Sears Appoints White as Vice President of Investor Relations

Sears, Roebuck and Co. (NYSE: S) has named Pamela J. White vice president of Investor Relations, effective March 13, 2002. In her new post, White will report to Paul J. Liska, Sears executive vice president and chief financial officer.

White, 39, is returning to Sears, where she served as director of finance for the men's and children's apparel businesses from 1997 to 1999. Since leaving Sears, she has served in senior finance and strategy positions at the Old Navy division of Gap, Inc. She is a graduate of Florida A&M University and received her MBA degree from Duke University.

White will direct all investor relations activities, including managing relationships with key members of the external financial community such as Wall Street analysts and Sears' large institutional shareholders.

"Pam will serve a critical function keeping Wall Street informed as we continue to improve the strategic positioning and profitability of our company," said Liska. "Her extensive experience in finance and the retail industry will be tremendous asset to Sears Investor Relations."

White succeeds Richard F. Westenberger, 33, who has been appointed to vice president of Finance for Sears hardlines group.

Sears, Roebuck and Co. is a leading U.S. retailer of apparel, home and automotive products and services, with annual revenue of more than $40 billion. The company serves families in the U.S. through Sears stores nationwide, including approximately 870 full-line stores. Sears also offers a wide variety of online offerings accessible through its Web site, . The company makes available by phone a recorded message on sales performance of its domestic stores. The message is updated weekly and can be heard by calling (847) 286-6111.


SOURCE: Sears, Roebuck and Co.

Contact: Peggy A. Palter of Sears, Roebuck and Co., +1-847-286-8361


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