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Lowe's Companies Inc (LOW.N)

LOW.N on New York Stock Exchange

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20 Jul 2018
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Summary

Name Age Since Current Position

Richard Dreiling

64 2018 Chairman of the Board

Marvin Ellison

53 2018 President, Chief Executive Officer, Director

Marshall Croom

57 2017 Chief Financial Officer

Jennifer Weber

50 2016 Chief Human Resource Officer

Matthew Hollifield

50 2005 Senior Vice President, Chief Accounting Officer

Paul Ramsay

52 2014 Chief Information Officer

Ross McCanless

59 2016 Chief Legal Officer, Secretary and Chief Compliance Officer

Michael McDermott

47 2016 Chief Customer Officer

N. Brian Peace

51 2012 Corporate Administration Executive

Marshall Larsen

69 2015 Lead Independent Director

Ralph Alvarez

62 2010 Independent Director

David Batchelder

68 2018 Independent Director

Angela Braly

56 2013 Independent Director

Sandra Cochran

59 2016 Independent Director

Laurie Douglas

53 2015 Independent Director

James Morgan

70 2015 Independent Director

Brian Rogers

62 2018 Independent Director

Bertram Scott

66 2015 Independent Director

Lisa Wardell

48 2018 Independent Director

Eric Wiseman

62 2011 Independent Director

Tiffany Mason

2017 Senior Vice President, Corporate Finance and Treasurer

Biographies

Name Description

Richard Dreiling

Mr. Richard W. Dreiling is re designated as Chairman of the Board of Lowe's Companies, Inc., effective as of July 2, 2018. Mr. Dreiling retired in June 2015 from Dollar General Corporation, the nation’s largest small-box discount retailer, as Chief Executive Officer, a position he held since January 2008. Mr. Dreiling served as Chairman of Dollar General Corporation from December 2008 until January 2016 and as Senior Advisor from June 2015 until January 2016. Before joining Dollar General, Mr. Dreiling served as Chief Executive Officer, President and a director of Duane Reade Holdings, Inc. and Duane Reade Inc., the largest drugstore chain in New York City, from November 2005 until January 2008, and as Chairman of Duane Reade from March 2007 until January 2008. Prior to that, Mr. Dreiling, beginning in March 2005, served as Executive Vice President-Chief Operating Officer of Longs Drug Stores Corporation, an operator of a chain of retail drug stores on the West Coast and Hawaii, after having joined Longs in July 2003 as Executive Vice President and Chief Operations Officer. From 2000 to 2003, Mr. Dreiling served as Executive Vice President-Marketing, Manufacturing and Distribution at Safeway, Inc., a food and drug retailer. Prior to that, Mr. Dreiling served from 1998 to 2000 as President of Vons, a southern California food and drug division of Safeway. Mr. Dreiling is former Chairman and was, until January 2016, a member of the board of directors of the Retail Industry Leaders Association (RILA), a trade association based in Arlington, Virginia for the retail industry that includes nine of the top 10 U.S. retailers among its members.

Marvin Ellison

Mr. Marvin R. Ellison is appointed as President, Chief Executive Officer, Director of the company effective as of July 2, 2018. He currently serves as chairman and CEO of J. C. Penney Company, Inc., and previously served as president and CEO-designee of JCPenney from 2014 to 2015. Prior to that, Ellison spent more than 12 years at The Home Depot, Inc., where he served as executive vice president of U.S. stores from 2008 to 2014 and was responsible for sales, profit and overall operations for 2,000 stores, more than 275,000 employees and $65 billion in annual sales volume. Prior to joining The Home Depot, Ellison spent 15 years at Target Corporation in a variety of operational roles.

Marshall Croom

Mr. Marshall A. Croom is Chief Financial Officer of the Company. He is no longer Chief Risk Officer of Lowe’s Companies Inc., effective March 3, 2017. He was named chief risk officer in January of 2009, and is responsible for providing oversight and direction for the management of all material risks across the company, including enterprise risk management, workers compensation, internal audit, data management, quality assurance and information security. Croom joined the company in 1997, following an 11-year career with Ernst & Young, and most recently served as the senior vice president of merchandising and store support. His prior Lowe’s experience also includes senior vice president of finance, treasurer and assistant treasurer. He received a bachelor’s degree in accounting from Appalachian State University.

Jennifer Weber

Ms. Jennifer L. Weber has been appointed as Chief Human Resources Officer of the Company, effective 1 March 2016. She will oversee global human resources practices, policies and operations that will enable Lowe's to attract, motivate, develop and retain outstanding employees. She joins the company most recently from Duke Energy, where she served for the past seven years on the company's senior leadership team as executive vice president & chief human resources officer and as executive vice president of external affairs & strategic policy. Weber has more than 20 years of experience in human resources strategy, compensation and benefits, leadership development, strategic communications and change management experience in a variety of business sectors. Weber has more than 20 years of experience in human resources, communications and change management. Since 2008, she served on the senior leadership team for Duke Energy as the executive vice president and chief human resources officer and as the executive vice president, external affairs & strategic policy. Prior to her experience at Duke Energy, she held senior human resources positions at Scripps Network Interactive Inc., E.W. Scripps Company and Towers Perrin (now Towers Watson). Weber has a bachelor's degree from Miami University in Ohio and a master's degree in public policy and management from Carnegie Mellon University . She is a past chair of the board of directors for the United Way of Central Carolinas and a member of the executive committee of the Charlotte Chamber.

Matthew Hollifield

Mr. Matthew V. Hollifield is Senior Vice President, Chief Accounting Officer of Lowe’s Companies Inc, since November 2005. He served as vice president of corporate accounts payable since joining Lowe’s in 2002. Hollifield’s responsibilities include oversight of all corporate accounting, product accounting, inventory control, trades payable, expense payable and general accounting functions. He has more than 17 years of experience in corporate finance and accounting and previously served as chief financial officer of Century Furniture Industries. Hollifield has a bachelor’s degree from Appalachian State University, an M.B.A. from Duke University and is a certified public accountant.

Paul Ramsay

Mr. Paul D. Ramsay is Chief Information Officer of Lowe's Companies, Inc., since June 9, 2014. As CIO, Ramsay is responsible for day-to-day operations of Lowe’s IT organization, including the continued development of a technology portfolio that seamlessly supports the operations of the company’s stores, distribution network, e-commerce platforms, and future business technology needs. He joined Lowe’s in 2011 with more than 25 years of experience in the IT industry. Ramsay has served Lowe’s as senior vice president (SVP) of IT infrastructure and operations and was named SVP of information technology for Lowe’s U.S. home improvement business in 2013.

Ross McCanless

Mr. Ross W. McCanless is Chief Legal Officer, Secretary and Chief Compliance Officer of the Company. Mr. McCanless is returning to Lowe's top legal role, a position he held from 2003 to 2006, after serving as chief legal officer, general counsel and secretary for Extended Stay America, Inc. and ESH Hospitality, Inc.—two NYSE-listed companies that own more than 650 extended stay hotels in the U.S. and Canada. In his new role, Mr. McCanless will be responsible for directing all legal matters for Lowe's and its subsidiaries as well as advising the chairman and board of directors on corporate governance matters.

Michael McDermott

Mr. Michael P. McDermott serves as Chief Customer Officer of the Company. He was Chief Merchandising Officer of Lowe's Companies, Inc. Mr. McDermott will be responsible for the merchandising offering for Lowe’s U.S. business, pricing and promotion, and all global sourcing activities. He joined Lowe’s in 2013 as SVP, general merchandising manager-building and maintenance. Mr. McDermott has more than 20 years of experience in product leadership, merchandising, marketing and commercial sales, having served previously with General Electric, where he was sales leader-appliances and a member of the company’s corporate commercial council. His prior experience in leading global product management teams, merchandising teams, and driving innovation will be key assets to drive growth for Lowe’s. Mr. 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.

N. Brian Peace

Mr. N. Brian Peace is Corporate Administration Executive of Lowe’s Companies Inc. He was named corporate administration executive in May of 2012, and is responsible for government affairs, corporate facilities, corporate security, aviation, and corporate events and travel. He joined Lowe’s in 1997, and previously served as senior vice president of corporate affairs and vice president of corporate communications, where he also oversaw public relations, internal communications, and community relations. Peace earned the bachelor’s degree from Appalachian State University.

Marshall Larsen

Mr. Marshall O. Larsen is Lead Independent Director of Lowe’s Companies Inc. He retired in July 2012 as Chairman, President and Chief Executive Officer of Goodrich Corporation, a supplier of systems and services to the aerospace and defense industry. Mr. Larsen had served as Chairman of Goodrich since October 2003 and President and Chief Executive Officer, since February 2002 and April 2003, respectively. Prior to that, Mr. Larsen was Executive Vice President and President and Chief Operating Officer of the Aerospace division of Goodrich from 1995 to 2002. Mr. Larsen serves as Lowe’s Lead Director.

Ralph Alvarez

Mr. Raul Alvarez is an Independent Director of Lowe's Companies, Inc. Mr. Alvarez is the Chairman of Skylark Co., Ltd., a public Japanese holding company operating more than 3,000 restaurants. Mr. Alvarez served as President and Chief Operating Officer of McDonald’s Corporation, which franchises and operates over 32,000 McDonald’s restaurants in the global restaurant industry, from August 2006 until his retirement in December 2009. Previously, he served as President of McDonald’s North America from January 2005 to August 2006 and as President of McDonald’s USA from July 2004 to January 2005, where he led a team that aligned employees, owner/operators, and suppliers behind the company’s “Plan to Win” strategy – the catalyst for the turnaround of the U.S. business. Mr. Alvarez joined McDonald’s in 1994 and held a variety of leadership positions during his tenure with the company, including Chief Operations Officer and President of the Central Division, both with McDonald’s USA, and President of McDonald’s Mexico. Before joining McDonald’s, Mr. Alvarez served as a Corporate Vice President and as Division Vice President-Florida for Wendy’s International, Inc. from 1990 to 1994. Prior to that, he was with Burger King Corporation from 1977 to 1989 where he held a variety of positions, including Managing Director of Burger King Spain, President of Burger King Canada and Regional Vice President for the Florida Region.

David Batchelder

Mr. David H. Batchelder has been appointed Independent Director of the Company effective March 22, 2018. He was a founder, principal and member of the investment committee at Relational Investors LLC from 1988 to 2015. Prior to that, he served in various executive positions at Mesa Petroleum Co., including as president and chief operating officer from 1986 to 1988. Batchelder served on several other public company boards, including The Home Depot from 2007 to 2011, ConAgra Foods from 2002 to 2007 and Mac Frugal's Bargains Close-Outs Inc. from 1990 to 1997. He received a bachelor's degree in accounting from Oklahoma State University.

Angela Braly

Ms. Angela F. Braly is an Independent Director of the Company. Ms. Braly is the former Chair, President and Chief Executive Officer of WellPoint, Inc. (now Anthem, Inc.), a health benefits company. She served as Chair of the board from March 2010 until August 2012 and President and Chief Executive Officer from June 2007 through August 2012. Prior to that, Ms. Braly served as Executive Vice President, General Counsel and Chief Public Affairs Officer of WellPoint from 2005 to 2007, and President and Chief Executive Officer of Blue Cross Blue Shield of Missouri from 2003 to 2005.

Sandra Cochran

Ms. Sandra B. Cochran is an Independent Directorof the Company. Ms. Cochran has served as a director and as President and Chief Executive Officer of Cracker Barrel Old Country Store, Inc., which operates over 641 old country stores and restaurants across 43 states, since September 2011. Ms. Cochran joined Cracker Barrel in April 2009 as Executive Vice President and Chief Financial Officer and was named President and Chief Operating Officer in November 2010. She was previously Chief Executive Officer at book retailer Books-A-Million, Inc. from February 2004 to April 2009 and also served as that company’s President from August 1999 to February 2004, Chief Financial Officer from September 1993 to August 1999 and Vice President of Finance from August 1992 to September 1993. Ms. Cochran has served as a director of Dollar General Corporation since December 2012.

Laurie Douglas

Ms. Laurie Z. Douglas is Independent Director of the Company. She has served as Senior Vice President, Chief Information Officer and Chief Security Officer of Publix Super Markets, Inc., an operator of retail food supermarkets in Florida, Georgia, Alabama, South Carolina, Tennessee and North Carolina, since 2006. Before joining Publix Super Markets, Ms. Douglas served as Senior Vice President and Chief Information Officer of FedEx Kinko’s Office and Print Services, Inc. from 2004 to 2005. From 2003 to 2004, she was Senior Vice President and Chief Information Officer of Kinko’s, Inc.

James Morgan

Mr. James H. Morgan is an Independent Director of the Company. Mr. Morgan has served as Chairman of Covenant Capital LLC, an investment management firm, since February 2015, after previously serving in that capacity from 2001 to 2008. Mr. Morgan served as Chairman of Krispy Kreme Doughnuts, Inc., a leading branded specialty retailer and wholesaler of premium quality sweet treats and complementary products, from January 2005 to August 2016. He served as Executive Chairman of Krispy Kreme from June 2014 to January 2015, as Chief Executive Officer from January 2008 to June 2014 and as President from April 2012 to June 2014. Mr. Morgan also previously served as President of Krispy Kreme from January 2008 to November 2011. Mr. Morgan served as Vice Chairman of Krispy Kreme from March 2004 to January 2005. Previously, Mr. Morgan served as a consultant for Wachovia Securities, Inc., a securities and investment banking firm, from January 2000 to May 2001. From April 1999 to December 1999, Mr. Morgan was Chairman and Chief Executive Officer of Wachovia Securities, Inc. Mr. Morgan was employed by Interstate/Johnson Lane, an investment banking and brokerage firm, from 1990 to 1999 in various capacities, including as Chairman and Chief Executive Officer.

Brian Rogers

Mr. Brian C. Rogers has been appointed Independent Director of the Company., effective March 22, 2018. He serves as non-executive chair of T. Rowe Price Group, Inc., having retired as chief investment officer of the company inMarch 2017. He was elected to the T.Rowe Priceboard of directors in 1997 and was named board chair in 2007. As a member of the board, he has served on the U.S. equity steering, fixed income steering, international equity steering, product strategy steering, and management compensation committees, as well as the proxy committee. He joined T.Rowe Pricein 1982 and served in several roles including chief investment officer from 2004 to 2017 and president of two T.Rowe Pricefunds. Prior to joining T.Rowe Price, Rogers worked at Bankers Trust Company. Rogers earned a bachelor's degree from Harvard College and an MBA from Harvard Business School. Rogers is in the process of receiving the necessary consents from his other boards with respect to his joining Lowe's as a board member.

Bertram Scott

Mr. Bertram L. Scott is an Independent Director of the Company. Mr. Scott has served as Senior Vice President of Population Health and Value Based Care at Novant Health, a leading healthcare provider, since 2015. Prior to that, Mr. Scott was President, Chief Executive Officer and a director of Affinity Health Plan, a provider of New York State-sponsored health coverage, from 2012 to 2014; President, U.S. Commercial of CIGNA Corporation, a global health services organization, from 2010 to 2011; Executive Vice President and Chief Institutional Development and Sales Officer of TIAA-CREF from 2000 to 2010; and President and Chief Executive Officer of TIAA-CREF Life Insurance Company from 2000 to 2007. Mr. Scott currently serves on the board of AXA Equitable Life Insurance Company (“AXA”); Becton, Dickinson and Company; and MONY Life Insurance Company of America (“MONY”). AXA and MONY, which are affiliates of AXA Group, file reports with the SEC but they do not have securities listed on an exchange.

Lisa Wardell

Ms. Lisa W. Wardell has been appointed Independent Director of the Company effective March 22, 2018. She is currently serves as president and chief executive officer of Adtalem Global Education, a role she has held since 2016. Wardell has been a member of Adtalem's board of directors since 2008 and has chaired its audit committee. Prior to her current position, she served as executive vice president and chief operating officer for The RLJ Companies for a total of 12 years, and as principal at the private equity firm Katalyst Venture Partners for four years. From 1998 to 2000, Wardell worked as a senior consultant for Accenture in the organization's communications and technology strategic services practice. Wardell earned her bachelor's degree from Vassar College, her law degree from Stanford Law School and her master's degree in finance and entrepreneurial management from the Wharton School of Business. Wardell is a member of The Business Council and the Executive Leadership Council. Among numerous recognitions, she was recently named to Savoy Magazine's Power 300: Most Influential Black Corporate Directors list (2017 and 2016) and has been recognized by Black Enterprise magazine as one of the "300 Most Powerful Executives in Corporate America" (2017).

Eric Wiseman

Mr. Eric C. Wiseman is an Independent Director of Lowe's Companies Inc. Mr. Wiseman is the Chairman of V.F. Corporation, a global leader in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. Previously, Mr. Wiseman served as the Chairman from August 2008 to January 2017; Chief Executive Officer from January 2008 to January 2017; and President from March 2006 to June 2015. Prior to that, he served as Chief Operating Officer of V.F. from March 2006 to January 2008. Mr. Wiseman joined V.F. in 1995 and has held a variety of leadership positions during his tenure with the company. Mr. Wiseman also served as Treasurer and a member of the board of directors of the Retail Industry Leaders Association (RILA) in 2016 and currently is a member of the Board of Visitors of the School of Business at Wake Forest University.

Tiffany Mason