Robert A. Niblock

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.

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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.

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