Lowe's Poaches Another J.C. Penney Executive as CEO Remakes Team

  • Appointment brings a former Home Depot executive to its rival
  • CEO Ellison was also a top executive at Home Depot until 2015

A Lowe's Cos. store.

Photographer: Scott Eells
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Marvin Ellison isn’t wasting time revamping the management team at Lowe’s Cos.

The chief executive officer, who joined the home-improvement chain less than three weeks ago on July 2, named Joe McFarland executive vice president of stores, the company said. He starts on Aug. 15.