Croom Named Lowe’s CFO

Lowe’s has promoted Marshall Croom to the position of chief financial officer. Croom succeeds Robert Hull Jr., who announced plans to retire after 17 years at Lowe’s.

A 20-year veteran of the retailer, Croom will report to Robert Niblock, Lowe’s chairman, president and CEO. For the past eight years, Croom has acted as Lowe’s chief risk officer, responsible for providing management oversight and direction regarding all material risks across the company.

Croom will assume his new duties on March 3. Hull will remain with Lowe’s through March to ensure a smooth transition of the CFO role.

“Marshall brings over 30 years of financial and operational experience to his new role and, importantly, possesses a deep understanding of virtually every facet of Lowe’s,” Niblock said. “We have confidence in Marshall’s proven leadership as we continue to focus and invest in the areas that meet consumers’ evolving expectations. We look forward to a smooth transition, given our CFO succession planning process.”