Sears Holdings Corporation (NASDAQ: SHLD) announced today that John W. Froman will join the company's executive team as senior vice president and president -- Tools and Lawn & Garden.
Froman was most recently with Namco, LLC, a regional chain of family recreation superstores, where he served as chief executive officer for two years. Prior to Namco, LLC, he spent 19 years at Circuit City Stores, Inc., where he served as executive vice president and chief operating officer for four years. In that capacity, he directed all store operations, distribution, product service, real estate, construction, store design, store services, loss prevention, procurement and corporate operations.
"John's wealth of retail experience and demonstrated success in retail operations, merchandising, and strategic planning will help us operate the Tools and Lawn and Garden businesses more efficiently and effectively," said Bruce Johnson, Interim CEO and president of Sears Holdings. "John will also enable our company to be more responsive and competitive in this industry, as he has a strong record of developing and implementing key initiatives that drive shareholder value and build customer relationships."
Separately, the company promoted Douglas T. Moore to the position of senior vice president and president -- Appliances. Moore started with the company in June 2007 as SVP, Hardlines Merchandising. Prior to Sears Holdings, he spent 17 years at Circuit City Stores, Inc., most recently as EVP/chief merchandising officer. He also served in senior leadership positions within sales, operations and installation at Circuit City. Moore holds a Masters degree from the University of Virginia.
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:
SOURCE: Sears Holdings Corporation
CONTACT: Sears Public Relations and Communications, +1-847-286-8371
Web site: http://www.searsholdings.com/