Sears grooms Michael Collins for CFO role

Sears Holdings Corporation (Nasdaq: SHLD) announced that Michael D. Collins joined the
company yesterday as senior vice president, finance. The Company expects that Mr. Collins will succeed J. Miles Reidy as Sears Holdings’ chief financial officer prior to the end of the 2008 fiscal year. Mr. Reidy, who intends to step down later in the year as the Company’s CFO in order to attend to a family issue, will work with Collins to facilitate an orderly transition.

Collins most recently was the Senior Vice President, Planning & Analysis, at General Electric Corporation’s NBC Universal Division. Previously, he worked in a variety of finance positions in his eighteen year career at GE. Collins graduated from the University of Pennsylvania, with a BS in Economics, majoring in accounting. Collins, who is a C.P.A.,
began his career at Arthur Andersen & Co.

Sears Holdings Corporation is the nation’s fourth largest broadline
retailer, with approximately $50 billion in annual revenues, and with
approximately 3,800 full-line and specialty retail stores in the United
States and Canada. Sears Holdings is the leading home appliance retailer as
well as a leader in tools, lawn and garden, home electronics and automotive
repair and maintenance. Key proprietary brands include Kenmore, Craftsman
and DieHard, and a broad apparel offering, including such well-known labels
as Lands’ End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and
Covington brands. It also has Martha Stewart Everyday products, which are
offered exclusively in the U.S. by Kmart and in Canada by Sears Canada. The
Company is the nation’s largest provider of home services, with more than
13 million service calls made annually. For more information, visit Sears
Holdings’ website at http://www.searsholdings.com.