Sears Appoints New Board Member

Sears Holdings has announced the election of Kevin Rollins as its director. Mr Rollins is the former president and CEO of Dell and currently a senior adviser to the private investment firm TPG Capital. His election increases the number of Sears Holdings’s directors to eight.

During his 11 year career with Dell, Mr Rollins also served as vice chairman and as the head of Dell Americas.

Prior to his time at Dell, Mr Rollins worked at Bain & Company, most recently serving as a director and partner. He also serves on the board of Avaya and is a member of the President’s Leadership Council and the Marriott School National Advisory Council at Brigham Young University, where he founded and continues to sponsor the Rollins Center for E-Commerce.

Edward Lampert, chairman of Sears, said: “Kevin Rollins is an accomplished businessman whose experience leading a company in Fortune’s top 50 will be invaluable as we continue to implement Sears Holdings’ revised organizational and internal management structure. The board of directors looks forward to his advice and contributions.”