Sears Holdings Elects Cesar L. Alvarez To Board

HOFFMAN ESTATES, Ill., Dec. 18, 2013 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) announced today the election of Cesar L. Alvarez, co-chairman of the international law firm of Greenberg Traurig, LLP, to membership on the Sears Holdings board of directors. 

"I am delighted that Cesar is joining our board," said Sears Holdings Chairman and Chief Executive Officer Edward S. Lampert. "His expertise in advising large organizations, working on complex matters, and diverse corporate board experience make him ideally suited to join our board, as we continue our transformation to a member-centric company through Integrated Retail and Shop Your Way."

Mr. Alvarez joined Greenberg Traurig, one of the fastest-growing law firms in the United States, in 1973.  Prior to his appointment as co-chairman, Mr. Alvarez served the firm as its executive chairman for more than three years, and as its chief executive officer for 13 years, directing the firm through its dramatic growth over the years. Prior to becoming CEO in 1997, he practiced securities, corporate and international law for more than 25 years. In 2008, Mr. Alvarez was honored by Chambers and Partners with its "Lifetime Achievement Award" and by the American Bar Association with their "Spirit of Excellence Award."

Mr. Alvarez also serves on the board of directors of Fairholme Funds, Inc.; Intrexon Corporation; Mednax, Inc.; St. Joe Co.; and Watsco, Inc.

He holds a Bachelor of Science, an M.B.A., and a J.D. from the University of Florida.

Mr. Alvarez's election increases the number of Sears Holdings' directors to seven. 

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer with almost 2,500 full-line and specialty retail stores in the United States and Canada and the home of SHOP YOUR WAY, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through ShopYourWay.com. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, fitness equipment and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, with a broad apparel offering, including such well-known labels as Lands' End, the Kardashian Kollection, Jaclyn Smith and Joe Boxer, as well as Sofia by Sofia Vergara and The Country Living Home Collection. We are the nation's largest provider of home services, with more than 14 million service and installation calls made annually, and have a long-established commitment to those who serve in the military through initiatives like the Heroes at Home program. We have been named the 2011 Mobile Retailer of the Year, Recipient of the 2013 ENERGY STAR® "Partner of the Year - Sustained Excellence Award" for Product Retailing and Energy Management and one of the Top 20 Best Places to Work for Recent Grads. Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' website at www.searsholdings.com. Twitter: @searsholdings || Facebook: http://www.facebook.com/SHCCareers.

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371

SOURCE Sears Holdings Corporation

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