Sears taps GE veteran as president of hardlines

Sears Holdings hired a new president of hardlines, Lynn Pendergrass, from Johnson & Johnson. She will oversee the Kenmore, Craftsman and DieHard business unit as well as the hardlines partners, home appliances, lawn and garden, tools and Sears Auto Centers.

Pendergrass was the worldwide chairman for Johnson & Johnson's consumer business for the past year, leading a $14 billion business segment with 23,000 employees in 80 countries.

Starting in 2008, Pendergrass worked for HP for eight years. She served as senior VP and general manager of the printing and personal systems group and senior VP of the imaging and printing group.

She also spent over 20 years at GE, serving in several product management and leadership positions, including president and CEO from 2005 to 2007.

"Lynn is a proven executive with deep expertise driving cross-functional alignment, growing market share and delivering on key objectives," said Edward Lampert, chairman and CEO of Sears. "Her range and depth of consumer and product experiences, coupled with her track record of achieving results through diverse teams makes her a strong fit for Sears Holdings as we pursue our member-focused transformation."

Pendergrass' appointment comes as Sears is struggling to survive. Although the company posted a profit this quarter for the first time in three years, revenue is still down 22.5 percent. Press Release