MOORESVILLE, N.C., June 4, 2018 /PRNewswire/ — Lowe’s Companies, Inc. (NYSE: LOW) today announced that following a successful 21-year career with the company, Marshall A. Croom plans to retire from the company, effective Oct. 5, 2018. Croom will continue in his role as chief financial officer until his successor is appointed, and then remain with the company during a transition period until his retirement date.
Lowe’s is conducting an external search for its next CFO and has retained an executive search firm to assist in the process.
“On behalf of the entire Board and management team, I thank Marshall for his dedication and valuable contributions during his more than two-decade career at Lowe’s,” said Robert A. Niblock, Lowe’s chairman, president and CEO. “Lowe’s has a strong finance team, and Marshall has played a significant role in helping drive financial and operational improvements as we work to enhance our position as the omni-channel project authority. I am deeply appreciative that Marshall will remain with Lowe’s to help facilitate a smooth leadership transition and wish him all the best in his retirement.”
“It has been a privilege to work alongside the talented and dedicated Lowe’s team,” said Croom. “I am proud of the progress we have made and the team we have built, and I am committed to ensuring a smooth transition.”
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States, Canada and Mexico. With fiscal year 2017 sales of $68.6 billion, Lowe’s and its related businesses operate or service more than 2,390 home improvement and hardware stores and employ over 310,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.