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Lowe's CFO to retire

Home improvement retailer Lowe's Cos. Inc. on June 4 said CFO Marshall Croom will retire from the company, effective Oct. 5.

Croom, who has been with Lowe's for 21 years, will continue as CFO until a successor is appointed. He will then remain with the retailer until his retirement date.

Lowe's has hired an executive search firm to assist in the external search for its next CFO.