Lowe’s COO, president to retire

Mooresville, N.C. -- Lowe’s Cos. president and chief operating officer, Larry Stone, will retire June 2, after 42 years with the company. Lowe’s doesn’t plan to fill the vacancy.

Stone has served in virtually every leadership position within store operations, merchandising and store environment during his career.

Lowe’s also announced the following promotions within merchandising, store operations and strategic planning:

  • Robert J. (Bob) Gfeller, Jr. – executive VP merchandising
  • Rick D. Damron – executive VP store operations
  • William D. (Doug) Robinson – senior VP customer support services
  • Richard D. Maltsbarger – senior VP strategy