Lowe’s appointed Brandon Sink as the company’s new executive vice president and chief financial officer, effective April 30, 2022. Sink, currently the home-improvement retailer’s senior vice president of retail finance, will succeed Dave Denton, who is stepping down to pursue another opportunity at a publicly-traded company outside the industry. According to Lowe’s, Denton will work closely with Sink and the Lowe’s leadership team to ensure a seamless transition.
“Brandon is a highly accomplished executive, and we are excited for him to take on the role of CFO,” Marvin Ellison, Lowe’s chairman, president, and CEO, said in a news release. “During his nearly 12-year career at Lowe’s, Brandon has always worked closely with our executive leadership team and has demonstrated a deep understanding across all facets of our business. 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 two decades of finance and accounting experience. The newly appointed CFO joined Lowe’s in 2010 and has held a variety of roles across the organization, including in finance, strategy, and accounting. In his current role, Sink has been responsible for finance support for stores, merchandising, supply chain, digital, and marketing. Previously, Sink held several leadership positions in the finance organization, including vice president, merchandising finance, vice president, enterprise strategy, and vice president and corporate controller.
“I am honored to be stepping into the role of CFO as we continue to focus on our growth and leadership in the home improvement space,” Sink said. “Lowe’s has an exciting future ahead. I look forward to maintaining our disciplined approach to capital allocation, centered around 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.”
