Marvin R. Ellison
Chairman, President and Chief Executive Officer
Executive
7 yr
5 reports
Lowe's Companies, Inc. ·LOW
Single-segment retailer with all P&L control at the CEO
Retailing · Fortune #78 · Functional structure · 285K employees · Mooresville, NC
View as of:
6
CEO span
↓ tighter than peers (avg 9)
1
Avg span
tight
2
Max depth
flat for 285K emp
5 yr
Avg tenure
stable vs FY2024
50%
Internal hires
near industry avg
Consolidated financials FY2025 · period end 2026-01-30 · 10-K
Revenue
$86.3B
Operating income
$10.2B
Net income
$6.7B
Total assets
$54.1B
Shares out
560M
Sourced from Lowe's Companies, Inc. DEF 14A · filed 2026-04-16 ↗ View on SEC
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Lowe's Companies, Inc. organizational chart
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Lowe’s operates as a single-segment retailer with all P&L authority centralized at the CEO. This page maps the executive team, functional structure, compensation, and recent leadership changes, and compares Lowe’s unusually concentrated governance model with retail peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Retail Home Improvement segment changed role as Operating structure
Continued operation as a single reportable segment reaffirmed in FY2025 filings (Jan 30, 2026).
Source · See change logScenario views in the chart
- Add a Chief Operating Officer Introduce a COO to assume day-to-day operational oversight and reduce the CEO’s span of control.
- Create separate Pro and DIY segments Reorganize into distinct operating segments with dedicated presidents for Pro and DIY businesses.
Atlas work this supports
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
6 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Brandon J. Sink
Executive Vice President, Chief Financial Officer
Finance
5 yr
0 reports
internal
Joseph M. McFarland III
Executive Vice President, Stores
Store Operations
4 yr
0 reports
internal
William P. Boltz
Executive Vice President, Merchandising
Merchandising
6 yr
0 reports
Seemantini Godbole
Executive Vice President, Chief Digital and Information Officer
Technology
4 yr
0 reports
Juliette W. Pryor
Executive Vice President, Chief Legal Officer and Corporate Secretary
Legal
6 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
Marvin R. Ellison $21.6M
- Base salary
- $1.54M
- Stock awards
- $12.48M
- Option awards
- $4.26M
- Non-equity incentive
- $3.23M
- Other
- $62K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
5×Director cash retainer
Non-employee directors must hold stock equal to five times the annual cash retainer.
The businesses
How Lowe's Companies, Inc. divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Store Operations
240K employees
EVP, Stores (Joseph M. McFarland III)
Operates and staffs Lowe’s U.S. retail store footprint and in-store services.
Merchandising
15K employees
EVP, Merchandising (William P. Boltz)
Manages product assortment, vendor relationships, pricing, and category strategy.
Technology & Digital
8K employees
EVP, Chief Digital and Information Officer (Seemantini Godbole)
Leads enterprise IT, e-commerce platforms, data, and digital transformation.
The thesis
Why this org is unusual
All operating and functional authority at Lowe’s ultimately concentrates at the CEO, who is also the sole chief operating decision maker under SEC segment reporting.
The company reports a single operating segment, Retail Home Improvement, meaning there are no divisional CEOs or segment presidents with independent P&L authority.
This functional model places unusually broad scope on the EVP roles for Stores, Merchandising, Digital, and Finance, all of which report directly to Marvin Ellison. Unlike some large retailers, Lowe’s has no disclosed COO role, reinforcing Ellison’s direct control over store operations and execution.
- Single reportable operating segment
- No disclosed COO role
- CEO is sole CODM
The comparison
How Lowe's Companies, Inc. stacks up
Compared with Home Depot, which also operates largely as a single segment, Lowe’s is similarly CEO-centric but has a slightly smaller disclosed C-suite. Target and Walmart both operate multi-segment or multi-banner structures with additional layers of divisional leadership. Costco remains flat like Lowe’s but with …
C-suite size
Reporting depth
Avg C-suite tenure
Has COO / Has CAIO
Lowe's Companies, Inc. — no COO — no CAIO
Current signals
What changed recently
The most consequential feature remains Lowe’s continued operation as a single-segment company with all operating authority concentrated at the CEO.
- Date not confirmed reorgRetail Home Improvement segment Operating structure
Continued operation as a single reportable segment reaffirmed in FY2025 filings (Jan 30, 2026).
Source - Date not confirmed newSeemantini Godbole EVP, Chief Digital and Information Officer
Leadership of digital and IT consolidated under CDIO role (since 2022, reaffirmed FY2025).
Source
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-04-16
- CEO
- Marvin R. Ellison
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 5 yr
Lowe’s continued to report a single operating segment with the CEO as sole CODM.
Named executive officers (5)
- Marvin R. Ellison - CEO since 2018
- Brandon J. Sink - CFO since 2021
- Joseph M. McFarland III - EVP, Stores since 2022
- William P. Boltz - EVP, Merchandising since 2020
- Seemantini Godbole - EVP, CDIO since 2022
FY2024
DEF 14A filed 2025-04-17
- CEO
- Marvin R. Ellison
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 4.5 yr
Executive team composition remained stable year over year.
FY2023
10-K filed 2024-03-25
- CEO
- Marvin R. Ellison
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 4 yr
No segment-level presidents; all functions reported centrally.
Year-over-year changes
Leadership structure and CEO span remained unchanged, reinforcing a stable, centralized model.
- CEO span: 5 → 5
- C-suite size: 5 → 5
- Avg tenure: 4.5 → 5 yr
Frequently Asked Questions
Who is the CEO of Lowe's Companies?
Marvin R. Ellison has served as Chairman, President and CEO since 2018.
What type of organizational structure does Lowe's Companies use?
Lowe’s uses a functional structure and reports as a single operating segment.
How many direct reports does Lowe's Companies's CEO have?
The CEO has six disclosed executive vice presidents reporting directly to him.
How has Lowe's Companies's leadership changed recently?
Recent filings reaffirmed Lowe’s single-segment structure and centralized operating authority at the CEO.
Does Lowe's Companies have a COO?
No, Lowe’s does not disclose a Chief Operating Officer role; store operations report directly to the CEO.
Sources
- Form 10-K, filed Mar 23, 2026
- DEF 14A, Apr 16, 2026
- SEC EDGAR: Lowe's Companies, Inc. DEF 14A Proxy Statement
- SEC EDGAR: Lowe's Companies, Inc. 10-K Annual Report
Reference
Cite this page
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APA 7th
Creately. (2026). Lowe's Companies, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/lowes/MLA 9th
"Lowe's Companies, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/lowes/. Accessed .Chicago 17
Creately. "Lowe's Companies, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/lowes/.Original SEC source View on SEC ↗
Lowe's Companies, Inc.. DEF 14A. Filed 2026-04-16. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/60667/000006066726000056/low-20260415.htmPermanent URL: https://creately.com/org-chart/fortune-500/lowes/ · last updated 2026-04-01