Sears Names Lee To Top Human Resources Post

Sears, Roebuck and Co. (NYSE: S) has named Greg Lee senior vice president, human resources, effective Jan. 1, 2001. Lee, 50, will lead and oversee all human resources-related functions. He will report to Sears President and CEO Alan J. Lacy. Lee succeeds John Sloan, who will leave the company.

Lee will join Sears from Whirlpool Corp., where he was senior vice president, human resources since June 1998. Prior to joining Whirlpool, Lee served in the same capacity for St. Paul Companies, a property and casualty insurance company.

Lee also held a variety of executive human resources positions at PepsiCo, including vice president, human resources for the company's international restaurant businesses and for Frito-Lay.

"Greg is a proven human resources executive whose broad experience with consumer goods and services companies is highly relevant to Sears," Lacy said. "His talents and skills will allow him to make immediate and significant contributions to Sears success."

Sears, Roebuck and Co. is a leading U.S. retailer of apparel, home and automotive products and services, with annual revenue of nearly $40 billion. The company serves families throughout the country through approximately 860 department stores, more than 2,100 specialized retail locations, and a variety of online offerings accessible through the company's Web site, http://www.sears.com/ .

SOURCE: Sears, Roebuck and Co.

Contact: Peggy A. Palter of Sears, Roebuck and Co., 847-286-8361

Website: http://www.sears.com/