MOORESVILLE, N.C. — Lowe’s Cos. Inc. will soon have a second top executive with experience from both Home Depot and J.C. Penney.
Beginning Aug. 15, Joseph McFarland III will serve as the Mooresville-based home-improvement retailer’s executive vice president of stores. He will also be in charge of its north, south and west divisions, along with Orchard Supply Hardware and other functions. He will report directly to Marvin Ellison, Lowe’s new CEO.
McFarland comes directly from J.C. Penney, where he was executive vice president and chief customer officer. But he spent more than two decades at The Home Depot.
“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,” Ellison says.
Ellison also came through Home Depot and J.C. Penney before being named Lowe’s CEO earlier this month.
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