Lowe’s to Close All 99 Orchard Supply Hardware Stores

Mooresville, N.C. — Lowe’s Companies, Inc. will close all 99 of its Orchard Supply Hardware stores by February 1, 2019. Founded in San Jose, Calif., in 1931 and acquired by Lowe’s in 2013, Orchard Supply Hardware operates locations in California, Oregon and Florida. Lowe’s is closing the stores to focus on its core home improvement business.

Lowe's Names New Chief Financial Officer

Mooresville, N.C. — Lowe's Companies, Inc. has appointed David M. Denton as executive vice president, chief financial officer. Denton currently serves as executive vice president and CFO of CVS Health and will join Lowe's shortly after the closing of the CVS acquisition of Aetna, which is expected in the second half of 2018.

Lowe's Appoints Executive Vice President, Supply Chain

Mooresville, N.C. — Lowe's Companies, Inc. has named Donald E. Frieson as executive vice president, supply chain, effective August 8, 2018. He will be responsible for the company's distribution centers, logistics, global sourcing, transportation and delivery services. Frieson will report to Marvin R. Ellison, president and CEO.

Lowe’s CEO to Retire

Mooresville, N.C. — After 25 years with Lowe's Companies, Inc., Robert A. Niblock plans to retire as chairman, president and CEO of the company. The board of directors has initiated a search for his successor, and in the interim Niblock will remain in his current role.

Lowe's Hires New Chief Digital Officer

Mooresville, N.C. — Lowe's Companies, Inc. has named Vikram Singh as the company's senior vice president, chief digital officer, effective January 4, 2018. The newly created role will report to Michael P. McDermott, chief customer officer, and will further accelerate Lowe's digital evolution.

Lowe's Canada To Expand Store Count in Canada

Toronto — In addition to completing the acquisition of 12 former Target sites, Lowe’s Canada also plans to open two more locations in Ontario. Construction is currently underway in Ancaster and Mississauga, representing an additional investment in excess of approximately C$50 million.

Lowe’s CIO Michael K. Brown Retires

Mooresville, NC — Michael K. Brown, EVP and chief information officer of Lowe's Companies, Inc., plans to retire after almost 28 years with the company in store operations and IT.

 

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