The company will hold its first-ever “National Hiring Day” on Feb. 24.
The home improvement giant joins a list of companies who are paying it forward following recent tax reforms.
The $5 billion share buyback will be added to Lowe’s previous share repurchase program.
Nearly 200 current Lowe’s store managers began their careers as seasonal employees.
David Batchelder, one of the new appointments, served on The Home Depot board from 2007 to 2011.
Lowe’s Canada will convert 17 stores in Quebec to the Rona banner next month.
Vikram Singh is an Amazon veteran who will be responsible for accelerating Lowe’s digital presence.
Sylvain Prud'homme will continue to serve as president and CEO of Lowe's Canada and add responsibilities for the retailer’s Mexico business.