OPERATIONS

Health insurance executive joins Lowe’s board

BY Gina Acosta

Lowe's has appointed an executive of the health insurance industry to its board of directors.

The retailer said that its board of directors has appointed Bertram L. Scott, 65, to the board, effective immediately. The announcement brings Lowe's board of directors to 12 members, 11 of whom are independent.

"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 A. Niblock, Lowe's chairman, president and CEO.

Bertram brings to the board a wealth of senior leadership experience, having served as senior vice president of Population Health and Value Based Care at Novant Health since 2015 and as president, CEO and director of the Affinity Health Plan from 2012 to 2014. Bertram was president, U.S. Commercial of CIGNA Corporation and served as executive vice president of TIAA-CREF for ten 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.

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

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OPERATIONS

Target co-founder Bruce Dayton dies

BY Gina Acosta

Bruce Dayton, the father of Minnesota's governor and a key figure, along with his four brothers, in building the massive retailing business that became Target Corp., has died. Dayton, 97 and the last of the brothers to die, also launched the B. Dalton bookstore chain in 1966, the Star Tribune reported. [Star Tribune]

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OPERATIONS

Former P&G exec named to Target board

BY Gina Acosta

Target's board of directors has added a former executive of the retailer's largest supplier.

The board announced it has elected Melanie Healey, former group president, North America, of the Procter & Gamble Company, as a new director, effective immediately.

“Mel brings to Target’s board more than 30 years of CPG experience and a passion for improving the lives of consumers around the world. She has a track record of delivering growth, driving operational improvements and launching successful product innovations for globally recognized brands. She also has a history of building wellness brands, which will provide an important perspective as Target continues to elevate wellness as one of our signature categories,” said Brian Cornell, chairman and CEO of Target.

Healey, 54, spent more than 25 years at P&G. During her tenure, she worked in Brazil, Mexico, Venezuela and the United States, most recently as group president and advisor to the chairman and chief executive officer, from January 2015 until July 2015 and as group president, North America, from 2009 until December 2014.

Her history at the company includes a variety of leadership roles in marketing and in the health and personal care businesses, including group president, global feminine and health care. Prior to P&G, Healey held positions at S.C. Johnson & Sons and Johnson & Johnson.

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