MOORESVILLE, N.C., Jan 27, 2012 (BUSINESS WIRE) --Lowe's Companies, Inc. (NYSE: LOW) announced today the appointment of
Richard W. Dreiling, 58, to its board of directors. He will serve on the
board's audit and governance committees. Today's announcement brings
Lowe's board of directors to 12 members, 11 of whom are independent.
Dreiling is chairman and CEO of Dollar General Corporation in
Goodlettsville, Tenn., a position he has held since 2008. He led Dollar
General's re-emergence as a public company in 2009 through a successful
initial public offering on the New York Stock Exchange. Dreiling has
extensive retail experience, having served as chairman and CEO of Duane
Reade Holdings, Inc.; executive vice president and chief operating
officer of Longs Drug Stores Corporation; executive vice president of
marketing, manufacturing and distribution for Safeway, Inc.; and
president of Vons, a food and drug division of Safeway in Southern
Dreiling serves as vice chairman of the Retail Industry Leaders
Association (RILA), and chairman of the Monroe Carell Jr. Children's
Hospital at Vanderbilt University. In 2011, he was named "Retailer of
the Year" by Mass Market Retailer. Dreiling earned a bachelor's degree
in industrial relations from Rockhurst University in Kansas City, Mo.
"Rick has a tremendous range of retail and executive management
experience from his years of working with some of the nation's top
retail companies," said Robert A. Niblock, Lowe's chairman, president
and CEO. "He is a thoughtful leader who will be an outstanding
complement to Lowe's board of directors."
With fiscal year 2010 sales of $48.8 billion, Lowe's Companies, Inc. is
a FORTUNE(R) 50 company that serves approximately 15 million
customers a week at more than 1,725 home improvement stores in the
United States, Canada and Mexico. Founded in 1946 and based in
Mooresville, N.C., Lowe's is the second-largest home improvement
retailer in the world. For more information, visit Lowes.com.
SOURCE: Lowe's Companies, Inc.
Lowe's Companies, Inc.
Chris Ahearn, 704-758-2304
Tiffany Mason, 704-758-2033