Lowe's Announces Executive Promotions
Kasberger Announces Plans to Retire
MOORESVILLE, N.C.--(BUSINESS WIRE)--
Lowe's Companies, Inc. (NYSE: LOW) announced today the retirement of
long-time merchandising executive John L. Kasberger, effective Jan. 31,
2010, and two promotions in its store operations and marketing areas.
"John played a key role in our success over the years, and we wish him
well in retirement," said Larry D. Stone, Lowe's president and chief
operating officer. "John made many contributions in merchandising, and
he will be long remembered for leading our efforts to become the
dominant appliance retailer nationally."
Kasberger, senior vice president (SVP)/general merchandise manager (GMM)
- kitchen and bath, joined Lowe's in 1991 and has enjoyed a 39-year
career in retail and home improvement. Clinton T. "Clint" Davis,
currently SVP/GMM - hardlines, will assume responsibility for kitchen
and bath.
Brent G. Kirby has been promoted to SVP of operations-North Central
Division. Kirby joined Lowe's in 1986 and has worked since 2005 as vice
president (VP) of installed and special order sales. A 25-year retail
veteran, Kirby returns to store operations, where he spent much of his
career, starting in the stores and serving as store manager, district
manager and regional vice president of operations, based in Atlanta.
Kirby holds a bachelor's degree from Covenant College and an M.B.A. from
the University of Phoenix. He replaces Rick D. Damron, who will become
SVP - logistics and distribution. Eric D. Sowder, the current
SVP-logistics and distribution, moves to merchandising where he will
serve as SVP/GMM.
Thomas J. "Tom" Lamb has been promoted to SVP of marketing and
advertising. Lamb joined Lowe's in 1999 and served as VP of marketing,
with responsibility for product, customer relationship, multicultural,
credit, event and sports marketing. He joined the company as director of
database marketing and has nearly 20 years of experience in marketing,
advertising and strategy. He earned a bachelor's degree in economics as
well as an M.B.A. from the University of Minnesota. Lamb replaces Robert
J. "Bob" Gfeller, who will transfer to merchandising as SVP/GMM -
hardlines.
"Brent and Tom have both excelled in their current roles and are ready
to assume greater responsibility for the company," said Stone. "Their
expertise and dedication will offer a fresh perspective as they take on
new responsibilities and further strengthen our leadership bench."
With fiscal year 2008 sales of $48.2 billion, Lowe's Companies, Inc. is
a FORTUNE(R) 50 company that serves approximately 14 million customers a
week at more than 1,675 home improvement stores in the United States and
Canada. Founded in 1946 and based in Mooresville, N.C., Lowe's is the
second-largest home improvement retailer in the world. For more
information, visit Lowes.com.
Source: Lowe's Companies, Inc.