Business News
Lowe’s Names S. Thomas Moser To Its Board Of Directors
2008-08-22 13:00:00
Board of Directors Expands to Twelve
MOORESVILLE, N.C., Aug. 22 /EMWNews/ -- Lowe's Companies, Inc.
(NYSE: LOW) announced today the appointment of S. Thomas Moser, 61, to its
board of directors. Moser was also appointed to the board's governance and
audit committees. With today's announcement, Lowe's board of directors
increases to 12 members, with 11 of them being independent directors.
Moser served as vice chairman of KPMG LLP, the U.S. member firm of KPMG
International, from 1998 until his retirement in February 2008. He joined
KPMG in 1970, became an audit partner, and held positions of increasing
responsibility including national director - retail and consumer products,
vice chair - consumer and industrial, vice chair - industries, and vice
chair - strategy. He served as a member of the firm's board of directors
and management committee.
Moser received a bachelor's degree in business administration from the
University of North Carolina - Chapel Hill. He serves on the board of
directors and insurance and operations committee of New York Life Insurance
Company. He also serves on the board of directors of the global nonprofit
organization Students in Free Enterprise.
"Tom Moser's depth and breadth of experience with KPMG will be an asset
to the Lowe's board of directors," said Robert A. Niblock, chairman and
CEO. "The board and I look forward to working with him."
With fiscal year 2007 sales of $48.3 billion, Lowe's Companies, Inc. is
a FORTUNE(R) 50 company that serves approximately 14 million customers a
week at more than 1,575 home improvement stores in the United States and
Canada. 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.
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