Lowe's 1997 Annual Report Download - page 16

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Lowe’s Board of Directors
William A. Andres John M. Belk Carol A. Farmer Paul Fulton
Leonard G. Herring Claudine B. M alone Robert G. Schw artz Robert L. Strickland
Robert L. Tillman Leonard L. Berry, Ph.D. Peter C. Brow ning
James F. Halpin Richard K. Lochridge
Robert L. Tillman, Chairman
Director since 1994, age 54. Chairman of the Board since January 1998, President and Chief Executive Officer since August 1996,
having previously served as Senior Executive Vice President and Chief Operating Officer (1994-July 1996) and Executive Vice
President – Merchandising (1991-1994), Chairman of Executive Committee of the Company. Other directorships: International
Mass Retail Association, Arlington, Va., since 1996.
William A. Andres
Director since 1986, age 71. Chairman of Governance Committee, Member of Compensation Committee and Executive Commit-
tee of the Company. Previously Chairman of the Board and Chief Executive Officer (1976-1983), Chairman of Executive Committee
(1983-1985) of Dayton Hudson Corporation (Retail Chain), Minneapolis, Minn. (Mr. Andres retired in September 1985.)
John M. Belk
Director since 1986, age 78. Chairman of Audit Committee, Member of Governance Committee of the Company. Chairman of
the Board, Belk Stores Services, Inc. (Retail Department Stores), Charlotte, N.C., since 1980. Other directorships: Coca-Cola Bottling
Company Consolidated, Charlotte, N.C., since 1972; Chaparral Steel, Midlothian, Tex., since 1987.
Leonard L. Berry, Ph.D.
Director since 1998, age 55. Member of Audit Committee and Governance Committee of the Company. Professor of Marketing,
Holder of the J.C. Penney Chair in Retailing Studies, and Director of the Center of Retailing Studies, Texas A&M University, College
Station, Tex., since 1982. Other directorships: CompUSA Inc., Dallas, Tex., since 1993; Hastings Entertainment, Inc., Amarillo, Tex.,
since 1994; Council of Better Business Bureaus (Public Member), Arlington, Va., since 1995.
Peter C. Browning
Director since 1998, age 56. Member of Compensation Committee and Governance Committee of the Company. President and
Chief Operating Officer, Sonoco Products Company (Global Packaging Company), Hartsville, S.C., since 1996 having previously
served as Executive Vice-President (1993-1996) of that company; Director since 1995. Other directorships: Phoenix Home Life
Mutual Ins. Co., Hartford, Conn., since 1989; Wachovia Corporation, Winston-Salem, N.C. since 1997.
Carol A. Farmer
Director since 1994, age 53. Member of Compensation Committee and Governance Committee of the Company. President, Carol
Farmer Associates, Inc. (Trend Forecasting and Consulting), Boca Raton, Fla., since 1985. Other directorships: The Sports Authority,
Inc., Ft. Lauderdale, Fla., since 1995.
Paul Fulton
Director since 1996, age 63. Member of Compensation Committee and Governance Committee of the Company. Chairman and
Chief Executive Officer, Bassett Furniture Industries, Bassett, Va., since 1997; Director since 1993. Dean, Kenan-Flagler Business
School, University of North Carolina, Chapel Hill, N.C., 1994-1997. President, Sara Lee Corporation (Manufacturer and Marketer of
Consumer Products), Chicago, Ill., 1988-1993. Other directorships: Sonoco Products Company, Hartsville, S.C., since 1989;
NationsBank Corporation, Charlotte, N.C., since 1993; The Cato Corporation, Charlotte, N.C., since 1994; Hudson Bay Company,
Toronto, Ontario, since 1997.
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