Hoffman Estates, Ill. — Sears Holdings Corp. has reached a temporary deal to avoid bankruptcy and keep 425 of its stores open, according to media sources.
edward s lampert
Hoffman Estates, Ill. — Steven T. Mnuchin has informed Sears Holdings Corporation that he has decided to step down from the company’s board of directors, effective immediately. President-elect Donald J. Trump recently announced his intent to nominate Mnuchin as Secretary of the United States Department of Treasury.
Hoffman Estates, Ill. — Sears Holdings has promoted Jason Hollar to chief financial officer, effective immediately. The company previously announced in May that Robert A. Schriesheim would be leaving Sears to focus on his other business interests and pursue other career opportunities.
Hoffman Estates, Ill. — Sears Holdings has hired former Gymboree COO Joelle Maher as president and chief member officer for the Sears format. In this role, Maher will be responsible for developing the Shop Your Way® member-centric business strategy for the Sears format, managing the Sears P&L and aligning merchandising, marketing, pricing and selling with the needs of its members.