Sears Holdings Names James P. Andrew As Chief Administrative Officer

HOFFMAN ESTATES, Ill., March 28, 2016 /PRNewswire/ -- Sears Holdings (NASDAQ: SHLD) announced today that James P. Andrew has joined the company in the new role of Chief Administrative Officer. In this position he will be responsible for the company's corporate support functions, including financial planning and analysis, business finance, procurement, legal, and human resources.

"Jim is a proven executive with deep expertise leading business performance improvement, corporate strategy and delivering on key objectives," said Edward S. Lampert, Sears Holdings' Chairman and CEO. "His range and depth of experiences managing corporate transformations and capability development makes him a strong fit for Sears Holdings as we pursue our member-focused transformation."

Andrew comes to Sears Holdings from Royal Philips N.V., where as an executive vice president and the chief strategy and innovation officer he played a central role in the multi-year transformation of Philips' performance, productivity and capability development. He was responsible for the company's business and market growth strategies and annual planning. Andrew also led the company's digital transformation and a major repositioning of Philips' portfolio, among many other accomplishments.

Prior to Philips, Andrew spent 25 years with The Boston Consulting Group (BCG), where he most recently served as a senior partner and managing director. At BCG he consulted with Fortune 250 companies across a wide range of industries on business performance improvement, corporate strategy, portfolio composition and shareholder value creation and growth. Andrew also established BCG's Innovation Practice, and served as its global leader for many years, providing organizations with support on product development, speed, innovation strategy, portfolio management and resource allocation.

Andrew has served as a charter member of the USA's National Advisory Committee for Innovation and Entrepreneurship, and is the lead author of Payback: Reaping the Rewards of Innovation, selected as a "Top 10 Innovation Book" of the year by Bloomberg Businessweek. He holds a Masters of Business Administration from Harvard Business School and a Bachelor of Science degree in Accountancy from the University of Illinois.

About Sears Holdings CorporationSears 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