On January 29, 2016, the board of directors of Lowe's Companies, Inc. elected Sandra B. Cochran, President and Chief Executive Officer of Cracker Barrel Old Country Store, Inc., to the company's board as a director, effective that day, with a term expiring at the company's 2016 annual meeting of shareholders. Concurrent with her election as a director, Ms. Cochran was appointed to the Compensation Committee and the Governance Committee of the board.