HOFFMAN ESTATES, Ill.,
Dec. 2, 2016 /PRNewswire/
-- Sears Holdings Corporation (NASDAQ: SHLD) today announced
that Steven T. Mnuchin has informed
the company that he has decided to step down from the company's
board of directors, effective immediately. President-elect
Donald J. Trump recently announced
his intent to nominate Mr. Mnuchin as Secretary of the United
States Department of Treasury.
Mr. Mnuchin joined the board of Sears Holdings in March 2005 at the time of the merger of Sears,
Roebuck and Co. and Kmart Holding Corporation. Previously, in
May 2003, he was named to the board
of directors for Kmart Holding Corporation.
"I want to thank Steven for his leadership, guidance and counsel
during his more than 13 years of service as a highly valued member
of the boards of both Sears Holdings and the former Kmart Holding
Corporation," said Edward S.
Lampert, Chairman and CEO of Sears Holdings. "I also
congratulate Steven as he embarks on this important post in
President-elect Trump's administration."
"It's been a pleasure to work closely with Eddie and the other
members of the Sears Holdings' board of directors over the years,
and I wish the company and its associates all the best as Sears
Holdings continues on its transformation," said Mr. Mnuchin.
Mr. Mnuchin's departure decreases the number of Sears Holdings'
directors to nine.
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