Lowe's hires GE exec to lead LBM divisions
Lowe’s hired Michael P. McDermott in the newly created position of senior VP and general merchandising manager - building and maintenance. McDermott will be responsible for the Lumber & Building Materials, Millwork, Hardware & Tools and Rough Plumbing & Electrical divisions. He will report to Chief Merchandising Officer Michael A. Jones.
McDermott joins Lowe’s from General Electric, where he served most recently as sales leader-appliances and was also a member of the company’s corporate commercial council. He brings more than 20 years of experience in product leadership, merchandising, marketing and commercial sales.
“Mike’s experience leading merchandising for GE’s multi-billion dollar appliance business as well as organizations that sell into the building and maintenance space, will bring added value to Lowe’s merchandising team,” explained Jones. “He understands the importance of brand management, strong relationships with vendor-partners and how to lead teams—skills which will help Lowe’s continue to improve product assortment to better serve do-it-yourself and pro customers alike.”
In his new role, McDermott will work with Troy J. Dally, senior VP and general merchandising manager- seasonal and Clint T. Davis, senior VP and general merchandising manager-home décor. McDermott earned a bachelor’s degree in communications from The College of New Jersey and a master’s degree in political science from Villanova University.