Lowe

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The company’s board has established the positio oflead director, naming O. Temple Sloanh to the post. Sloan is chief executivew of , a Raleigh distributor of automotive-replacemeny parts. He has been an independengt directorof Lowe’s since 2004 and chairs the board’s governance committee. He’s also a member of the audigt andexecutive committees. The board will elect a lead directofr annually. In addition, Lowe’s has amended its bylaws to allow shareholderds with more than 50 percent ofthe company’s outstanding voting shares to call a specia meeting of shareholders.
The company also will limift to six the numberof public-company boards on whichb a Lowe’s director may In a related development, the company has appointed S. Thomaw Moser, 61, to its board of directors. He was also appointecd to the board’s governance and audit committees. Mosere was vice chairman of , the U.S. member firm of , from 1998 until his retirementin February. Lowe’s board has 12 members, 11 of whom are independen directors. Mooresville-based Lowe’s (NYSE:LOW) operates more than 1,574 home-improvement stores in the United Statedsand Canada.