Lowe's names Krispy Kreme CEO to board

Lowe's board announced the appointment of James Morgan to the company's board, effective immediately. His appointment brings the Lowe's board to 12 members.

Morgan is currently chairman of Krispy Kreme, serving as the chain's CEO since 2008, on its board since 2000 and as chairman since 2005. He also has experience in financial service, having served as chairman and CEO of Wachovia Securities and Interstate/Johnson Lane. He also serves on Coca-Cola's  board.

"With his career in publicly held retail, consumer products and financial services companies, Jim brings deep and relevant experience to our board," Robert Niblock, Lowe's chairman, president and CEO, said in a statement. "Jim will be a valuable resource as we continue our transformation to an omnichannel home improvement company focused on differentiating through exceptional customer experiences. The board and I look forward to working with him." Press release