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Sears Promotes Jason Hollar To CFO

Sears Holdings has promoted a senior finance exec, Jason Hollar, to chief financial officer.

He succeeds Robert Schriesheim, whose pending departure was announced last May after five years in the job.

Hollar joined Sears two years ago as finance senior VP, with responsibility for financial planning and analysis, procurement, and the business finance relationship with centralized finance.

“In his time with the company, Jason has been focused on driving efficiencies and creating value as our company undergoes rapid change,” president/CEO Eddie Lampert said in a statement. “His leadership and financial acumen are important skills as we accelerate our transformation and deliver for our members, associates and shareholders.”

That transformation, he reiterated, is centered on the company’s Shop Your Way retail platform — a Sears- and Kmart-neutral loyalty program — and his efforts to make Sears Holdings “asset-light.”

Prior to joining Sears, Hollar was VP/corporate controller at Delphi Automotive, but spent most of his career at Navistar International.

Sears said Schriesheim is leaving “to focus on his other business interests and pursue other career opportunities.”