Lowe's CFO Marshall Croom announces plans to retire after about a year in the role

Lowe’s Companies LOW, +0.86% announced Monday that Chief Financial Officer Marshall will retire, effective Oct. 5, after a little over a year in the role, and 21 years at the company. Croom had become CFO of the home improvement retailer in March 2017, after joining the company in 1997. The company is conducting an external search for its next CFO. Lowe’s stock was still inactive in premarket trade. It has rallied 19.5% over the past 12 months, while rival Home Depot Inc.’s stock HD, +0.43% has climbed 20.6%, the SPDR S&P Retail ETF XRT, +0.54% has gained 12.9% and the Dow Jones Industrial Average DJIA, +0.90% has advanced 16.2%.

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