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 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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