Lowe's CEO to Retire Once Successor Is Found
Lowe's president and chief executive officer Robert Niblock will step down after 25 years with the company as soon as a successor is found.
Niblock has served as the hardware retailer’s top leader since 2005.
"I am confident that it is the right time to transition the company to its next generation of leadership," Niblock said in a media release. "Serving Lowe's alongside our over 310,000 outstanding employees has been my great privilege and the highlight of my professional career. I am extremely proud of all that we have accomplished to position Lowe's as the omnichannel project authority."
Niblock said he will assist Lowe's board of directors in its search for his successor.
Lowe's is under continued pressure to perform at its physical locations and online against channel rival Home Depot. The two retailers continue to leverage social media and emerging technology such as augmented reality to drive engagement and sales.