Sears Names Schriesheim CFO

By Alan Wolf -- TWICE, 8/16/2011

Hoffman Estates, Ill. - Sears Holdings has appointed Robert Schriesheim executive VP and chief financial officer.

Schriesheim, formerly chief financial officer of Hewitt Associates, a global human resources outsourcing and consulting firm, succeeds acting chief financial officer and controller William Phelan.

"Rob is a proven global chief financial officer and brings excellent experience at driving operating performance and delivering value in complex organizations undergoing rapid change," said Sears president/CEO Lou D'Ambrosio, who joined the company as chief executive in February. Other recent hires include Monica Woo, the new chief marketing officer for Sears, and Edgar Huber, who now leads the company's Lands' End apparel business.

In a statement, Schriesheim said he plans to leverage Sears' historical franchise and capitalize on innovative trends. "Sears Holdings has a unique portfolio of assets, a deep heritage and great potential. Transformations are energizing when you can leverage powerful brands, work with a talented and committed team, and focus on execution and delivering results," he said.