Another JCPenney and Home Depot Exec Joins Lowe’s
Lowe's late Friday named yet another former JCPenney and Home Depot executive to its leadership team.
Joe McFarland III will join the hardware retailer as executive vice president of stores effective Aug. 15. In the role, McFarland will oversee the company’s North, South and West divisions, Orchard Supply Hardware, its Pro and services businesses, operations engineering and asset protection. He will report to Lowe’s president and chief executive officer Marvin Ellison, who led JCPenney for four years and served in a variety of senior-level operations roles at Home Depot over 12 years.
Like Ellison, McFarland held a high-ranking position at JCPenney (as evp and chief customer officer) and spent 22 years at Home Depot, where he served as president of the northern and western divisions from 2007 to 2015.
McFarland is the defacto replacement for former chief operating officer Richard Maltsbarger, who stepped down earlier this month amid a series of leadership changes that followed Ellison’s arrival on July 2.
“[McFarland] 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 said in a media release. “He is an exceptional leader with a proven record of driving sales and implementing omnichannel initiatives on a large scale.”