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Sears Holdings Names Chief Information Officer and President of Home Electronics Business Unit

Sears Public Relations And Communications
(847) 286-8371

Sears Holdings Names Chief Information Officer and President of Home Electronics Business Unit

    Timothy Kasbe is new CIO. Karen Austin becomes president, Home

    HOFFMAN ESTATES, Ill., Feb. 3 /PRNewswire-FirstCall/ -- Sears Holdings
Corporation (Nasdaq: SHLD) announced that Timothy Kasbe will be joining the
company as senior vice president and Chief Information Officer. In this
role, he will provide leadership and guidance for the company's information
technology (IT) initiatives.

    "Timothy brings to the company over 20 years of experience creating and
delivering global IT strategies and solutions within the retail, banking
and telecom industries. I'm confident he will take the team to a new level
while effectively building on the work that has been underway in the IT
organization," said Bruce Johnson, interim CEO and president.

    Prior to Sears Holdings, Kasbe served as Chief Information Officer at
Reliance Retail Ltd. (RRL), a subsidiary of Reliance Industries Ltd. RRL is
a startup retail chain in India, that in the past two years has opened 978
stores and 79 distribution centers for 14 different formats including;
supermarkets, specialty and convenience stores. Before joining RRL, he
spent over 10 years at IBM holding many global leadership roles which
involved leading the IBM PC Company reengineering initiative, the launch of, the startup of B2B e-Commerce and working with retailers around
the world. He held international positions for Andersen Consulting and
Westpac Banking Corporation. Kasbe earned an MBA from Duke University's
Fuqua School of Business and holds a bachelor's degree in theology from
Moore College, Sydney University, Australia and in computer science from
Institute of Technology in Madras, India.

    The company also announced that effective immediately, Karen A. Austin
will begin serving as president of the company's Home Electronics business
unit. She had previously served as Chief Information Officer for Sears
Holdings since March 2005.

    "As part of our new operating model and to grow those businesses in
which we can differentiate ourselves from the competition, we're pleased to
be able to leverage a leader with Karen's diverse experience. She drove
strong results in our IT organization with a keen focus on our customers
and will bring that same discipline to her new role. In the short term,
Karen will work with Timothy to facilitate a seamless transition of our IT
organization," added Johnson.

    Prior to the merger of Sears and Kmart, for over 20 years, Austin
served in several IT leadership positions, including senior vice president
and Chief Information Officer of Kmart, a position she held from April 2002
to March 2005. She also served as interim Chief Marketing Officer for the
company in 2003. Before joining Kmart, she held various information
technology positions for The Timken Company and for Central Mutual
Insurance Company in Ohio. Austin graduated from Tri-State University in
Angola, Ind., with a bachelor's degree in computer science.

    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' Web site at

SOURCE Sears Holdings Corporation

Web site:

CONTACT: Sears Holdings Public Relations, +1-847-286-8371
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