Management Turnover as Change Agent

Friday, February 1, 2008

Speculation on CEO Candidates for Sears

As discussed in an earlier blog, Eddie Lambert, the hedge fund manager and chairman of Sears, is working to find a replacement for Alwyn Lewis who recently resigned as Sears' CEO. Earlier today Crain's Chicago Business briefly discussed three individuals mentioned as possible candidates to head up Sears.

The article indicates the following three are:

Allen Questrom,partner, Lee Equity Partners LLC; chairman, Debs Shop Inc.;
Millard “Mickey” Drexler, chairman and CEO, J. Crew Group Inc. and;
Vanessa Castagna, former chairwoman, Mervyn’s LLC; former top executive at Penney and Wal-Mart Stores Inc.

Keep a close eye on who Lambert manages to snag. I suspect there are others under consideration. Any of the the above three would surely require a real commitment from Lambert on what backing he/she would get before taking on this monumental task.

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