Lowe’s HR Director calls its quits
Jennifer Weber, the HR leader at Lowes has quit 'effective immediately', reportedly netting $2.5 million just months after selling off $1.4 million in shares.
Weber who had been executive vice president of human resources since 2016 - sold 12,589 shares at $112.62 per share for a total of $1.42 million in September. Lowes' stock closed Thursday at $95.31. She received a further $2.5 million following her resignation, Idaho Reporter claims.
Weber’s resignation comes at a time when Lowes workers have hit out at what they say is 'profit coming before safety' as the stores remain open.
One staff member at a store in Austin, Texas died following complications caused by COVID-19, the company confirmed Thursday. A worker shared in media, “We're tired, overworked, understaffed and forced to go along with all these lies that Lowe's is telling the public.”
The company said: 'Lowe's is devastated to learn of our associate's passing, and we will work closely with the family to ease this tragedy however we can. Our thoughts are also with our store associates, and we're providing grief counselors as well as a 14-day paid leave as needed.'
A spokesman for the company told The Charlotte Business Journal: 'Jennifer Weber has decided to leave the company, and we thank her for her leadership, enthusiasm, and dedication to Lowe's over the past four years.'
Lowe's senior vice president, talent management and diversity, Janice Little, will temporarily take over the role. The company announced it was looking to hire 30,000 additional workers amid the coronavirus outbreak.
But Lowes staff have hit out at what they say is a lack of safe working conditions in the stores. One of them shared in the media, “I had to provide my own cotton mask, and I’m wearing my work gloves and washing them out at night.”
Marvin Ellison, Lowe’s president, and CEO, recently bought $1 million of the worth of stock at $014. Lowes’ stock closed Thursday at $95.31. Ellison said: ‘Our ability to support communities with essential goods and services during this pandemic is thanks to our outstanding, dedicated associates.