Sears Public Relations And Communications
Sears Holdings' Collins Assumes Chief Financial Officer Role and Company Names New Treasurer
Michael D. Collins becomes Chief Financial Officer and Fred Jasser becomes
HOFFMAN ESTATES, Ill., Dec. 4 /PRNewswire-FirstCall/ -- Sears Holdings
Corporation (Nasdaq: SHLD) announced that effective immediately, Michael D.
Collins, previously Senior Vice President, Finance will begin serving as
the company's Chief Financial Officer. On October 13, 2008, Sears Holdings
named Collins to succeed J. Miles Reidy who will be leaving the company
before the end of the fiscal year. "Mike has really hit the ground running
and his transition work with Miles has exceeded our expectations," said
Bruce Johnson, interim CEO and President. "I'd like to thank Miles for his
continued leadership and assistance in facilitating that transition."
The company also announced today, that Fred Jasser has been named Sears
Holdings' Vice President and Treasurer reporting to Sears Holdings' Senior
Vice President, Controller and Chief Accounting Officer, William K. Phelan.
Jasser most recently served as Vice President, Investment Banking Division
for Goldman Sachs & Co. Collins noted, "Fred's diverse financial experience
working with numerous companies in the retail, consumer products and
business and financial services industries will help the company achieve
our financial priorities."
About Sears Holdings Corporation:
Sears Holdings Corporation is the nation's fourth largest broadline
retailer, with approximately $50 billion in annual revenues, and with
approximately 3,800 full-line and specialty retail stores in the United
States and Canada. Sears Holdings is the leading home appliance retailer as
well as a leader in tools, lawn and garden, home electronics and automotive
repair and maintenance. Key proprietary brands include Kenmore, Craftsman
and DieHard, and a broad apparel offering, including such well-known labels
as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and
Covington brands. It also has Martha Stewart Everyday products, which are
offered exclusively in the U.S. by Kmart and in Canada by Sears Canada. The
Company is the nation's largest provider of home services, with more than
13 million service calls made annually. For more information, visit Sears
Holdings' website at http://www.searsholdings.com.
SOURCE Sears Holdings Corporation
Web site: http://www.searsholdings.com/
CONTACT: Sears Holdings Public Relations, +1-847-286-8371