Lowe’s CFO Denton to step down

(Reuters) -Dwelling enchancment chain Lowe’s Cos Inc stated on Friday Chief Monetary Officer David Denton would step all the way down to pursue one other alternative at a publicly traded firm exterior the trade.

Denton joined Lowe’s as CFO in 2018 from CVS Well being Corp, the place he labored for practically 20 years in a number of roles, together with finance chief.

Lowe’s stated Brandon Sink, senior vp of retail finance, will succeed Denton, efficient April 30.

Sink joined Lowe’s in 2010 and has held a wide range of management roles in finance, technique and accounting, the corporate stated.

Lowe’s additionally reaffirmed its full-year monetary outlook.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Modifying by Maju Samuel)