MOORESVILLE, N.C., July 20, 2018 /PRNewswire/ -- Lowe's
Companies, Inc. (NYSE: LOW) today announced that Joseph M. McFarland III has been named executive
vice president, stores, effective Aug.
15. In this role, McFarland will oversee the north, south
and west divisions, Orchard Supply Hardware, pro and services
businesses, operations engineering, and asset protection for the
organization. McFarland will report to Marvin R. Ellison, president and CEO.
McFarland brings to Lowe's more than 25 years of retail
operations experience and more than two decades of home improvement
experience at The Home Depot. He has a proven track record of
driving operational execution, effective customer engagement
strategies and implementing omni-channel initiatives. He most
recently served as EVP and chief customer officer at JCPenney,
where he oversaw the company's stores, operations and merchandise
strategies.
"Joe is a strategic, results-oriented retail executive who
excels at achieving operational excellence, financial management
and brand positioning to deliver top and bottom line results," said
Ellison. "Importantly, he is an exceptional leader with a proven
record of driving sales and implementing omni-channel initiatives
on a large scale. We are excited for Joe to join the Lowe's team
and look forward to benefiting from his valuable experience and
leadership."
Prior to JCPenney, McFarland spent 22 years at The Home Depot,
where he served as president of the northern and western divisions
from 2007 to 2015. In these roles, McFarland led the largest sales
volume division in the company, producing $36 billion in annual revenue and record profits.
Prior to that, McFarland served as regional vice president, NY
metro region, from 2005 to 2007, where he managed all
aspects of store operations and merchandising and led the region to
two consecutive years as the top performing region in the
company.
"I have long admired Lowe's and the dedicated associates who
serve customers in a competitive omni-channel environment. I look
forward to working closely with Marvin and Lowe's outstanding
associates as we optimize store operations, further the company's
omni-channel strategy and drive enhanced customer experiences,"
said McFarland.
McFarland is a Gulf War and Desert Storm veteran, having served
six years in the United States
Marine Corps.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a
FORTUNE® 50 home improvement company serving more than 18 million
customers a week in the United
States, Canada and
Mexico. With fiscal year 2017
sales of $68.6 billion, Lowe's and
its related businesses operate or service more than 2,390 home
improvement and hardware stores and employ over 310,000 people.
Founded in 1946 and based in Mooresville,
N.C., Lowe's supports the communities it serves through
programs that focus on K-12 public education and community
improvement projects. For more information, visit Lowes.com.
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SOURCE Lowe's Companies, Inc.