Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials, expanding its professional services network.
Lowe’s Companies
Black executive Marvin Ellison-led Lowe’s to return $676 million to shareholders in Q2 dividend
Lowe’s, led by CEO Marvin Ellison, declares $676.2 million quarterly dividend, up 4.35%, underscoring its commitment to shareholder value amid market challenges.
Black executive Marvin Ellison leads Lowe’s expansion with $8.8 billion FBM purchase
The move reflects Ellison’s push to strengthen Lowe’s footprint and deliver stronger earnings.
Black executive Marvin Ellison’s stake in Lowe’s grows by $5.8 million
Lowe’s CEO Marvin Ellison adds $5.8 million to his stake as shares rise 3.67%, lifting the retailer’s market cap above $120 billion.
Black executive Marvin Ellison gains $9.2 million from Lowe’s shares
Marvin Ellison’s stake in Lowe’s rose by $9.2 million as shares rebounded 5.78% over 17 trading days.
Wealthy Black executive Marvin Ellison’s Lowe’s investment dips below $200 million
Over the last 21 days, Ellison’s shares in Lowe’s, amounting to 748,000 shares, declined by more than $12 million.
Marvin Ellison's wealth soars: Black executive's stake jumps $8.5 million
After a strong year in 2024, his stake in Lowe’s has gained over $8.5 million in value in just the past 16 days.
Marvin Ellison’s Lowe’s shares grow by $37 million, now valued at $203 million
This boost further solidifies his position among the wealthiest Black CEOs in the U.S. and top-ranking Black executives globally.
Lowe’s Chief Marvin Ellison sees stake rise above $210 million
Marvin Ellison, one of the few Black CEOs on the Fortune 500 list, owns 748,000 shares of Lowe’s.
Top Black CEO Marvin Ellison gains $1.2 million from Lowe’s shares in 15 days
This recent upswing comes on the heels of a previous downturn in Ellison’s wealth between April 1 and 19, during which his stake in Lowe’s decreased by $4.61 million.