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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.

Fransmart Hires Restaurant Industry Veteran

Alexandria, Va. — Fransmart, the leading global franchise developer behind the explosive growth of The Halal Guys and Five Guys Burgers & Fries, has brought on industry veteran Michael D’Arezzo. As part of the Fransmart team, D’Arezzo will assist Fransmart’s founder and president, Dan Rowe, in developing and growing the company’s existing portfolio of emerging restaurant brands.

Long John Silver’s Acquires 76 Franchised Restaurants as Part of Brand Revitalization

Louisville, Ky. — Long John Silver’s, the nation’s largest quick-service seafood company, has acquired 76 LJS restaurants owned by ServUS, located primarily in Indiana. ServUS is owned by veteran franchisee Bob Ruckriegel who opened the third Long John Silver’s restaurant in 1969. Financial terms were not released.

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