Sears Begins Search for New Retail Executive
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Sears Roebuck & Co. has begun an external search to fill the newly created post of president of Sears retail, a job that will oversee all of the company’s existing U.S. full-line stores and its recently announced expansion of off-mall stores.
While a search is underway, Sears Chairman and Chief Executive Alan J. Lacy will assume the duties of the new role.
Sears also said that Mark S. Cosby, president of full-line stores, had resigned.
Shares of Hoffman Estates, Ill.-based Sears closed at $35.32, down 23 cents, on the NYSE.
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