Grocery retailer Woolworths Ltd
(ASX:WOW) has announced its leadership team for home improvement joint venture with U.S. home improvement company Lowe’s.
Don Stallings, formerly President of Lowe’s Canada has been appointed CEO of the joint venture, with Melinda Smith from Woolworths appointed to the role of chief operating officer.
Mr Stallings has over 25 years experience in the hardware sector including 14 years with Lowe’s in the U.S. and more recently Canada.
Ms Smith has been with Woolworths for 22 years in a number of buying, operations and supply chain roles.
Woolworths has also made a takeover offer for one of Australia’s largest hardware retailers Danks Holdings. Woolworths 2009 net profit was $1.8 billion.
