Recent Releases

11/19/14 - Lowe's Reports Third Quarter Sales And Earnings Results
-- Comparable Sales Increased 5.1 Percent -- -- Diluted Earnings Per Share Increased 25.5 Percent -- MOORESVILLE, N.C., Nov. 19, 2014 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $585 million for the quarter ended October 31, 2014, a 17.3 percent increase over the same period a year ago. Diluted earnings per share increased 25.5 percent to $0.59 from $0.47 in the third quarter of 2013. For the nine months ended October 31, 2014, net earnings increa
11/18/14 - Lowe's Names McCanless General Counsel, Secretary And Chief Compliance Officer
-Gaither M. Keener Announces Plans to Retire after 30 Years of Service MOORESVILLE, N.C., Nov. 18, 2014 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that Ross W. (Bill) McCanless will be joining the company as general counsel, secretary and chief compliance officer, effective January 12, 2015. McCanless will replace Gaither M. Keener, who announced plans to retire from the company following 30 years of service. McCanless is returning to Lowe's top legal role,
11/14/14 - Lowe's Companies, Inc. Declares Cash Dividend
MOORESVILLE, N.C., Nov. 14, 2014 /PRNewswire/ --The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of twenty three cents ($0.23) per share, payable February 4, 2015, to shareholders of record as of January 21, 2015. 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 mo
11/12/14 - Lowe's Companies, Inc. Invites You to Join Its Third Quarter 2014 Earnings Conference Call Webcast
MOORESVILLE, N.C., Nov. 12, 2014 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) third quarter 2014 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, November 19, 2014 at 9:00 a.m. Eastern Time with: Robert A. Niblock, chairman, president and chief executive officer; Michael A. Jones, chief customer officer; and Robert F. Hull, Jr., chief financial officer.  Supplemental slides will be availabl
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Biography

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Richard D. Maltsbarger
Chief Development Officer

Richard Maltsbarger was named chief development officer in 2014 and is responsible for IT, Strategy, Consumer Insights, and Business Development.

Since 2013, he has also held the additional role of President of Orchard Supply Hardware, a west coast chain of neighborhood hardware and backyard stores which Lowe’s acquired in August 2013. Orchard operates as a separate, standalone business of Lowe’s, retaining its brand and its San Jose headquarters. Maltsbarger led the Lowe’s team to acquire Orchard from bankruptcy.

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.  Over the past several years, he and his team have worked to expand Lowe’s portfolio of businesses. 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.  Prior to Lowe’s, Maltsbarger served as a senior retail strategy consultant with IBM, advising firms in the retail, hospitality and distribution industries.

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.