15400 Mon, 10/13/2008 - 12:24pm
HOFFMAN ESTATES, Ill.–Sears Holdings has named Michael Collins senior vice president of finance.
Collins will succeed J. Miles Reidy as chief financial officer prior to the end of the 2008 fiscal year.
Reidy, who will step down due to a family issue, will work with Collins to ensure an orderly transition, Sears said.
Collins joins Sears from General Electric Corp., where he was senior vice president of planning and analysis at GE’s NBC Universal division.
“We have asked him to continue to build a rigorous and analytical finance function,” said Bruce Johnson, interim CEO and president. “With our new operating model, we need to ensure that our business unit leaders have the detailed information and finance support to drive effective decision-making.”