Sears (SHLD) CEO D'Ambrosio to Step Down; Eddie Lampert to Assume Role

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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.

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Hot Mgmt Changes, Management Changes

Related Entities

Edward Lampert, RBS Partners, ESL Investments

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