MOORESVILLE, N.C. — Lowe’s has announced that Richard Dreiling has joined its board of directors. He will serve on the board’s audit and governance committees. The announcement brings Lowe’s board of directors to 12 members, 11 of whom are independent.
Dreiling is chairman and CEO of Dollar General, a position he has held since 2008. He led Dollar General’s re-emergence as a public company in 2009 through a successful initial public offering on the New York Stock Exchange. Dreiling has extensive retail experience, having served as chairman and CEO of Duane Reade Holdings Inc.; EVP and COO of Longs Drug Stores Corp.; EVP marketing, manufacturing and distribution for Safeway Inc.; and president of Vons, a food and drug division of Safeway in Southern California.
Dollar General benefitted greatly from a more cautious consumer environment in 2011, and is on track to continue that success this year. Lowe's will no doubt hope it can capture some o