Sears Holdings Corporation (NASDAQ: SHLD) announced today the election of Kevin B. Rollins, 55, former president and chief executive officer of Dell, Inc. and currently a senior adviser to the private investment firm TPG Capital, L.P. (formerly Texas Pacific Group), to membership on the Sears Holdings board. His election increases the number of Sears Holdings' directors to 8.
"Kevin Rollins is an accomplished businessman whose experience leading a company in Fortune's top 50 will be invaluable as we continue to implement Sears Holdings' revised organizational and internal management structure. The Board of Directors looks forward to his advice and contributions," said Sears Holdings Corporation Chairman Edward S. Lampert.
Along with his duties as CEO of Dell, Mr. Rollins was a member of the company's board of directors, through January 2007. He then served as a senior advisor to the company until his retirement in May of last year. During his 11 year career with the company, Mr. Rollins also served as Vice Chairman and as the head of Dell Americas. Prior to his time at Dell, Mr. Rollins worked at Bain & Company, most recently serving as a director and partner.
Mr. Rollins also serves on the board of Avaya Inc. and is a member of the President's Leadership Council and the Marriott School National Advisory Council at Brigham Young University, where he founded and continues to sponsor the Rollins Center for E-Commerce.
He also serves as Vice Chairman of the Board of the American Enterprise Institute in Washington DC.
About Sears Holdings Corporation
Sears Holdings Corporation is the nation's fourth largest broadline retailer with over $50 billion in annual revenues and 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/.
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SOURCE: Sears Holdings Corporation
CONTACT: Sears Holdings Public Relations, +1-847-286-8371
Web site: http://www.searsholdings.com/