Sears CEO Steps Down Jan 29, 2008

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Sears Holdings Corp. said today its board of directors appointed W. Bruce Johnson, executive vice president, Supply Chain and Operations, to the additional role of interim CEO and president. Johnson will replace Aylwin B. Lewis, currently president and CEO, who will leave the company on Feb. 2, 2008, at the end of the company's fiscal year. Lewis will also step down from the Sears Holdings board of directors at that time. Sears will immediately commence a formal search to identify a permanent CEO.

Lampert will lead the board's search for a permanent CEO and will continue to focus on identifying and attracting talented executives to the company. Johnson joined Kmart in 2003 as senior vice president, Supply Chain and Operations and at the time of the merger was appointed executive vice president, Supply Chain and Operations for the combined company. He was named to the Office of the Chairman in 2005 and took on store operations in 2006.

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