Sears Names Cosby to Head Full-Line Stores

Sears, Roebuck and Co. has named Mark S. Cosby as president, Full-line stores. Cosby, 43, will lead all aspects of the full-line store organization, including merchandise, operations and supply chain, and will report to Sears Chairman and CEO Alan J. Lacy. His appointment is effective Dec. 1.

Cosby joins Sears from KFC, U.S.A., Louisville, Ky., where he was chief operating officer since 2000, leading company and franchise operations for a 5,300-unit restaurant chain. Prior to that, he was chief development officer for Tricon Global Restaurants, Inc., heading development and execution of a business strategy for 17,000 KFC, Taco Bell and Pizza Hut restaurants since 1997. Earlier, Cosby held a series of senior executive positions with KFC/PepsiCo, after joining PepsiCo's Taco Bell division in 1988. He holds a bachelor's degree and an MBA from the University of Wisconsin.

"Mark's appointment fulfills my objective to bring all aspects of the full-line stores under the leadership of a dynamic and experienced executive with proven successes in strategy and operations at leading national, consumer-driven companies," Lacy said.

Sears, Roebuck and Co. (NYSE: S) is a broadline retailer with significant service and credit businesses. In 2001, the company's annual revenue was more than $41 billion. The company offers its wide range of apparel, home and automotive products and services to families in the U.S. through Sears stores nationwide, including approximately 870 full-line stores. Sears also offers a variety of merchandise and services through its Web site, . In June 2002, Sears acquired Lands' End, a direct merchant of traditionally styled, classic Lands' End clothing offered to customers around the world through regular mailings of its specialty catalogs and online at .

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SOURCE: Sears, Roebuck and Co.

CONTACT: Janice R. Drummond of Sears, Roebuck and Co., +1-847-286-8316

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