Sears Holdings' Collins Assumes Chief Financial Officer Role and Company Names New Treasurer
Michael D. Collins becomes Chief Financial Officer and Fred Jasser becomes Treasurer
Sears Holdings Corporation (NASDAQ: SHLD) announced that effective immediately, Michael D. Collins, previously Senior Vice President, Finance will begin serving as the company's Chief Financial Officer. On October 13, 2008, Sears Holdings named Collins to succeed J. Miles Reidy who will be leaving the company before the end of the fiscal year. "Mike has really hit the ground running and his transition work with Miles has exceeded our expectations," said Bruce Johnson, interim CEO and President. "I'd like to thank Miles for his continued leadership and assistance in facilitating that transition."
The company also announced today, that Fred Jasser has been named Sears Holdings' Vice President and Treasurer reporting to Sears Holdings' Senior Vice President, Controller and Chief Accounting Officer, William K. Phelan. Jasser most recently served as Vice President, Investment Banking Division for Goldman Sachs & Co. Collins noted, "Fred's diverse financial experience working with numerous companies in the retail, consumer products and business and financial services industries will help the company achieve our financial priorities."
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' website at http://www.searsholdings.com/.
First Call Analyst:
FCMN Contact: kregan1@searshc.com
SOURCE: Sears Holdings Corporation
CONTACT: Sears Holdings Public Relations, +1-847-286-8371
Web site: http://www.searsholdings.com/