Sears Holdings Elects Bruce R. Berkowitz And Alesia J. Haas To Board

HOFFMAN ESTATES, Ill., Feb. 25, 2016 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) announced today the election of Bruce R. Berkowitz and Alesia J. Haas to membership on the Sears Holdings board of directors.

"I am very pleased to welcome Bruce and Alesia to our board," said Sears Holdings Chairman and Chief Executive Officer Edward S. Lampert. "Bruce has been a long-time investor in Sears Holdings and has been very supportive of our transformation, and he is one of the most respected businessmen in his field in the country. Alesia is an extremely accomplished financial and strategy professional, and will bring tremendous acumen and expertise to our board."

Mr. Berkowitz serves as the Chief Investment Officer of Fairholme Capital Management, LLC, an investment adviser registered with the SEC, and is the President and a Director of Fairholme Funds, Inc., a SEC-registered investment company providing investment management services to three mutual funds. 

Ms. Haas until recently served as Chief Financial Officer of OneWest Bank, NA, a $22 billion commercial bank, which was acquired by CIT Group Inc. in August 2015. She was formerly the Head of Strategy for OneWest Bank, and her prior experience includes various investment banking, strategy and other roles with Merrill Lynch and General Electric. 

The election of Mr. Berkowitz and Ms. Haas increases the size of Sears Holdings' board of directors to 10.

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
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SOURCE Sears Holdings Corporation








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