Lowe

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The company’s board has established the position of lead naming O. Temple Sloan to the Sloan is chief executiveof , a Raleigh distributor of automotive-replacementg parts. He has been an independen directorof Lowe’s since 2004 and chair s the board’s governance He’s also a member of the audit and executivs committees. The board will elect a lead directore annually. In addition, Lowe’s has amended its bylaws to allowq shareholders with more than 50 percent ofthe company’ss outstanding voting shares to call a special meeting of The company also will limit to six the number of public-companyu boards on which a Lowe’s director may serve.
In a relaterd development, the company has appointe d S. Thomas Moser, 61, to its board of He was also appointed tothe board’se governance and audit committees. Moser was vice chairmanh of , the U.S. member firm of , from 1998 untiol his retirementin February. Lowe’ board has 12 members, 11 of whom are independeny directors. Mooresville-based Lowe’s (NYSE:LOW) operates more than 1,575 home-improvementf stores in the Unitedx Statesand Canada.