Sylvain Prud'homme announces his retirement from Lowe's Canada
Tony Cioffi, Executive Vice-President, Finance, Real Estate and Dealers to act as interim president
Boucherville, QC – October 4, 2019 – Lowe’s Canada, one of Canada’s leading home improvement retailers operating or servicing more than 600 corporate and affiliated stores under different banners, announces that Sylvain Prud’homme, President of Lowe’s Canada, announced his retirement from the company. Pending his permanent replacement, Tony Cioffi, Executive Vice-President, Finance, Real Estate and Dealers, will be acting as interim president.
“After more than 35 years in the retail industry in roles that have taken me across the country, including six years with Lowe’s Canada, it is with mixed feelings that I am announcing my retirement. We have accomplished a lot over the last several years, and I feel that the time is right for me to spend more time with my wife and family and hand over the reins of the company. I feel blessed to have had this opportunity and thank all Lowe’s Canada associates for their hard work for the organization. I also wish to thank the management of Lowe’s Companies, Inc. who has supported me over the years, as well as the members of the Board of Directors,” said Sylvain Prud’homme.
“I want to thank Sylvain for his dedication throughout the years. Sylvain led the company through several phases of its growth and showed great leadership along the way. We remain confident in the long-term potential of our Canadian business and count on Tony and the entire Canadian team to continue serving our customers with the same focus and engagement,” said Lowe's Companies, Inc. Chief Executive Officer Marvin Ellison.
About Lowe’s Canada
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States and Canada. With fiscal year 2018 sales of $71.3 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary, RONA inc., operates or services more than 600 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe’s, RONA, Réno-Dépôt, Ace and Dick’s Lumber. In Canada, the companies have more than 28,000 associates, in addition to approximately 5,000 employees in the stores of independent affiliate dealers operating under the RONA and Ace banners. For more information, visit lowescanada.ca.