News

Sears announces new CEO

February 23, 2011

The Sears Holdings board of directors has elected Lou D’Ambrosio as the chief executive officer and president of the company.

D'Ambrosio was chief executive of Avaya Inc. from 2006 to 2008 and served on the company's board of directors. Prior to joining Avaya in 2002, he spent 16 years at IBM.

"From the beginning of our CEO search, we were determined to find a leader with information and technology experience who could catalyze the transformation of our portfolio of businesses in the context of the evolution of the retail industry that is occurring more broadly. I am confident that Lou is the right person to lead and transform Sears Holdings," said Edward S. Lampert, chairman of the board of directors.

D'Ambrosio also served as non-executive chairman of Sensus, a clean technology leader, and on the board of trustees of the Jackson Laboratory and Walnut Street Theatre.