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Lowe’s will have a new chief financial officer starting March 3.
The big-box retailer has chosen Marshall A. Croom to replace Robert F. Hull Jr. in the role. Hull is retiring after 17 years with the company and will stay through March to help with the transition, according to Lowe’s.
As chief financial officer, Croom will oversee accounting, tax, treasury, investor relations and financial planning and analysis. He will also continue to lead internal audit and enterprise risk management, as he has done since 2009.
“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,” says Robert A. Niblock, Lowe’s chairman, president and CEO.
“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.”
Croom has served as the retailer’s chief risk officer for eight years, managing all material risks across the company, including enterprise risk management, internal audit, project and process management, quality assurance, information security, loss prevention and workers’ compensation.
Since he began working for Lowe’s in 1997, Croom has held other finance leadership roles within the company and also worked in merchandising and store operations support.
