Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sears CEO Appointed Chairman of Sears Canada
Mar 14, 2005
 Printable format
 Email this Article
 Search

Sears, Roebuck and Co. CEO Alan Lacy will take on a second job as chairman of the board of Sears Canada, lending weight to speculation that Sears will sell its Canadian business.

Mr. Lacy will replace Glenn Richter, who is leaving his job as CFO at Sears to become CFO of Chicago, IL, U.S.-based R.R. Donnelley & Sons.

Mr. Richter had served less than 7 months as chairman of Sears Canada's board. He succeeded Mark A. Cohen, who became CEO and chairman of Sears Canada after he lost a battle for the Sears CEO job to Lacy 4 years ago. Mr. Cohen was ousted because of what Sears Canada called "strategic differences."

A Sears Canada spokesman said that Lacy is the company's "permanent" chairman, refuting the notion that it's a caretaker job until Sears can sell the 121-store Canadian subsidiary, which is more upscale than its American parent.

No other Sears CEO has served as chairman of Sears Canada's board, Sears Canada spokesman Vincent Power said. Instead, a top Sears executive has for many years held a top job at Sears Canada, such as president or COO.

Mr. Lacy served as a member of the Sears Canada board from 1995 to 1997, and during his 4 1/2-year tenure as Sears CEO. (Chicago Sun Times)

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows