Name: Lowe’s CEO Robert Niblock to Retire
Uploaded: 2018-03-26
Duration: 37 s
Description: The search for a replacement is on.

Lowe’s CEO Robert Niblock to Retire

lows. Announced CEO Robert Niblock will retire once they find a replacement, according to CNBC. The company's market shares jumped more than 6% following the announcement, which is the most it's gone up in a year, according to Bloomberg. Niblock served as CEO for 13 years and is stepping down as activist investor D. E. Shaw and Co. Pushes lows to close the gap with Home Depot. CNBC reports Lows has appointed new board members. After the talks with Shaw in January, Shaw commended Niblock for his work at the company, saying he quote leaves lows in excellent condition to execute on the tremendous value creation opportunities ahead of the company.