Market Overview

Sears Canada Announces Resignation of CFO

Sears Canada (NYSE: SHLD) announced
today that Sharon R. Driscoll, Senior Vice-President and Chief
Financial Officer, will be resigning from the Company effective January
4, 2013 to pursue other interests.  Ms. Driscoll has been with the
Company since November 2008 and has served in her current position
since December 2010.

"I want to thank Sharon for her service to Sears over the past four
years," commented Calvin McDonald, President and Chief Executive
Officer, Sears Canada Inc.  "On behalf of the entire management team, I
wish her all the best in her future endeavours."

The Company is currently conducting a search for candidates and expects
to make an announcement when the search is complete.  In the interim,
processes are in place that will allow the Finance functions to
continue operating seamlessly.

Sears Canada is a multi-channel retailer with a network that includes
195 corporate stores, 269 hometown dealer stores, 8 home services
showrooms, over 1,500 catalogue and online merchandise pick-up
locations, 102 Sears Travel offices and a nationwide home maintenance,
repair, and installation network. The Company also publishes Canada's
most extensive general merchandise catalogue and offers shopping online
at www.sears.ca.

SOURCE Sears Canada Inc.

See full press release

Posted-In: News Guidance Asset Sales Management Global

 

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