HOFFMAN ESTATES, Ill., June 4, 2012 /PRNewswire/ -- Sears Holdings (NASDAQ: SHLD) announced today that Scott Huckins will join the company as vice president and corporate treasurer. Mr. Huckins comes to Sears Holdings from RSC Holdings where he served as vice president and treasurer, responsible for global treasury, credit and investor relations activities.
"Throughout the course of his career, Scott has led a variety of public and private capital markets activities, worked extensively with private equity investors and served as the lead in managing relationships with banks and ratings agencies on numerous financing transactions. He has also overseen substantial pension plan assets, managed M&A transactions and developed strategic plans and valuation frameworks," said Rob Schriesheim, Sears Holdings' executive vice president, chief financial officer. "This combination of strategic and financial experience complements our continued transformation of Sears Holdings and our strong focus on financial discipline."
Mr. Huckins added, "Sears Holdings has a strong balance sheet and a rich portfolio of assets that ensures it is well positioned to execute on its plan for transformation."
Prior to RSC Holdings, Mr. Huckins spent seven years with Koch Industries, a diversified conglomerate with $90 billion in annual revenue. In his most recent position, he served as President and CEO of Koch Financial Products, LLC, a business with a $2.7 billion credit derivatives portfolio. He previously served as Koch's corporate treasurer overseeing all global treasury activities; and earlier he served as CFO of a wholly-owned Koch Portfolio Company. Prior to Koch, Scott was a vice president of capital markets at FINOVA Capital Corporation where he focused on asset securitizations.
Mr. Huckins holds an MBA from Northwestern University's Kellogg School of Management and a bachelor's degree in Finance from Arizona State University.
About Sears Holdings Corporation
Sears Holdings Corporation is a leading integrated retailer with over 3,900 full-line and specialty retail stores in the United States and Canada and the home of ShopYourWay, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through ShopYourWay.com. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, fitness equipment and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, with a broad apparel offering, including such well-known labels as Lands' End, the Kardashian Kollection, Jaclyn Smith and Joe Boxer, as well as Sofia by Sofia Vergara and The Country Living Home Collection. We are the nation's largest provider of home services, with more than 11 million service calls made annually and have a long-established commitment to those who serve in the military through initiatives like the Heroes at Home program. We have been named the 2011 Mobile Retailer of the Year, Recipient of the 2012 ENERGY STAR® "Corporate Commitment Award" for Product Retailing and Energy Management and one of the Top 20 Best Places to Work for Recent Grads. Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' website at www.searsholdings.com. Twitter: @searsholdings| Facebook: http://www.facebook.com/SHCCareers
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