HOFFMAN ESTATES, Ill.–Aylwin Lewis, will resign as president and chief executive officer of Sears Holdings, effective Feb. 2.
Bruce Johnson, executive vice president of supply chain and operations, has been named interim president and CEO. The retailer said the search is under way for a new CEO.
The news follows Sears plans last week to restructure its operations as the retailer continues to bleed market share and post sales and earnings declines.
Lewis succeeded Alan Lacy as president and CEO of Sears in September 2005, following the merger of the two retailers.
Lewis was previously CEO at YUM Brands, where he was president and chief multibranding and operating officer of the restaurant firm whose properties include KFC and Pizza Hut.