Recent Releases

02/03/16 - Lowe's to Acquire RONA; Creating Canada's Leading Home Improvement Retailer
-- Transaction valued at C$3.2 billion (US$2.3 billion) -- - Transaction unanimously approved by both companies' Boards of Directors - Agreement is based on compelling strategic rationale for both companies - Lowe's pledges important commitments to RONA's key Canadian stakeholders - Lowe's to locate its Canadian head office in Boucherville, Quebec; Canadian operations to be headed by  Sylvain Prud'homme, President of Lowe's Canada - Acquisition accelerates Lowe's growth strategy in Ca
01/29/16 - Lowe's Companies, Inc. Names Sandra B. Cochran To Board Of Directors
MOORESVILLE, N.C., Jan. 29, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced Sandra B. Cochran, 57, has been appointed to its board of directors, effective immediately.  Today's announcement brings Lowe's board of directors to 13 members, 12 of whom are independent. "Sandy brings a combination of strong leadership and retail experience, as well as tremendous financial acumen to Lowe's, and I am pleased to welcome her to our board of directors," said Robert A. Niblock,
01/18/16 - Lowe's Plans to Exit Home Improvement Joint Venture in Australia
MOORESVILLE, N.C., Jan. 18, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced it has provided notification to Woolworths Limited, its joint venture partner in Australia, of its intent to begin the process of exiting its investment in the joint venture, which operates Masters Home Improvement stores and Home Timber and Hardware Group's retail stores and wholesale distribution in Australia. Woolworth's owns two-thirds of the joint venture, and Lowe's owns one-third. Rich
01/14/16 - Lowe’s Appoints Jennifer L. Weber As Chief Human Resources Officer
MOORESVILLE, N.C., Jan. 14, 2016 /PRNewswire/ — Lowe’s Companies, Inc. (NYSE: LOW) today announced that Jennifer L. Weber has been named the company’s chief human resources officer, effective March 1. She will report to Chairman, President and CEO Robert A. Niblock. Weber will succeed Maureen K. Ausura, who announced plans to retire after 11 years with the company. Weber, 49, will oversee global human resources practices, policies and operations that will enable Lowe’s to a
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Biography

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Richard D. Maltsbarger
Chief Development Officer and President of International

Richard Maltsbarger was named chief development officer in 2014 and president of international in 2015. He is responsible for Corporate Strategy and Business Development, as well as International Operations and Development.

From 2013 to 2015, he served as president of Orchard Supply Hardware, a west coast chain of neighborhood hardware and backyard stores that Lowe’s acquired in August 2013.

Previously, Maltsbarger served as business development executive since 2012 where he led the strategic planning and realization function, research and consumer insights, as well as the company’s innovation center. Maltsbarger joined Lowe’s in 2004 as director of consumer analytics and, during his tenure, served as senior vice president of strategy, vice president of strategic planning and vice president of research.

He currently serves on the board of directors of Masters, Lowe’s joint venture with Woolworths in Australia. Maltsbarger earned his bachelor’s and master’s degrees in agricultural economics from the University of Missouri and an M.B.A. from Washington University in St. Louis.