Lowe's Names Quonta (Que) Vance Executive Vice President, Pro and Home Services

Rhea-AI Summary

Lowe's Companies, Inc. has appointed Quonta Vance as Executive Vice President, Pro and Home Services. Vance's extensive retail experience and leadership roles make him well-suited for this position. He will focus on two key growth areas for the company.

Positive

• Quonta Vance's appointment as Executive Vice President, Pro and Home Services could positively impact Lowe's stock price. His experience in store operations, merchandising, and supply chain across Lowe's, Home Depot, and Target will bring valuable insights to the company's growth strategy. Investors may view this as a positive move that could lead to increased market share and improved customer service.

Negative

• None.

MOORESVILLE, N.C., June 19, 2023 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced the appointment of Quonta (Que) Vance as Executive Vice President, Pro and Home Services, effective immediately. He will report to Lowe's Chairman and CEO Marvin Ellison, leading this organization that focuses on two of the company's key growth areas. Vance most recently served as Lowe's Senior Vice President, Transportation and Final Mile.

Vance has more than 25 years of retail experience and leadership roles with store operations, merchandising and supply chain across Lowe's, Home Depot and Target.

He joined Lowe's in 2019 as Division President, North Division, before moving to merchandising as Senior Vice President, General Merchandising Manager, Building Products. In his most recent role, Vance had responsibility for the overall vision and strategy for Pro fulfillment, domestic and international transportation, parcel shipping, command center operations and final-mile delivery.  

"Que is a seasoned executive, and we are excited for him to take on this role," Ellison said. "His unique background as a Division President, merchandising GMM of building products and supply chain Senior Vice President, positions him well for his new assignment." 

Vance earned a bachelor's degree in English from the University of Tennessee at Chattanooga. He currently serves on the board of the YMCA of Metro Charlotte and is a member of the Executive Leadership Council.

"I'm honored to lead this new team and build a plan for the future that will continue to allow us to grow market share through our Total Home strategy and provide exceptional service for our customers," Vance said.

About Lowe's 
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 17 million customer transactions a week in the U.S. With total fiscal year 2022 sales of over $97 billion, approximately $92 billion of sales were generated in the U.S., where Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

Contact:
Steve Salazar 
Lowe's Companies, Inc. 
steve.j.salazar@lowes.com

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SOURCE Lowe's Companies, Inc.

Who is the new Executive Vice President of Lowe's?

Quonta Vance is the new Executive Vice President of Lowe's.

What will Quonta Vance's role be at Lowe's?

Quonta Vance will be leading the Pro and Home Services organization, focusing on two key growth areas for the company.

What is Quonta Vance's background?

Quonta Vance has over 25 years of retail experience and has held leadership roles in store operations, merchandising, and supply chain across Lowe's, Home Depot, and Target.

How could Quonta Vance's appointment affect Lowe's stock price?

Investors may view Quonta Vance's appointment as a positive move that could lead to increased market share and improved customer service, potentially impacting Lowe's stock price in a positive way.