Leading multi-channel retailer Sears Canada announced that Brent Hollister, President and Chief Executive Officer, is stepping down effective May 9, 2006 and will leave the Company and not stand for re-election to the Board of Directors.
Hollister, a Canadian and career executive at Sears, has served in virtually all sales, merchandising and operating channels of the Company during his 37 years. He was appointed President, Sales & Service in 2001, President and Chief Operating Officer in 2002, and, since August 2004, has held his current role as President & CEO and a member of the Board of Directors.
On April 6, 2006, Sears Holdings Corporation announced that it had secured the minority shareholder support necessary to take Sears Canada from a publicly traded company to a private company.
Sears Canada is a multi-channel retailer with a network of 188 corporate stores, 181 dealer stores, 65 home improvement showrooms, over 2,100 catalogue merchandise pick-up locations, 111 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada's most extensive general merchandise catalogue and offers shopping.
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