Lowe's Companies, Inc. announced the promotion of Larry D. Stone to president and chief operating officer, effective immediately. Stone will continue to report to Chairman and CEO Robert A. Niblock, who served as president since 2003.
Stone, a 37-year Lowe's veteran, previously served as senior executive vice president of merchandising/marketing. He joined the company in 1969 and has served in virtually every leadership position within store operations, merchandising and store environment. In his new role, Stone will have responsibility for store operations; merchandising; marketing; logistics and distribution; merchandising and store support; and Lowe's Canadian operations.
Nick Canter has been appointed executive vice president, merchandising, reporting to Stone. He will also have responsibility for global sourcing and store environment. Canter served most recently as executive vice president of store operations and has 32 years of Lowe's operations and merchandising experience. In addition to his extensive store operations background, Canter has served the company as senior vice president and general merchandising manager responsible for building products as well as vice president of merchandising for millwork.
Michael K. Brown, a 23-year Lowe's veteran, has been promoted to executive vice president of store operations, with responsibility for all Lowe's stores nationwide and the company's specialty sales initiatives. He served most recently as senior vice president of store operations for Lowe's South Central Division, and has previously lead store operations as senior vice president of the West Division and regional vice president of the Northeast Division. Brown has also served as vice president of specialty sales and merchandising vice president for Lowe's. He will report to Stone.
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