Lowe’s has appointed David Denton as executive vice president, chief financial officer.
Denton currently serves as evp/CFO of CVS Health and will join Lowe’s shortly after the closing of the CVS acquisition of Aetna, which is expected in the second half of 2018.
He 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. He was appointed CFO in 2010.
Denton succeeds Marshall Croom, whose retirement was previously announced.
“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.”