Sears Holdings Names Lynn Pendergrass As New Hardlines President

HOFFMAN ESTATES, Ill., Aug. 24, 2015 /PRNewswire/ -- Sears Holdings (NASDAQ: SHLD) announced today that Lynn Pendergrass joined the company in the new role of President, Hardlines. In this position, she will be responsible for working across the Kenmore, Craftsman & DieHard business unit and its hardlines partners — including Home Appliances, Lawn & Garden, Tools, and Sears Auto Centers — to develop compelling offers and build relationships with members who shop the hardline categories.

Pendergrass comes to Sears Holdings from Johnson & Johnson, where she directed an approximately $14 billion business segment with 23,000 employees in 80 countries as worldwide chairman, Consumer. Prior to J&J, Pendergrass served as the senior vice president & general manager of the printing and personal systems group at Hewlett-Packard (HP). Before joining HP, she successfully led the consumer businesses for over 20 years at General Electric, including appliances and lighting, with a particular focus on global brand and product management, insight-led innovation and building exceptional customer partnerships.

"Lynn is a proven executive with deep expertise driving cross-functional alignment, growing market share and delivering on key objectives," said Edward S. Lampert, Sears Holdings' Chairman and CEO. "Her range and depth of consumer and product experiences, coupled with her track record of achieving results through diverse teams makes her a strong fit for Sears Holdings as we pursue our member-focused transformation."

Pendergrass holds both Bachelor of Science and Master of Engineering degrees in Chemical Engineering from the University of Louisville.

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way^®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

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

SOURCE Sears Holdings Corporation

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