Lowe’s Companies, Inc., recently appointed a former Krispy Kreme CEO and current chairman to the home improvement retailer’s board of directors.
The new Lowe’s board member is James H. Morgan, 67. The announcement brings Lowe’s board of directors up to 12 members, according to a press release.
Morgan served as Krispy Kreme CEO from 2008 to 2014, on its board of directors since 2000 and as its chairman since 2005. He has extensive experience in the financial services area, having served as chairman and CEO of Wachovia Securities, Inc., and as chairman and CEO of investment banking and brokerage firm Interstate/Johnson Lane. He also serves on the board of directors for Coca-Cola Bottling Co. Consolidated, the nation’s second largest Coca-Cola bottler, the press release says.
“With his career in publicly held retail, consumer products and financial services companies, Jim brings deep and relevant experience to our board,” Robert A. Niblock, Lowe’s chairman, president and CEO, says in the press release. “Jim will be a valuable resource as we continue our transformation to an omnichannel home improvement company focused on differentiating through exceptional customer experiences.”
To read the press release, click here.