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Press release from Business Wire

José Luis Pier Joins Lowe's as President/General Director of Lowe's Mexico

Thursday, March 07, 2013

José Luis Pier Joins Lowe's as President/General Director of Lowe's Mexico11:05 EST Thursday, March 07, 2013 MOORESVILLE, N.C. (Business Wire) -- Lowe's Companies, Inc. (NYSE: LOW) announced today that José Luis Pier Castelló will join the company as president/general director of Lowe's Mexico, effective March 15, 2013. He replaces Francisco Fernandez, who has left the company. Pier Castelló will report to William D. (Doug) Robinson, head of international operations and development. “José Luis has more than 19 years of experience in both store operations and retail strategy with multi-national companies. His demonstrated leadership and retail expertise make him an outstanding fit for the Lowe's Mexico operation as it continues to grow to best serve the needs of Mexican consumers,” said Robinson. Pier Castelló has served in leadership roles with retailers such as 7-Eleven Mexico, where he was chief operating officer, supermarket chain Supermercados Internacionales H.E.B., and Wal-Mart Mexico. Pier Castelló has a degree in business administration from the Instituto Tecnológico y de Estudios Superiores de Monterrey and diplomas in marketing, finance and family education. “During his time with Lowe's, Francisco helped us develop operations from the ground up in Monterrey. We thank him for his leadership and service, and wish him the very best in the next phase of his career,” Robinson added. Lowe's entered the home improvement business in Mexico when it opened stores in Monterrey in 2010. Today, the company has five stores located in Monterrey, Saltillo, Hermosillo and Culiacan. With fiscal year 2012 sales of $50.5 billion, Lowe's Companies, Inc. is a FORTUNE® 100 company that serves approximately 15 million customers a week at more than 1,750 home improvement stores in the United States, Canada and Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe's is the second-largest home improvement retailer in the world. For more information, visit Lowes.com. Lowe?s Companies, Inc.Media:Julie Yenichek, 704-758-4364Julie.v.yenichek@lowes.comorInvestors:Tiffany Mason, 704-758-2033tiffany.l.mason@lowes.com