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MOORESVILLE, N.C. — CEOMarvin Ellisongot a $17.9 million compensation package from Lowe’s Cos. Inc. last year.
That’s down about 23% from his 2020 package — but still his second-highest total and more than his predecessor, Robert Niblock, ever made.
Mooresville-based Lowe’s reported net income totaling $8.4 billion in fiscal 2021, up from $5.8 billion in fiscal 2020. Sales increased to nearly $96.3 billion from $89.6 billion a year prior.
Ellison’s 2021 base salary was $1.45 million, exactly what it has been for every full year since hebecame the CEO of Lowe’sin the summer of 2018, but other compensation varied.
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(WATCH BELOW: Lowes has new CEO)
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Lowes has new CEO Marvin Ellison
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