Sunday, December 15, 2013

Robert A. Niblock: Lowe’s CEO


Robert A. Niblock earned a bachelor’s degree in accounting from the University of North Carolina at Charlotte. Before joining Lowe’s he had a nine year stint with accounting firm Ernst & Young. Robert came on board at Lowes in 1993. He has held a number of key positions such as director of taxation, vice president and treasurer, senior vice president, and executive vice president and chief financial officer. 

Robert was promoted to president in 2003 and held the position till 2006.  He was elected as chairman and CEO of Lowe’s Companies in January 2005. Robert reassumed the title of president in 2011.

He holds a number of positions outside of Lowe’s as well. Robert was elected to the board of directors of ConocoPhillips in 2010 and serves on its audit and finance committee. He is a member and currently serves as secretary of the board of directors of the Retail Industry Leaders Association. Previously he served as the organizations chairman in 2008 and 2009 and vice chairman in 2006 and 2007. Robert is also on the board of directors of BEST NC (Business for Education Success and Transformation in North Carolina).

Robert is in charge of a very large publicly traded corporation. Based on Forbes Magazine ranking Lowe’s is one of the largest corporations in the world. The firm was founded in 1946 and has grown from a small hardware store to the second-largest home improvement retailer worldwide. 

Today Lowe’s runs more than 1,825 stores in the U.S., Canada and Mexico. It serves around 15 million customers each week and employs more than 245,000 people. Its stores stock 12 product categories ranging from appliances to tool, to paint, lumber and nursery products. Lowe’s has 40,000 products in stock, 500,000 items available online at Lowes.com and over 500,000 more products available by Special Order. 

Lowe’s Companies, Inc. has been publicly held since 1961. Its shares trade on the New York Stock Exchange (NYSE). Sales for fiscal year 2012 stood at$50.5 billion and net earnings of $2.0 billion.
Robert leads one of the biggest companies in the world, a job many business executive wished they had.

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