Sears Holdings Names William Hutchinson To Lead Supply Chain Business Unit

HOFFMAN ESTATES, Ill., April 7, 2014 /PRNewswire/ -- Sears Holdings SHLD -4.94% announced today that William Hutchinson will join the company as senior vice president and president, Supply Chain. Mr. Hutchinson most recently served as vice president of global fulfillment and logistics for Dell, Inc. in Round Rock, Texas. He succeeds Mr. Raj Penkar who has led the company's Supply Chain business unit since 2011. Mr. Penkar will retire from Sears Holdings on May 31, 2014.

In his new role with the company, Mr. Hutchinson will be accountable for all aspects of the company's supply chain, including distribution, transportation, customs compliance and global sourcing.

"Bill possesses the right combination of leadership, operational proficiency and technical acumen to lead our Supply Chain business unit," said Edward S. Lampert, Sears Holdings Chairman and CEO. "His significant background working within retail environments will support a seamless transition and Bill's proven ability to achieve results is critical to improving our members' experience."

During his time with Dell, Mr. Hutchinson spent seven years with the company in logistics roles of increasing responsibility. Prior to that, he held the role of vice president, logistics and supply chain, with Best Buy Company, Inc. from 2005 to 2007. Mr. Hutchinson also served as vice president, transportation, for Rite Aid Corporation from 2002 to 2005 and held supply chain roles with Accenture, Commerx and Andersen Consulting.

Mr. Hutchinson received a Master's of Business Administration in Logistics and Transportation/Marketing, from The University of Tennessee, Knoxville, Tenn., and a Bachelor of Science degree in Economics and Finance, Cum Laude, from Clarkson University in Potsdam, N.Y.

About Sears Holdings Corporation Sears Holdings Corporation SHLD -4.94% is a leading integrated retailer with more than 2,400 full-line and specialty retail stores in the United States and Canada and the home of Shop Your Way®, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through shopyourway.com and mobile apps. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, fitness equipment and automotive repair and maintenance. Key proprietary brands include Kenmore®, Craftsman® and DieHard®, with a broad apparel offering, including such well-known labels as Lands' End®, the Kardashian Kollection®, Jaclyn Smith® and Joe Boxer®, as well as Sofia by Sofia Vergara and The Country Living Home Collection. We are the nation's largest provider of home services, with more than 14 million service and installation calls made annually, and have a long-established commitment to those who serve in the military through initiatives like the Heroes at Home® program. We have been named the 2011 Mobile Retailer of the Year, Recipient of the 2014 Energy Star® "Partner of the Year - Sustained Excellence Award" for Product Retailing and Energy Management and one of the Top 20 Best Places to Work for Recent Grads. Sears Holdings Corporation operates through its subsidiaries, includingSears , Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' website at www.searsholdings.com . Twitter: @searsholdings | Facebook:http://www.facebook.com/SHCCareers .

NEWS MEDIA CONTACT: Sears Holdings Public Relations 
(847) 286-8371

SOURCE Sears Holdings Corporation

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