Lowe's names a new director

The board of directors at Lowe's Companies, Inc. has brought on Bertram Scott as its 12th member.

Scott will serve on the Audit and Governance committees. He will also stand for election at Lowe's 2016 annual meeting of shareholders.

"With his leadership, strategy and integration experience, Bertram will provide valuable perspective as Lowe's continues to transition from a home improvement retailer to an omni-channel home improvement company," said Robert Niblock, Lowe's chairman, president and CEO.

Scott is currently senior VP of Population Health and Value Based Care at Novant Health. Prior to that, from 2012 to 2014, he was president, CEO and director of the Affinity Health Plan.

He was also previously president, U.S. Commercial of CIGNA Corporation and served as executive VP of TIAA-CREF for 10 years and as president and CEO of TIAA-CREF Life Insurance Company from 2000 to 2007. 

He presently serves on the boards of Becton, Dickinson and Company and AXA Financial, Inc.