Lowe’s names Alvarez to board

Mooresville, N.C.-based Lowe’s has named former McDonald’s chief Raul Alvarez, 55, to its board of directors, increasing its total members from 11 to 12.

The company said Alvarez will serve on the board’s governance and audit committees.

Alvarez served as president and COO of McDonald’s Corp. from 2006 until his retirement in December 2009. Previously, he served as McDonald’s president of the North America and U.S. divisions, as well as president of McDonald’s Mexico. Alvarez previously held several leadership positions at both Wendy’s International and Burger King Corp.

“Raul Alvarez brings over 30 years of retail and consumer marketing experience with some of the world’s best known brands,” said Robert Niblock, chairman and CEO. “His background in these areas, along with his international perspective and strategic planning, is highly valuable to our board.”