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Lowe's Companies Inc. (NYSE: LOW), Mooresville, NC, has named David M. Denton executive vice president, chief financial officer. Denton is executive vice president and CFO of CVS Health and will join Lowe's shortly after the closing of the CVS acquisition of Aetna, which is expected in the second half of 2018.
Denton has more than 25 years of finance and operational expertise. He succeeds Marshall A. Croom, whose retirement was announced in June.
The company also announced its second-quarter earnings for the period ending August 3. Sales rose 7 percent to $20.9 billion, and net earnings were $1.5 billion, compared with $1.4 billion in the year-earlier period.