Lowe’s names current CVS CFO David Denton as its CFO


Lowe’s Companies
LOW,
+0.80%
said it named David Denton as its Chief Financial Officer, after he joins the company from CVS Health Corp.
CVS,
+0.56%
some time in the second half of 2018. Denton will succeed Marshall Croom, who previously announced his plan to retire, after joining the home improvement retailer in 1997, and after being named CFO last year. Denton, who is currently CFO of CVS, will join Lowe’s after the closing of the CVS acquisition of Aetna. Earlier, Lowe’s reported fiscal second-quarter earnings and sales that beat expectations, and said it was exiting its Orchard Supply Hardware division. The stock, which fell 2.7% in premarket trade, has run up 16% over the past three months, while the SPDR S&P Retail ETF
XRT,
+0.32%
has climbed 14% and the S&P 500
SPX,
+0.52%
has gained 5.1%.


View more information: https://www.marketwatch.com/story/lowes-names-current-cvs-cfo-david-denton-as-its-cfo-2018-08-22

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