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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