Lowe's Companies, Inc. announced that it has appointedDavid H. Batchelder, co-founder of Relational Investors, and Lisa W. Wardell, CEO of Adtalem Global Education, to its board of directors effective March 22, 2018. The company will nominate Batchelder, Wardell and new nominee Brian C. Rogers, chairman of T. Rowe Price Group and its former chief investment officer, for election at Lowe's 2018 Annual Meeting of Shareholders. Batchelder will serve for the duration of his time as a director on the board's compensation committee, chaired by Eric C. Wiseman, former chairman and CEO of VF Corporation, and the nominating and governance committee, chaired by Lowe's Lead Director Marshall O. Larsen, former chairman and CEO of Goodrich Corporation. Wardell will serve on the board's audit committee, chaired by Raul Alvarez, chairman of Skylark Co., and the public policy committee, chaired by Angela F. Braly, former chair and CEO of WellPoint, Inc. Rogers' committee appointments will be determined immediately following his election to the board at the 2018 Annual Meeting of Shareholders. Lowe's other independent directors consist of Sandra B. Cochran, president and CEO of Cracker Barrel Old Country Stores; Laurie Z. Douglas, chief information officer and chief security officer of Publix Supermarkets; Richard W. Dreiling, retired chairman and CEO of Dollar General Corporation; Robert L. Johnson, founder and chairman of the RLJ Companies; James H. Morgan, retired chairman and CEO of Krispy Kreme Doughnuts; and Bertram L. Scott, senior vice president of Population Health and Value Based Care at Novant Health. As previously planned under the board's mandatory retirement policy, Robert L. Johnson will not stand for re-election at the 2018 Annual Meeting of Shareholders. Following Johnson's retirement, the Lowe's board will be composed of 13 directors, 12 of whom are independent. Batchelder, was a founder, principal and member of the investment committee at Relational Investors LLC from 1988 to 2015. Rogers, serves as non-executive chair of T. Rowe Price Group, Inc., having retired as chief investment officer of the company in March 2017. Wardell, currently serves as president and chief executive officer of Adtalem Global Education, a role she has held since 2016. Wardell has been a member of Adtalem's board of directors since 2008 and has chaired its audit committee.