Hoffman Estates, Ill. — W. Bruce Johnson, CEO and president of Sears Hometown and Outlet Stores, Inc., by mutual agreement with the company’s board of directors, will step down on August 1, 2015, the end of the company’s second fiscal quarter. He will continue to serve on the board until May 27, 2015.
The board has commenced a search for a new chief executive officer and is evaluating external and internal candidates.
Johnson has been a director and CEO and president of the company since July 2012. He served in various capacities as executive vice president of Sears Holdings Corporation from February 2011 until July 2012. He served as Sears Holdings’ interim CEO and president from February 2008 to February 2011 and as a member of the board of directors of Sears Holdings from May 2010 to May 2011. He previously served as Sears Holdings’ executive vice president, supply chain and operations since the merger of Sears, Roebuck and Co. and Kmart Holding Corporation in 2005.
Sears Hometown and Outlet Stores, Inc. is a national retailer with approximately 1,260 stores across all 50 states as well as in Puerto Rico and Bermuda.
SOURCE: Sears Hometown and Outlet Stores, Inc.