Lowe's promotes Paul D. Ramsay, its acting chief information officer since March, to CIO, effective immediately; Ramsay joined Lowe's in 2011 with more than 25 years' experience in the IT industry

Cindy Allen

MOORESVILLE, North Carolina , June 9, 2014 (press release) – Lowe's Companies, Inc. (NYSE: LOW) announced today that Paul D. Ramsay has been promoted to chief information officer (CIO), effective immediately. He has been serving as acting CIO since March. Ramsay will report to Richard D. Maltsbarger, who has been appointed chief development officer. Maltsbarger has responsibility for IT, Strategy, Consumer Insights, and Business Development and is President of Orchard Supply Hardware.

As CIO, Ramsay is responsible for day-to-day operations of Lowe's IT organization, including the continued development of a technology portfolio that seamlessly supports the operations of the company's stores, distribution network, e-commerce platforms, and future business technology needs. He joined Lowe's in 2011 with more than 25 years of experience in the IT industry. Ramsay has served Lowe's as senior vice president (SVP) of IT infrastructure and operations and was named SVP of information technology for Lowe's U.S. home improvement business in 2013.

"During his tenure at Lowe's, and particularly during the months as acting CIO, Paul has demonstrated consistent, strong leadership that is making a difference with the IT team," said Chairman, President and CEO Robert A. Niblock. "Because IT is an integral part of the strategy and capabilities of an omni-channel retailer, having the function report to Richard will continue to ensure we meet consumers' future needs."

About Lowe's

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 15 million customers a week in the United States, Canada and Mexico. With fiscal year 2013 sales of $53.4 billion, Lowe's has more than 1,830 home improvement and hardware stores and 260,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe's supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

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