Lowe's(US:LOW) Prnewswire·2024-01-12 21:30Core Insights - Lowe's Companies, Inc. has appointed Margi Vagell as the new executive vice president of supply chain, effective March 1, 2024, succeeding Don Frieson who is set to retire on April 1, 2024 [1][2] Group 1: Leadership Transition - Margi Vagell brings nearly 20 years of experience to her new role, having held various senior leadership positions at Lowe's since joining in 2009, including senior vice president and general merchandising manager [1][2] - Don Frieson has been a key figure in transforming Lowe's supply chain since 2018, overseeing significant investments in logistics and delivery systems, and has positioned the supply chain for continued growth [3] Group 2: Company Overview - Lowe's is a FORTUNE® 50 home improvement company, serving approximately 17 million customer transactions weekly in the U.S., with total fiscal year 2022 sales exceeding $97 billion [4] - The company operates over 1,700 home improvement stores in the U.S. and employs around 300,000 associates, focusing on community support through affordable housing initiatives and skilled trade development [4]