MOORESVILLE, N.C., Jan. 12,
2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE:
LOW) announced the appointment of Margi Vagell as executive
vice president, supply chain, effective March 1, 2024.
Vagell succeeds Don Frieson, who
has served as executive vice president, supply chain since 2018,
and advised the company last year of his intention to retire on
April 1, 2024.
Vagell brings nearly 20 years of experience to the role. She has
held numerous senior leadership positions since joining Lowe's in
2009, and has served as a senior vice president, general
merchandising manager for over half of the company's merchandising
departments since 2019. Vagell earned a bachelor's degree from the
University of Oklahoma and completed
the executive development program at Northwestern University's Kellogg School of
Management. She is vice chair of the Lowe's Foundation and serves
on the boards of trustees for Queens
University in Charlotte and
Culver Academies in Culver,
Indiana.
"Margi has extensive home improvement experience and, as a
general merchandising manager, has partnered closely with our
supply chain teams to develop our market delivery network, outline
our omnichannel capabilities and ensure products are available at
the right times in the right places for our customers," said
Marvin Ellison, Lowe's chairman and
CEO. "Margi is inheriting a very tenured supply chain team with
deep subject matter expertise, and she will bring an enhanced
strategic acumen and inventory management expertise to our supply
chain function."
"I'm honored and excited for this opportunity to build on my
relationships with our talented supply chain team, and to continue
the momentum Don has fostered to expand and transform this
organization," said Vagell.
Ellison continued, "Don Frieson
has been an integral part of my leadership team since I joined
Lowe's. He engineered the transformation of our supply chain,
championing the significant investments we've made to modernize and
maximize our logistics, transportation and delivery systems. He
drove the strategic build-out of our market delivery network,
revamped our Command Center for quicker and more effective disaster
response, and successfully navigated the global supply chain crisis
during the pandemic. Don leaves our supply chain organization
well-positioned for continued growth and success, and on behalf of
everyone at Lowe's, we sincerely thank him for his service to the
company and wish him the best in his well-deserved retirement."
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a
FORTUNE® 50 home improvement company serving approximately 17
million customer transactions a week in the United States. With total fiscal year 2022
sales of over $97 billion, approximately $92
billion of sales were generated in the United States, where Lowe's operates over
1,700 home improvement stores and employs approximately 300,000
associates. Based in Mooresville, N.C., Lowe's supports the
communities it serves through programs focused on creating safe,
affordable housing and helping to develop the next generation of
skilled trade experts. For more information, visit Lowes.com.
Media Contact
Steve
Salazar
Lowe's Companies, Inc.
steve.j.salazar@lowes.com
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SOURCE Lowe's Companies, Inc.