Sears (SHLD) CEO D'Ambrosio to Step Down; Eddie Lampert to Assume Role
- S&P 500 ends flat; Fed sees risks but unlikely to reverse course
- Twitter (TWTR) Tops Q4 EPS by 4c; MAUs Miss
- Tesla (TSLA) Posts Q4 Loss of 87c/Share; Delivered 17,478 Vehicles, Above Expectations
- Mylan (MYL) Enters Agreement to Acquire Meda in ~$9.9B Deal
- After-Hours Stock Movers 02/10: (HUBS) (EXPE) (TSLA) Higher; (PPC) (MYL) (ZNGA) Lower (more...)
Sears Holdings Corporation (Nasdaq: SHLD) today announced that Louis J. D'Ambrosio will step down as Chief Executive Officer for family health matters at the end of the company's fiscal year on February 2, 2013. Edward S. Lampert will then assume the role of CEO of Sears Holdings, in addition to his role as Chairman of the Board of Directors. Mr. D'Ambrosio will remain on the Board until the company's next Annual Meeting of Stockholders to be held in May 2013 and will be available to assist with a smooth transition.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sears Holdings (SHLD) Prelim. Q4, FY15 Revs Light of Expectations
- UPS (UPS) Appoints CEO Abney as New Board Chair, Creates Lead Independent Director Role
- Sears Holdings Provides Fourth Quarter Financial Update
Create E-mail Alert Related CategoriesHot Mgmt Changes, Management Changes
Related EntitiesEdward Lampert, RBS Partners, ESL Investments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!