Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022. Sink, currently SVP of Retail Finance at the retailer, will replace Dave Denton, who is departing to pursue another opportunity. Sink will work closely with Denton during the transition phase.
“Brandon is a highly accomplished executive, and we are excited for him to take on the role of CFO,” said Marvin Ellison, Chairman, President and CEO of Lowe’s in a statement. “His appointment reflects our succession planning process and the talent across our company. He is a proven leader with strong financial and operational acumen, and I look forward to working together as we execute our strategy and continue to grow our market share, expand operating margins and deliver meaningful shareholder value.”
Sink has more than 20 years of finance and accounting experience, including 12 years at Lowe’s in roles across finance, strategy and accounting. As Lowe’s SVP of Retail Finance, Sink was responsible for managing store financial support, merchandising, supply chain, digital and marketing. Prior to his time with Lowe’s, Sink worked at Deloitte and Nucor Corporation.
“Lowe’s has an exciting future ahead,” said Sink in a statement. “I look forward to maintaining our disciplined approach to capital allocation, centered on our three priorities: investing in our core business on high-return projects, supporting our 35% dividend payout target and returning excess capital to our shareholders through value-enhancing share repurchases. I also am excited about continuing to work alongside our talented team to build on the momentum in the business.”
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The appointment was made as Lowe’s continues to grow its omnichannel strategy through blending in-store and digital experiences for its customers.
