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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lowes Companies Inc | NYSE:LOW | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
3.42 | 1.49% | 233.00 | 238.15 | 231.98 | 233.58 | 1,834,731 | 00:03:33 |
MOORESVILLE, N.C., July 9, 2018 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced a new leadership structure with simplified roles and responsibilities to drive operational excellence.
Marvin R. Ellison, president and CEO of Lowe's, said, "We have taken a fresh look at our organizational structure and are realigning our leadership team to improve our focus, better leverage Lowe's omni-channel capabilities and deliver increased value for our customers, associates and shareholders. As we make this transition, I would like to recognize the numerous contributions of the senior leaders departing Lowe's and thank them for their years of service."
As part of the company's new leadership structure, the chief operating officer, chief customer officer, corporate administration executive and chief development officer positions have been eliminated, and responsibilities formerly under these roles will be assumed by other senior leadership roles that will report directly to Ellison. These changes are effective immediately but will require a transition period until all roles are permanently filled.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States, Canada and Mexico. With fiscal year 2017 sales of $68.6 billion, Lowe's and its related businesses operate or service more than 2,390 home improvement and hardware stores and employ over 310,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe's supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/lowes-realigns-leadership-structure-to-drive-operational-excellence-300678020.html
SOURCE Lowe's Companies, Inc.
Copyright 2018 PR Newswire
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