Home improvement giant taps veteran as finance chief

Lowe's Companies has promoted a 20-year company veteran to CFO.



The retailer announced that Marshall A. Croom will succeed Robert F. (Bob) Hull Jr. as chief financial officer, effective March 3. Hull plans to retire after 17 years with the company.



Croom has served as chief risk officer for Lowe’s for the past eight years, with responsibility for providing oversight and direction for the management of all material risks across the company. Prior to leading the risk organization, he held several leadership positions in finance, including senior VP of finance, treasurer and assistant treasurer, including responsibility for investor relations and tax.



In addition, he served for three years as senior VP of merchandising and store operations support. Croom joined Lowe's in 1997, following a successful 11-year career with Ernst & Young, including two years in the firm's national tax department.