Mr. Alvarez has been an Operating Partner of Advent International Corporation, a global private equity firm, since 2017. He retired as the Chairman of Skylark Co., Ltd., a leading restaurant operator in Japan, in 2018 after serving in that role since 2013.

Mr. Alvarez served as President and Chief Operating Officer of McDonald's Corporation, a leading global foodservice retailer, from 2006 until his retirement in 2009. Mr. Alvarez joined McDonald's in 1994 and held a variety of leadership positions during his tenure with the company, including President of McDonald's North America and President of McDonald's USA. Prior to joining McDonald's, he held leadership positions at Wendy's International, Inc. and Burger King Corporation.

Mr. Alvarez served on the board of Dunkin' Brands Group, Inc. from 2012 to 2020.

Specific Experience, Qualifications, Attributes and Skills Relevant to Lowe’s

Mr. Alvarez brings to the Lowe’s Board more than 40 years of experience in the retail industry as well as extensive executive leadership experience in managing some of the world’s best known brands. As a senior executive of the leading global foodservice retailer and other global restaurant businesses, Mr. Alvarez developed in-depth knowledge of consumer marketing, brand management and strategic planning. Mr. Alvarez also brings extensive corporate governance experience through his service as a director on other public and private company boards. Additionally, Mr. Alvarez is an experienced people leader and provides valuable perspectives on talent development topics.