Only a week after Marvin Ellison officially took the helm as its new CEO, Lowe\u2019s announced a huge c-suite shakeup, which saw the elimination of the COO, Corporate Administration Executive and Chief Customer Officer positions in favor of newly created positions and new personnel.<\/p>\n
If you\u2019re scoring at home, here we go. First the swaps:<\/p>\n
COO <\/strong>Richard Maltsbarger left the company as of the announcement on Monday. The search is on for candidates to fill the newly created position of Exec VP of Stores<\/strong>.<\/p>\n Chief Customer Officer <\/strong>Michael P. McDermott is out (as of November 6). Bill Boltz joins Lowe\u2019s as Exec VP of Merchandising<\/strong> on August 15. Boltz has been CEO of power tool manufacturer Chervon.<\/p>\n And a newly created position:<\/p>\n Exec VP of Supply Chain<\/strong> will be filled by Senior VP of Supply Chain Operations Mike West until a permanent holder of the position is named.<\/p>\n A change in title:<\/p>\n Corporate Administrative Executive <\/strong>N. Brian Peace becomes Senior VP of Administration<\/strong> before he takes on an as-yet-to-be-named role in the fall.<\/p>\n And finally the previously announced:<\/p>\n CFO<\/strong> Marshall A. Croom will retire effective October 5, and a search is on for his replacement.<\/p>\n With more than 3,900<\/strong> companies and 15,500<\/strong> buyers and decision makers, Chain Store Guide\u2019s Home Center Operators & Hardware Chains Database<\/a> is updated on a daily basis to ensure our customers always have accurate, actionable leads at their fingertips.<\/p>\n","protected":false},"excerpt":{"rendered":" Only a week after Marvin Ellison officially took the helm as its new CEO, Lowe\u2019s announced a huge c-suite shakeup, which saw the elimination of the COO, Corporate Administration Executive and Chief Customer Officer positions in favor of newly created positions and new personnel. If you\u2019re scoring at home, here we go. First the swaps:… Continue reading Lowe\u2019s CEO: There\u2019s a New Sheriff in Town<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[5],"class_list":["post-10747","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-insight","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/10747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=10747"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/10747\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=10747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=10747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=10747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}