Lowe's hires Joe McFarland as EVP Stores

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Lowe's hires Joe McFarland as EVP Stores

By HBSDealer Staff - 07/23/2018
Last week, Mooresville, N.C.-based Lowe’s said it was searching for an executive to lead a newly created position -- executive VP of stores -- that would be a key role in a significantly restructured management team. On Friday the company said it found him: Joe McFarland III.

McFarland becomes the second former high-ranking Home Depot executive to bring his talents to Mooresville this summer. The first, of course, is Lowe’s CEO Marvin Ellison. McFarland’s hiring, which takes effect Aug. 15,  marks the third time for McFarland and Ellison to join forces – first Home Depot, next J.C. Penney, and now Lowe’s.

“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.”

In his new 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. He will report to Ellison.

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 most recently served as EVP and chief customer officer at JCPenney, where he oversaw the company’s stores, operations and merchandise strategies.

“I have long admired Lowe’s and the dedicated associates who serve customers in a competitive omni-channel environment,” McFarland said. “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.”

Prior to the McFarland announcement, Lowe’s named Bill Boltz to its newly created position of EVP of merchandising. The company continues its searches for an EVP of supply chain (filled on interim basis by Mike West); and CFO, a position from which Marshall Croon plans to retire Oct. 5.

Also about McFarland: he was the 2015 recipient of the City of Hope "Spirit of Life" Award. In that role, he helped lead a million-dollar fundraising effort for the California-based cancer treatment and disease research center. McFarland is a Gulf War and Desert Storm veteran, having served six years in the United States Marine Corps.