Lowe's 1997 Annual Report Download - page 17

Petro Kulynych was hired as Lowe’s
first bookkeeper in 1946. Energetic and
dedicated, he worked with Carl Buchan
to establish Lowe’s as an innovative force
in building supply retailing. He grew with
the Company and retired as a managing
director in 1983, remaining on the board as a regular
member until 1997. His outstanding career inspires thou-
sands of Lowe’s employees to this day.
Russell D. Long is one of Louisiana’s
best-known native sons. He served his
state as a U.S. Senator for nearly forty
years, rising through the ranks to chair
the Senate Finance Committee, where
he became the leading Congressional
champion of Employee Stock Ownership Plans. In 1987, he
brought his wisdom and trademark sense of humor to
Lowe’s board of directors. He retired from the board in 1997.
James F. Halpin
Director since 1996, age 47. Member of Compensation Committee, Executive Committee and Governance Committee of the
Company. President and Chief Executive Officer, CompUSA Inc. (Computer Superstores), Dallas, Tex. since 1993; President,
HomeBase (Home Improvement Retail Chain), Irvine, Cal., 1990-1993. Other directorships: Interphase Corporation, Dallas, Tex.,
since 1995; Invincible Technologies Corp., Boston, Mass., since 1995; ToyBiz, Inc., New York, N.Y., since 1995.
Leonard G. Herring
Director since 1956, age 70. President and Chief Executive Officer 1978-July 1996, (Mr. Herring resigned as President and CEO
effective August 1, 1996 and retired as an employee of the Company January 31, 1997), Member of Audit Committee and
Executive Committee of the Company.
Richard K. Lochridge
Director since 1998, age 54. Member of Audit Committee and Governance Committee of the Company. President and Chief
Executive Officer, Lochridge & Company (General Management Consulting Firm), Boston, Mass. since 1986. Other directorships:
Dynatech Corporation, Burlington, Mass., since 1986; Hannaford Brothers Co., Portland, Me., since 1993.
Claudine B. Malone
Director since 1995, age 61. Member of Audit Committee and Governance Committee of the Company. President and Chief
Executive Officer, Financial & Management Consulting, Inc., McLean, Va., since 1984. Other directorships: Chairman, Federal
Reserve Bank, Richmond, Va., since 1996 (Member since 1994); Dell Computer Corporation, Austin, Tex., since 1993; Hannaford
Bros., Scarborough, Me., since 1991; Hasbro, Inc., Pawtucket, R.I., since 1992; Houghton Mifflin, Boston, Mass., since 1982;
LaFarge Corporation, Reston, Va., since 1994; The Limited, Inc., Columbus, Oh., since 1982; Mallinckrodt Group Inc., St. Louis,
Mo., since 1994; SAIC-Science Applications International Corporation, San Diego, Cal., since 1993; Union Pacific Resources
Corporation, Fort Worth, Tex., since 1995.
Robert G. Schwartz
Director since 1973, age 70. Chairman of Compensation Committee, Member of Governance Committee of the Company.
Director of Metropolitan Life Insurance Company, New York, N.Y., since 1980, having previously served as Chairman of the Board
(1983-1993), President and Chief Executive Officer (1989-1993) of that company. (Mr. Schwartz retired in March 1993.) Other
directorships: Potlatch Corporation, Spokane, Wash., since 1973; Comsat Corporation, Bethesda, Md., since 1986; Mobil Corpora-
tion, Fairfax, Va. since 1987; The Reader’s Digest Association, Inc., Pleasantville, N.Y., since 1989; Consolidated Edison Company of
New York, New York, N.Y., since 1989; Lone Star Industries, Inc., Stamford, Conn., since 1994; Ascent Entertainment Group, Inc.,
Denver, Colo., since 1995.
Robert L. Strickland
Director since 1961, age 67. Chairman of the Board 1978-January 1998, (Mr. Strickland retired as an employee of the Company
effective January 30, 1998), Member of Audit Committee and Executive Committee of the Company. Other directorships: Deputy
Chairman, Federal Reserve Bank, Richmond, Va., since 1996; T. Rowe Price Associates, Inc., Baltimore, Md., since 1991; Hannaford
Bros., Scarborough, Me., since 1994.
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