Lowe's Names President and CEO

Mooresville, N.C. — Lowe's Companies, Inc. has named Marvin R. Ellison as president and CEO, effective July 2, 2018. He will also join Lowe's board of directors at that time. Ellison succeeds Robert A. Niblock, who previously announced his intention to retire. The Lowe's board has also appointed Richard W. Dreiling, a director of Lowe's since 2012, as chairman, effective July 2, 2018.

JCPenney To Close 130-140 Stores

Plano, Texas — J. C. Penney Company, Inc. is implementing a plan to optimize its national retail operations. Under the plan, the company expects to close two distribution facilities and approximately 130 to 140 stores over the next few months.

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