Lowe's Taps Insider to Succeed Longtime CFO
January 17 2017 - 9:05AM
Dow Jones News
By Austen Hufford
Lowe's Cos. said Tuesday it chose a company insider to be its
next finance chief, as its longtime CFO is retiring.
The company said Marshall Croom will become CFO in March after
Finance Chief Robert Hull retires. Mr. Hull has been CFO for nearly
14 years, having taken the post in March 2003.
Mr. Croom, 56 years old, is currently the chief risk officer
where he oversees internal auditing and enterprise risk management.
He will now also be responsible for accounting, tax, treasury,
investor relations, and financial planning and analysis. He has
been with the company since 1997.
Lowe's and fellow home-improvement retailer Home Depot Inc. are
hoping that improving home values will help to overcome recent
generally weak retail shopping trends.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
January 17, 2017 08:50 ET (13:50 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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