By Matt Grossman
Lowe's Cos. Inc. has named Marvin Ellison, its chief executive, to the additional role of board chairman.
Mr. Ellison succeeds Richard Dreiling as chairman. Mr. Dreiling will shift to serving as the lead independent director of the Mooresville, N.C.-based home-improvement company.
Mr. Ellison has been CEO of Lowe's since joining the company in July 2018. Previously, he served as CEO of J.C. Penney Co.
Write to Matt Grossman at firstname.lastname@example.org
(END) Dow Jones Newswires