Long-time Lowe's exec to retire in March

MOORESVILLE, N.C. Lowe’s announced that long-time merchandising and operations executive Charles “Nick” Canter will retire March 4, 2011, following a 36-year career with the company.

Canter has served as executive vice president, merchandising since 2006. He began his career at Lowe’s in 1974 and has held numerous leadership roles, including more than 30 years in store operations.

“Nick has been a true leader and innovator at virtually every level of store operations and merchandising during his career,” said Robert Niblock, chairman and CEO. “Everyone in the Lowe’s family thanks Nick for his vision, service and passion for excellence, and we wish him much success and happiness during retirement.”

In order to ensure a smooth transition, the company said it will announce Canter’s replacement prior to the end of the fiscal year.