Mooresville, N.C. -- Lowe’s announced a new leadership structure with simplified roles and responsibilities to drive operational excellence.

As part of the company’s new leadership structure, the chief operating officer, chief customer officer, corporate administration executive and chief development officer positions have been eliminated, and responsibilities formerly under these roles will be assumed by other senior leadership roles that will report directly to Ellison. These changes are effective immediately, but will require a transition period until all roles are permanently filled.

Effective November 6, after ensuring a smooth transition, Michael McDermott, chief customer officer, has decided to leave the company to pursue other interests. Effective immediately, Richard D. Maltsbarger, CFO, will be leaving the company. As previously announced, Marshall A. Croom, CFO, plans to retire from the company, effective in October. An external search is underway, and 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.

William Boltz has been named to the role of executive vice president, merchandising, effective mid-August. Boltz is an accomplished executive with more than three decades of retail operations, marketing and merchandising experience and is currently the president and CEO of Chervon North America.

The company has initiated an external search for the newly created role of executive vice president, stores, which will oversee the North, South and West divisions, Orchard Supply Hardware, operations engineering, Pro and services businesses, and asset protection. The senior leaders of the store operations team will report to the CEO until an executive vice president is named.

The newly created role of executive vice president, supply chain, will oversee distribution centers, logistics, global sourcing, transportation and delivery services. Mike West, current senior vice president, supply chain operations, will serve in the role on a transitional basis while an external search is underway.

Paul D. Ramsay, senior vice president, chief information officer, will remain in his current role as CIO. Bill McCanless, executive vice president, general counsel and corporate secretary, will remain in his current role. Effective immediately, N. Brian Peace, senior vice president, administration, will report to McCanless. Peace will take another role in the fall. Jennifer L. Weber will remain in her current role as executive vice president, human resources. Sylvain Prud‘homme, president and CEO of Canada will remain in his current role, where he will continue to oversee operations in Canada and Mexico.

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