WILKESBORO, N.C./PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today the promotion of Michael K. Brown to Senior Vice President, Store Operations - Western Division. A 17-year Lowe's veteran, Brown served the company most recently as Vice President,
Business Credit Solutions
Specialty Sales with responsibility for Commercial, Installed and Special Order sales.
"Mike has consistently demonstrated his leadership ability in a wide variety of key roles throughout his career," said Executive Vice President of Operations Larry Stone. "Broad perspective and experience as both an operator and a merchant at Lowe's make Mike uniquely qualified for the challenge of running Lowe's largest growth division."
Prior to his role as Vice President, Specialty Sales, Brown was Regional Vice President of the company's Northeast division, which was and continues to be a key market for aggressive growth. He also served the company as Merchandising Vice President for Lawn and Garden products. Other positions Brown held with Lowe's include Director of Remerchandising, Retrofits and Specialty Sales, and Store Manager.
Brown replaces William D. Pelon, who recently announced his retirement after serving the company for 31 years.
With 2000 sales of $18.8 billion, Lowe's Companies, Inc. is the world's second largest home improvement retailer. Headquartered in Wilkesboro, N.C., Lowe's is the 14th largest retailer in the U.S. as well as the 30th largest retailer worldwide. Lowe's and its 100,000 employees are Improving Home Improvement for over six million do-it-yourself retail and commercial business customers each week at more than 734 stores in 42 states. For more information, visit lowes.com.
SOURCE: Lowe's Companies, Inc., 11/12/2001
CONTACT: Chris Ahearn of Lowe's Companies, Inc., +1-336-658-7387
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000720/LOWES
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
Website: http://www.lowes.com
(LOW)