HOFFMAN ESTATES, Ill.,
Oct. 14, 2016 /PRNewswire/ -- Sears
Holdings (NASDAQ: SHLD) announced today that Jason Hollar has been promoted to chief
financial officer, effective immediately. The company
previously announced in May that Robert A.
Schriesheim would be departing from his position with the
company to focus on his other business interests and pursue other
career opportunities.
Mr. Hollar, 43, joined Sears Holdings in October 2014 as senior vice president, finance
overseeing the financial planning & analysis function, the
business finance relationship with centralized finance, and
procurement. The company also announced today that it has
consolidated responsibility for internal audit, treasury and the
capital markets finance functions under Robert Riecker, 52, who has served as vice
president and controller since 2011 and will continue as controller
while also serving as head of capital markets activities.
"We are fortunate to have a deep bench of finance leadership as
Sears Holdings continues to transform its business to an
asset-light organization centered on its Shop Your Way program
powered by our integrated retail innovations," said Edward S. Lampert, Sears Holdings' Chairman and
CEO. "In his time with the company, Jason has been focused on
driving efficiencies and creating value as our company undergoes
rapid change. His leadership and financial acumen are important
skills as we accelerate our transformation and deliver for our
members, associates and shareholders."
Mr. Lampert continued, "Additionally, we are extremely fortunate
to have a seasoned, respected finance professional in Rob who has a
depth of experience with our business and who has served in a
variety of roles during his 11 years with the company."
Prior to joining Sears Holdings, Mr. Hollar was at Delphi
Automotive, where he served as Vice President and Corporate
Controller. Prior to Delphi, Jason spent the bulk of his career at
Navistar International. He has over 20 years of finance experience
including business finance, controllership, strategic planning,
financial planning and analysis, and serving as a business unit
CFO. Mr. Hollar received a Master's of Business
Administration with concentrations in Finance and Accounting from
The University of Chicago and a
Bachelor's of Science in Business from Indiana
University.
"I'd like to thank Rob
Schriesheim, who's been leading the financial organization
for the past five years. I wish him the best in his future
endeavors," said Mr. Lampert.
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
(847) 286-8371
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SOURCE Sears Holdings Corporation