OPERATIONS

Two Sears Execs to Leave Company

BY CSA STAFF

Hoffman Estates, Ill. Two Sears Holdings Corp. executives have announced that they are leaving the company, according to the Chicago Tribune.

Chief marketing officer Maureen McGuire plans to leave Sears at the end of the month, while home services chief Mark Good will leave the company on Friday.

McGuire joined Sears in October 2005 after a 30-year career at IBM Corp. where she was a strategy and marketing executive.

Good joined Sears in 1997 and led its home services business since 1999 as executive VP and general manager, overseeing its expansion.

The company is scheduled to report its earnings for the second quarter next week.

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OPERATIONS

Office Max CFO Resigns

BY CSA STAFF

Naperville, Ill. OfficeMax said Wednesday that executive VP and CFO Don Civgin resigned from his position, effective Aug. 29. Current senior management and finance teams will absorb Civgin’s responsibilities until a permanent replacement is named.

Civgin joined OfficeMax in October 2005, and was named executive VP and CFO in November 2005.

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OPERATIONS

Circuit City Names Vice Chairman

BY CSA STAFF

Charlotte, N.C. Circuit City Stores Inc. said Tuesday it named James Marcum as its vice chairman. Marcum currently serves as a director of the company.

Circuit City said that Marcum will “play a key role in leading the efforts to accelerate the pace of the company’s turnaround” as the board continues to pursue strategic alternatives.

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