MOORESVILLE, N.C. — The leader of one of the area's largest employers has announced he will be stepping down.
Lowe's Chairman and CEO Robert A. Niblock is retiring.
Niblock, who's worked for the home improvement retailer for 25 years, said the time is right to transition to the next generation of leadership. He will stay in his roles on an interim basis while Lowe's looks for a successor.
Niblock has served as chairman and CEO for 13 years.
Niblock was at the helm during a rocky 2017. Last year, the company laid off more than 3,000 employees, most at the store level. Lowe’s is currently trying to hire more than 5,300 positions for the spring.
Lowe's Cos., based in Mooresville, has more than 2,390 home improvement and hardware stores. Its shares jumped more than 6 percent in early trading Monday.
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Associated Press
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