Lowe’s Canada CEO Sylvain Prud’homme retires

The CEO of Lowe's Canada, Sylvain Prud'homme (55), has taken retirement and left the company. Until a successor is appointed, his responsibilities will be discharged by Tony Cioffi, executive vice-president of finance, real estate and dealers. Prud'homme became the president of Lowe's Canada in 2013. Under his stewardship the US home improvement chain acquired its Canadian competitor Rona in 2016 and also appointed him CEO. Since 2017 Prud'homme had also been responsible as international president for the stores in Mexico. However, Lowe's has closed all of these during this year. "After more than 35 years in the retail industry in roles that have taken me across the country, including six years with Lowe's Canada, it is with mixed feelings that I am announcing my retirement," Prud'homme said in a news release.