Lowe's Companies, Inc. announced its board of directors has elected Marvin R. Ellison, president, chief executive officer and current director of Lowe's, to the additional role of chairman of the board, effective immediately. Ellison succeeds Richard W. Dreiling, who has shifted from the role of chairman to lead independent director. Ellison joined Lowe's in July 2018 as president, chief executive officer and director, and has over 35 years of industry experience. Before joining Lowe's, Ellison served as chairman and CEO of J.C. Penney Co.