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Marvin Ellison gets $4M signing bonus to be J.C. Penney’s next CEO

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Marvin R. Ellison’s Executive Bio


Current
Dir. and Chief Executive Officer, J. C. Penney Company, Inc.
Board Member, FedEx Corporation
Past
To view Marvin R. Ellison’s complete executive bio,
Age
50

Marvin R. Ellison’s Annual Salary, Stock and Options


Salary and Bonus
Stock Awards
Option Awards
$4,669,543
$15,000,002
$87,435

Marvin R. Ellison’s Insider Transactions


Last 3 years
Option Exercised
Stock Sold
New Equity Grants
$17,771,686
$35,045,490
$21,690,040
Next 3 years
Upcoming Wealth
Develop prospecting strategies based on upcoming wealth events.

Marvin R. Ellison’s Net Worth


Equity Holdings
To view Marvin R. Ellison’s total equity holdings,

Marvin R. Ellison’s Recent Events


Base salary $1,400,000 (J. C. Penney Company, Inc.)
08/01/2015
Title change to Chief Executive Officer at J. C. Penney Company, Inc.
08/01/2015
New bonus target (J. C. Penney Company, Inc.)
08/01/2015
Re-elected to the Board of Directors (J. C. Penney Company, Inc.)
05/15/2015
New grant $3,920,448 (J. C. Penney Company, Inc.)
03/19/2015
Equity vested $56,797 (FedEx Corporation)
03/10/2015

Mr. Ellison said, “I am honored by this appointment and excited about the opportunity to help lead the continued resurgence of JCPenney. This Company has been an important part of the American retail landscape for over one hundred years. Today, it is moving in the right direction and there is an extraordinary passion to win at every level of the organization. As President and, ultimately, CEO, I will be focused on positioning the Company to compete in a rapidly changing retail environment for the benefit of our customers, shareholders, suppliers and associates. I am confident that we have the customer proposition, the brand, and the talent to make JCPenney successful over the long term.”

About Marvin Ellison
Marvin Ellison, 49, has nearly 30 years of experience in the retail industry. He has spent the last 12 years at Home Depot. As executive vice president of U.S. stores since August 2008, he has been the senior-most operations leader for Home Depot’s approximately 2,000 stores. Prior to that, he was president of the Northern Division, a role in which he had responsibility for the sales and operations of more than 700 stores in 21 states and led a team of more than 150,000 associates. Previously, he was senior vice president of global logistics, with oversight of all domestic distribution, transportation, store and appliance delivery, import distribution and international logistics throughout the United States, Canada, Mexico, China and more than 35 other countries. Before joining Home Depot, Mr. Ellison spent 15 years with Target in a variety of operational roles, including Corporate Director of Asset Protection.

Mr. Ellison serves on the board of directors of FedEx. He is actively involved in philanthropic efforts including inner-city school renovations, as well as mentoring programs aimed at developing inner-city youth. He earned a business administration degree in marketing from the University of Memphis and a Master of Business Administration from Emory University.

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