Sears Holdings Announces Presidents of Key Business Units

Bill Jackson to lead Automotive

Daniel "Hugo" Malan to lead Fitness and Sporting Goods

Sears Holdings Corporation (NASDAQ: SHLD) announced today that Bill Jackson will join the company as SVP and president - Automotive. He will be responsible for the oversight, leadership and strategic growth of the company's automotive business, both in-store and online.

Jackson most recently served as leader of the Global Automotive, Transportation and Industrials Practice for Booz & Company. During his 20 plus years at the firm, he held numerous senior leadership roles and helped lead major turnarounds and mergers with industrials, automotive and aftermarket suppliers and consumer product companies. Jackson also served on the Board of Directors for both Booz Allen Hamilton and Booz & Company. Prior to Booz & Company, he was an engineer at General Dynamics leading technology development programs for future fighter aircraft.

"Bill brings to our company a wealth of automotive industry experience. With his proven leadership record, I am confident he will build upon our strategy of creating lasting relationships with customers by empowering them to manage their lives," said Bruce Johnson, Interim CEO and president of Sears Holdings.

Jackson earned an MBA from the University of Chicago, Booth School of Business. He also holds master's and bachelor's degrees in mechanical engineering from the University of Illinois at Urbana-Champaign.

Earlier in the month, Hugo Malan joined the company as SVP and president, Fitness and Sporting Goods. Malan most recently served as Managing Director, Barclays Capital. "Sears is America's number one fitness retailer. As we continue to leverage those businesses that distinguish us from our competition, we established a Fitness and Sporting Goods business unit," added Johnson. "Hugo's experience at developing and executing new market growth strategies, optimizing resource allocation and strong leadership skills made him a great addition to our executive team."

Malan earned a Ph.D. from University of Cambridge, UK in electrical and electronic engineering. He also holds master's and bachelor's degrees in electrical and electronic engineering from University of Stellenbosch, South Africa.

About Sears Holdings Corporation:

Sears Holdings Corporation is the nation's fourth largest broadline retailer with approximately 3,900 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. We are the nation's largest provider of home services, with more than 12 million service calls made annually. Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' Web site at

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SOURCE: Sears Holdings Corporation

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

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