Sears Holdings Names Proven Industry Leader to Lead Its Tools Business Unit
HOFFMAN ESTATES, Ill., May 23, 2011 /PRNewswire/ -- Sears Holdings (NASDAQ: SHLD) announced today that Sam Solomon has joined the company as SVP and President of its Tools business. Mr. Solomon is responsible for developing and driving growth and profit opportunities for one of the company's cornerstone businesses. He was recently CEO and President of The Coleman Company, Inc.
"I am delighted to welcome Sam Solomon to the Sears team. Sam is a proven CEO of branded products, with savvy market skills and astute financial acumen. He will serve our customers and our company well," said Lou D'Ambrosio, chief executive officer and president.
"I'm thrilled to be a part of this iconic retailer and have the opportunity to give our customers more reasons to shop our stores and websites every day," said Solomon. "The foundation of our Tools business starts with the leading Craftsman brand, an asset that separates us from the competition."
Mr. Solomon comes to Sears Holdings from The Coleman Company, Inc. where most recently he served as president and chief executive officer since 2007 after being promoted from the chief financial officer role he assumed when he joined the company in 2005. Prior to that, Mr. Solomon served as chief financial officer for SPX Corporation and Kidde plc. He began his career in finance with increasingly senior roles at Procter & Gamble and The Coca-Cola Company.
Mr. Solomon is based at the company's corporate offices in Hoffman Estates, Ill.
About Sears Holdings Corporation
Sears Holdings Corporation is the nation's fourth largest broadline retailer with over 4,000 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, consumer electronics and automotive repair and maintenance. Sears Holdings is the 2011 ENERGY STAR® Retail Partner of the Year. 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 the Country Living collection, which is offered by Sears and Kmart. We are the nation's largest provider of home services, with more than 11 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' website at www.searsholdings.com.
SOURCE Sears Holdings Corporation