CONTACT:
Sears Public Relations And Communications
(847) 286-8371
Sears Holdings Names President Home Services Business Unit
Stu Reed to Lead Nation's Largest Provider of Home Services
HOFFMAN ESTATES, Ill., Aug. 21 /PRNewswire-FirstCall/ -- Sears Holdings
Corporation (Nasdaq: SHLD) announced today that Stu Reed joined Sears
Holdings as SVP and president -- Home Services.
Reed was most recently with Motorola, where he served as EVP and
President, Mobile Devices, leading a $20 billion business. Prior to that
role, he led the transformation of Motorola's global supply chain
organization as EVP, Integrated Supply Chain, implementing process
improvements that drove significant cost savings and improved customer
service. He joined Motorola in 2005 after a more than 20 year career at
IBM, where he served in leadership roles in manufacturing, strategy and
systems.
"As part of our new operating model and in an effort to continue to
leverage those businesses that separate us from our competition, we're very
pleased to be able to add a leader with Stu's experience and strong
operational background to our executive team," said Bruce Johnson, Interim
CEO and president of Sears Holdings.
Reed holds a Master of Science degree in management from the
Massachusetts Institute of Technology and was appointed a Sloan Fellow. He
also earned a Bachelor of Arts degree in materials and logistics management
from Michigan State University.
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.
SOURCE Sears Holdings Corporation
Web site: http://www.searsholdings.com
CONTACT: Sears Public Relations and Communications,
+1-847-286-8371
