Sears’ CEO to Step Down
Chicago Sears Holdings Corp. said Monday that its president and CEO Aylwin B. Lewis would step down at the end of its fiscal year this week, the latest blow for an ailing company that’s struggling to connect with customers and invigorate slumping sales.
Lewis will be succeeded by W. Bruce Johnson, an executive VP of supply chain and operations who will fill the role on an interim basis. The company said Monday that Lewis will also resign from Sears’ board.
“We are entering a new phase in Sears’ evolution as a multichannel retailer, as reflected by the new operational structure we recently announced, and the board has determined that now is the right time to put in place new leadership to take the company forward,” Sears chairman Edward Lampert said in a statement.
Johnson joined Kmart in 2003 as senior VP of supply chain and operations. He was named to the office of the chairman in 2005 and took on store operations in 2006.
Pacific Sunwear Names CFO
Anaheim, Calif., Pacific Sunwear of California, Inc. has appointed Michael Henry to serve as senior VP and CFO of the company. Henry had been serving as interim CFO since November 2007.
Henry joined the company in September 2000 as controller. He has served as VP, controller since February 2006.
DAVACO Names Director of National Accounts
DAVACO, Inc., the national leading provider of retail services, announced that Lora Churcher has been named director of national accounts for DAVACO’s brand development division. In this role, Churcher is responsible for new business development and the management of existing accounts for national consumer brands of soft line products.
Churcher joins DAVACO with a wide range of experience in retail and brand development with nationwide brands that include Michael Kors, DKNY and O Oscar. Prior to joining DAVACO, Churcher served as the director of account management for Kramer Design Group. She has also been employed with Lifestyle Forms as sales and marketing manager and at style365.com as a marketing and promotions coordinator.