Lowe’s names Brandon Sink CFO
Lowe’s Companies, Inc. announced the appointment of Brandon Sink as executive vice president, chief financial officer, effective April 30, 2022.
Sink, currently senior vice president, retail finance of Lowe’s, will succeed Dave Denton, who is stepping down as CFO and executive vice president, and will join Pfizer, which has appointed Denton to succeed Frank D’Amelio as CFO and executive vice president, effective May 2, 2022.
“Brandon is a highly accomplished executive, and we are excited for him to take on the role of CFO,” said Marvin R. Ellison, Lowe’s chairman, president and CEO. “During his nearly 12-year career at Lowe’s, Brandon has worked closely with our executive leadership team and has demonstrated a deep understanding across all facets of our business.”
“His appointment reflects our succession planning process and the talent across our company. He is a proven leader with strong financial and operational acumen, and I look forward to working together as we execute our strategy and continue to grow our market share, expand operating margins and deliver meaningful shareholder value,” said Ellison.
Sink is a seasoned executive with more than 20 years of finance and accounting experience. He joined Lowe’s in 2010 and has held a variety of roles across the organization, including in finance, strategy and accounting. In his current role, Sink has been responsible for finance support for stores, merchandising, supply chain, digital and marketing.
“I am honored to be stepping into the role of CFO as we continue to focus on our growth and leadership in the home improvement space,” said Sink. “Lowe’s has an exciting future ahead. I look forward to maintaining our disciplined approach to capital allocation, centered around our three priorities: investing in our core business on high-return projects, supporting our 35% dividend payout target and returning excess capital to our shareholders through value-enhancing share repurchases.”
Before joining Lowe’s, he held accounting and finance positions with Deloitte and Nucor Corporation. Sink is a certified public accountant and earned a bachelor’s degree in business administration and a master’s degree in accounting from the University of North Carolina at Chapel Hill.
Denton will work closely with Sink and the Lowe’s leadership team to ensure a seamless transition, said the company.
Ellison continued, “Dave has played a significant role at Lowe’s, and we are greatly appreciative of his guidance and contributions. Over the last three years, Dave has helped Lowe’s establish a world-class finance team while successfully navigating some of the most pivotal moments in our history, including managing through the pandemic. On behalf of everyone at Lowe’s, we thank him for his service to the company and wish him all the best.”
Based in Mooresville, N.C., Lowe’s Companies, Inc. is a home improvement company serving approximately 19 million customer transactions a week in the U.S. and Canada. With fiscal year 2021 sales of over $96 billion, Lowe’s and its related businesses operate or service nearly 2,200 home improvement and hardware stores and employ over 300,000 associates.
