Lowe's names new CFO
Lowe’s Companies, Inc. has appointed David Denton as executive vice president and chief financial officer.
Denton is currently executive vice president and CFO of CVS Health. He plans to join Lowe’s in the second half of 2018 following CVS’s acquisition of Aetna, Lowe’s said.
“We are pleased to add a leader of Dave’s caliber to the Lowe’s team,” said Marvin Ellison, Lowe’s president and CEO. “Dave is a proven retail executive with expertise in finance, capital allocation and strategic planning. Dave also has a strong background in large-scale transformation efforts and has achieved outstanding results throughout his tenure. I am confident that Dave will play a key role as we accelerate growth, profitability and return on capital at Lowe’s.”
Denton brings to Lowe’s more than 25 years of finance and operational expertise. At CVS, he is responsible for all aspects of financial planning and management.
“I am honored to join Lowe’s and look forward to working with Marvin and the talented Lowe’s team to further enhance the company’s financial and operational performance, while strengthening our competitiveness in this evolving retail environment,” said Denton.
Denton succeeds Marshall A. Croom, who announced his retirement this past June.
“On behalf of the entire Lowe’s board of directors, I would like to thank Marshall for his contributions to Lowe’s over the past 21 years. We wish him all the best in the future,” Ellison said.
Before joining CVS Health, Denton was with the management consulting firm of Deloitte and Touche. Denton is currently a director of Tapestry, Inc. and is chairman of the company’s audit committee.
Based in Mooresville, N.C., Lowe’s operates 2,390 locations in the United States, Canada, and Mexico.
Denton is currently executive vice president and CFO of CVS Health. He plans to join Lowe’s in the second half of 2018 following CVS’s acquisition of Aetna, Lowe’s said.
“We are pleased to add a leader of Dave’s caliber to the Lowe’s team,” said Marvin Ellison, Lowe’s president and CEO. “Dave is a proven retail executive with expertise in finance, capital allocation and strategic planning. Dave also has a strong background in large-scale transformation efforts and has achieved outstanding results throughout his tenure. I am confident that Dave will play a key role as we accelerate growth, profitability and return on capital at Lowe’s.”
Denton brings to Lowe’s more than 25 years of finance and operational expertise. At CVS, he is responsible for all aspects of financial planning and management.
“I am honored to join Lowe’s and look forward to working with Marvin and the talented Lowe’s team to further enhance the company’s financial and operational performance, while strengthening our competitiveness in this evolving retail environment,” said Denton.
Denton succeeds Marshall A. Croom, who announced his retirement this past June.
“On behalf of the entire Lowe’s board of directors, I would like to thank Marshall for his contributions to Lowe’s over the past 21 years. We wish him all the best in the future,” Ellison said.
Before joining CVS Health, Denton was with the management consulting firm of Deloitte and Touche. Denton is currently a director of Tapestry, Inc. and is chairman of the company’s audit committee.
Based in Mooresville, N.C., Lowe’s operates 2,390 locations in the United States, Canada, and Mexico.