Summary
Lowe's Companies, Inc. (LOW) announced on October 23, 2019, that its Senior Vice President and Chief Accounting Officer, Matthew V. Hollifield, will be retiring. Mr. Hollifield is expected to remain with the company in his current role until December 13, 2019, and will then transition to a consulting role through February 2020. This planned transition provides a period for knowledge transfer and ensures continuity in financial reporting and accounting matters.
Key Highlights
- 1Matthew V. Hollifield, Senior Vice President and Chief Accounting Officer, announced his retirement.
- 2Mr. Hollifield will remain with Lowe's until December 13, 2019.
- 3Post-retirement, Mr. Hollifield will provide consulting services to the Company through February 2020.
- 4Mr. Hollifield's retirement is not due to any disagreements regarding the Company's financial reporting or accounting practices.
- 5The company has planned for a transition period to ensure operational continuity.