Lowe's CEO Announces Retirement

Mooresville, NC, March 27, 2018-Lowe’s CEO Robert Niblock has announced that he will retire.

Niblock will make the transition as soon as a successor can be found.

Niblock has been with the company for 25 years, including 13 as chairman and CEO.

The move comes after three new directors joined the board, including activist investor D.E. Shaw & Co., who has said that Lowe’s has underperformed compared to Home Depot.