Sears Holdings Names President Home Services Business Unit

2008-08-21 17:03:00

        Stu Reed to Lead Nation's Largest Provider of Home Services



    HOFFMAN ESTATES, Ill., Aug. 21 /EMWNews/ -- 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.





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