LOWE'S COMPANIES, INC.

(LOW)
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TONY CIOFFI APPOINTED PRESIDENT OF LOWE'S CANADA

01/06/2022 | 03:15pm EDT

BOUCHERVILLE, QC, Jan. 6, 2022 /CNW Telbec/ - Lowe's Canada, one of Canada's leading home improvement retailers operating or servicing over 450 corporate and affiliated stores under different banners, announced today the appointment of Tony Cioffi to the role of President of Lowe's Canada. This announcement follows the appointment of Tony Hurst to the position of Senior Vice President, Pro, Services and International for Lowe's Companies, Inc. Tony Cioffi will report to Tony Hurst in his new role.

"I am extremely proud to have been part of the Canadian team for the past two years and to have the chance to continue working with a talented group of people in my new role," said Tony Hurst, who has been President of Lowe's Canada since January 2020. "I want to thank everyone for all the work they have done, especially in the context of the pandemic. I look forward to working with Tony Cioffi in his new role. He is a very capable leader who will no doubt keep driving excellence for Lowe's Canada."

Tony Cioffi joined Lowe's Canada in 2016 as Senior Vice-President, Finance and GFO (Group Financial Officer). He then served as Interim President before being nominated Senior Vice-President, Stores, a position he held until his nomination as President. Before joining Lowe's Canada, Tony held top leadership roles at ADT Canada and Bell Helicopter Textron Canada and served as President and CEO of the Reader's Digest Association (Canada). He holds a Bachelor of Science from Concordia University and a degree in Accounting from McGill University.

To share this news on social media, please use @Lowe's Canada (LinkedIn) and @LowesCanadaCorp (Twitter).

About Lowe's Canada

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 20 million customers a week in the United States and Canada. With fiscal year 2020 sales of nearly $90 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Boucherville, Quebec, Lowe's Canadian business, together with its wholly owned subsidiary RONA inc., operates or services over 450 corporate and independent affiliate dealer stores in a number of complementary formats under different banners, which include Lowe's, RONA, Reno-Depot, and Dick's Lumber. In Canada, they have more than 26,000 associates, in addition to approximately 5,000 employees in the stores of independent affiliate dealers operating under the RONA banner. For more information, visit lowescanada.ca.

SOURCE Lowe's Canada

© Canada Newswire, source Canada Newswire English

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Financials (USD)
Sales 2023 97 978 M - -
Net income 2023 8 714 M - -
Net Debt 2023 29 720 M - -
P/E ratio 2023 13,6x
Yield 2023 1,80%
Capitalization 120 B 120 B -
EV / Sales 2023 1,53x
EV / Sales 2024 1,54x
Nbr of Employees 300 000
Free-Float 99,0%
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Mean consensus BUY
Number of Analysts 30
Last Close Price 184,62 $
Average target price 249,19 $
Spread / Average Target 35,0%
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Managers and Directors
Marvin R. Ellison Chairman, President & Chief Executive Officer
Brandon J. Sink Chief Financial Officer & Executive Vice President
Seemantini Godbole Chief Information Officer & Executive VP
Jeff R. Vining Vice President & Associate General Counsel
Ralph Alvarez Independent Director
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