Sears Holdings Names President Home Services Business Unit
Stu Reed to Lead Nation's Largest Provider of Home Services
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 .
First Call Analyst:
FCMN Contact: kregan1@searshc.com
SOURCE: Sears Holdings Corporation
CONTACT: Sears Public Relations and Communications, +1-847-286-8371
Web site: