Lowe’s Announces New Chief Merchandising Officer and New Supply Chain Executive

  Lowe’s Announces New Chief Merchandising Officer and New Supply Chain

Business Wire

MOORESVILLE, N.C. -- January 24, 2013

Lowe’s Companies, Inc. (NYSE: LOW) announced today that Michael A. Jones will
join the company as its chief merchandising officer. Jones will report to
Chief Customer Officer Gregory M. Bridgeford. Stephen J. Szilagyi has been
promoted to supply chain executive and will report to Chief Operating Officer
Rick D. Damron.

As chief merchandising officer, Jones will be responsible for the
merchandising offering for Lowe’s stores and Lowes.com as well as all global
sourcing activities. He will work closely with the leaders of customer
experience design, marketing, operations and logistics to develop and deliver
differentiating, seamless customer experiences.

Jones brings to Lowe’s more than a decade of executive leadership in sales,
service, product management and international business. He served most
recently as executive vice president and president of Husqvarna North and
Latin America.

Prior to joining Husqvarna, Jones spent 15 years with General Electric. He
started in appliance contract sales and also held positions as chief
commercial officer – Europe for GE Consumer and Industrial and general manager
of cooking products.

“Mike has extensive experience with consumer products in categories relevant
to the home improvement business, with both Husqvarna and GE including
appliances, outdoor power equipment and lighting categories,” said Bridgeford.
“His experience in leading businesses, identifying and pursuing marketing
opportunities, and discipline around value creation throughout the chain, from
supplier to consumer, make him an outstanding fit for this position.”

Jones earned a bachelor’s degree in business administration from California
Coast University in Santa Ana, Calif.

As supply chain executive, Szilagyi will be responsible for overseeing Lowe’s
state-of-the-art logistics and distribution network that expedites the
replenishment of merchandise and supplies to all Lowe’s stores.

Szilagyi has more than 25 years of supply chain experience, including
leadership roles prior to Lowe’s in wholesale distribution and retail/consumer
products supply chain consulting services.

He began his career at Lowe’s in 2001 as regional director of distribution and
was named vice president of distribution in 2002 and senior vice president in

“Steve and his team have made significant improvements in our safety, speed to
market and employee engagement,” said Damron. “His leadership with the
distribution network has resulted in streamlined, simplified and standardized
process flows and controls to improve product distribution so consumers can
find the product they need at their local store.”

Szilagyi earned a bachelor’s degree in materials and logistics management from
Michigan State University.

With fiscal year 2011 sales of $50.2 billion, Lowe’s Companies, Inc. is a
FORTUNE® 100 company that serves approximately 15 million customers a week at
more than 1,745 home improvement stores in the United States, Canada and
Mexico. 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.


Lowe’s Companies, Inc.
Julie Yenichek, 704-758-4364
Tiffany Mason, 704-758-2033
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