Sears' new exec to help manage transformation

Sears Holdings (NASDAQ:SHLDhas appointed James Andrew to the new role of Chief Administrative Officer with responsibilities for the company's corporate support functions, including financial planning and analysis, business finance, procurement, legal and human resources. 

    James Andrew

"Jim is a proven executive with deep expertise leading business performance improvement, corporate strategy and delivering on key objectives," said Eddie Lampert, chairman and CEO. "His range and depth of experiences managing corporate transformations and capability development makes him a strong fit for Sears Holdings as we pursue our member-focused transformation."

Sears has been growing its Shop Your Way loyalty program to drive more sales from its best customers. But its also suffered declining sales and continues to close stores.

Andrew's responsibilities emphasize this focus on operations and further monetization of the company's assets.

He joins Sears from Royal Philips N.V., where as exec-VP and chief strategy and innovation officer he participated in that company's multi-year transformation of Philips' performance, productivity and capability development, according to a company statement. Andrews also spent 25 years with The Boston Consulting Group, where he most recently served as a senior partner and managing director.

For more:
-See this Sears Holdings press release

Related stories: 
Sears CEO: Retail is struggling
Sears to accelerate store closings
Sears to shutter some Kmart stores
Sears' sales plunge 20%
Kmart rewards night owls, adds Black Wednesday and Freebie Saturday

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.