Sears Elects Yzaguirre to Board

The board of directors of Sears, Roebuck and Co. (NYSE: S) today announced the election of Raul Yzaguirre, 61, president and chief executive officer of the National Council of LaRaza (NCLR), to membership on Sears board of directors. His election increases the number of Sears directors to 11.

"Raul Yzaguirre's experienced leadership will bring a valued perspective to the business opportunities and public policy issues we face today," said Sears Chairman and Chief Executive Officer Alan J. Lacy.

Since joining NCLR in 1974, Yzaguirre has spearheaded its emergence as the most influential and respected Hispanic organization in the United States. NCLR is a private, nonprofit, nonpartisan organization established in 1968 to improve life opportunities for Hispanic Americans. It is the largest constituency-based national Hispanic organization, serving all Hispanic nationality groups in all regions of the country.

Prior to joining NCLR, Yzaguirre founded Inter-American Research Associates, the first and largest Hispanic management consulting group in the country. He also served as chairman of Associated Southwest Investors (ASI), an investment corporation supporting minority enterprise and small businesses.

Yzaguirre is a past chairperson of the Independent Sector, a nonprofit coalition of more than 850 corporate, foundation and voluntary organizations. He serves on the boards of directors of the Council of Better Business Bureaus, Inc., AARP Services, Inc., the Enterprise Foundation, the National Democratic Institute, the Hispanic Association for Corporate Responsibility, and the Salvation Army and also serves on the Visiting Committee for the John F. Kennedy School of Government at Harvard University. He is a graduate of George Washington University.

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 across the country through approximately 860 full-line department stores, more than 2,100 specialized retail locations, and a variety of online offerings accessible through the company's Web site, .


SOURCE: Sears, Roebuck and Co.

Contact: Linda Brown Blakley of Sears, Roebuck and Co., 847-286-8862


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