape
Annual Revenue:
$97.05B
  • Lowe's operates over 1,700 stores across the US & Canada.
  • Revenue for 2023 was $97.05B, a 0.84% increase from 2022.
  • Lowe's offering same-day fulfillment services on hundreds of items.
Annual Revenue:
$132.10B
  • The Home Depot operates over 2,300 locations across North America.
  • Annual revenue for 2023 was $157.403B, a 4.13% increase from 2022.
  • One-stop solution for all home renovation and maintenance needs.
Annual Revenue:
$638.78B
  • Walmart operates over 10,500 locations across the globe.
  • Revenue in 2023 was $611B, over 6.34% revenue growth year-over-year
  • Comprehensive offerings for all consumer needs.
Annual Revenue:
$9.10B
  • Ace Hardware operates over 5,000 stores across the world.
  • Generated $9.10B in revenue in 2023, marking a 0.4% decrease year-over-year.
  • Ace Hardware offering local convenience with global quality.

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