Mooresville, N.C. — Marshall A. Croom, a 20-year Lowe’s veteran, has been promoted to chief financial officer, effective March 3, 2017. Croom succeeds Robert F. (Bob) Hull Jr., who plans to retire after 17 years with Lowe’s Companies, Inc. Croom will report to Robert A. Niblock, Lowe’s chairman, president and CEO. Hull will remain at Lowe’s through March to ensure a smooth transition period.
Lowe’s Home Improvement
Mooresville, N.C. and Boucherville, Quebec — Lowe’s Companies, Inc. and RONA inc. have entered into a definitive agreement under which Lowe’s is expected to acquire RONA for C$3.2 billion (U.S. $2.3 billion). Together, Lowe’s Canada and RONA stores will create Canada’s leading home improvement retailer.