MOORESVILLE, N.C., Jan. 30, 2015 /PRNewswire/ -- Today, the board of
directors for Lowe's Companies, Inc. announced it has appointed
James H. Morgan, 67, to the
company's board, effective immediately. Today's announcement brings
Lowe's board of directors to 12 members, 11 of whom are
independent.
Morgan is chairman of Krispy Kreme, having served as the
company's CEO from 2008 to 2014, on its board of directors since
2000, and as its chairman since 2005. He has extensive experience
in the financial services area, having served as chairman and CEO
of Wachovia Securities, Inc. and chairman and CEO of investment
banking and brokerage firm Interstate/Johnson Lane. He is also on the board of
directors of Coca-Cola Bottling Co. Consolidated, the nation's
second largest Coca-Cola bottler.
"With his career in publicly held retail, consumer products and
financial services companies, Jim brings deep and relevant
experience to our board," said Robert A.
Niblock, Lowe's chairman, president and CEO. "Jim will be a
valuable resource as we continue our transformation to an
omni-channel home improvement company focused on differentiating
through exceptional customer experiences. The board and I look
forward to working with him."
Morgan will serve on the Audit and Governance committees of the
board. He will stand for election at Lowe's 2015 annual meeting of
shareholders.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a
FORTUNE® 100 home improvement company serving approximately 15
million customers a week in the United
States, Canada and
Mexico. With fiscal year 2013
sales of $53.4 billion, Lowe's has
more than 1,835 home improvement and hardware stores and 260,000
employees. 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.
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SOURCE Lowe's Companies, Inc.