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
