Lowe's has announced that its president and chief operating officer Larry Stone will retire on June 2 after 42 years with the company.
Mr Stone has served in virtually every leadership position within store operations, merchandising and store environment during his career, said Lowe's. He has been president and chief operating officer since 2006.

Chairman and ceo Robert Larry said: "After more than four decades of commitment and dedication to the company he truly loves, we knew the day would come when Larry retires and begins the next chapter in his life. He has made many important and lasting contributions to Lowe's during his career. It would be an understatement to say he will be missed."

The company says it does not plan to fill the president and chief operating officer position after Mr Stone's retirement.