Health insurance executive joins Lowe's board

Lowe's has appointed an executive of the health insurance industry to its board of directors.



The retailer said that its board of directors has appointed Bertram L. Scott, 65, to the board, effective immediately. The announcement brings Lowe's board of directors to 12 members, 11 of whom are independent.



"With his leadership, strategy and integration experience, Bertram will provide valuable perspective as Lowe's continues to transition from a home improvement retailer to an omni-channel home improvement company," said Robert A. Niblock, Lowe's chairman, president and CEO.



Bertram brings to the board a wealth of senior leadership experience, having served as senior vice president of Population Health and Value Based Care at Novant Health since 2015 and as president, CEO and director of the Affinity Health Plan from 2012 to 2014. Bertram was president, U.S. Commercial of CIGNA Corporation and served as executive vice president of TIAA-CREF for ten years and as president and CEO of TIAA-CREF Life Insurance Company from 2000 to 2007. He presently serves on the boards of Becton, Dickinson and Company and AXA Financial, Inc.



Scott will serve on the Audit and Governance committees. He will stand for election at Lowe's 2016 annual meeting of shareholders.