Executive shakeup at Sears Canada

Sears Canada CEO Calvin McDonald has resigned from his position and the company’s board of directors to pursue an opportunity with an international company. Taking his place will be current EVP and chief operating officer Douglas C. Campbell.

Campbell joined Sears Canada in March 2011 and was appointed EVP and chief operating officer Nov. 2012. He was responsible for retail store operations, logistics, replenishment, information technology, corporate procurement and international sourcing.

Prior to joining Sears, Campbell was a principal with Boston Consulting Group, where he led turnaround projects and worked across a broad sector of industries, including retail, manufacturing, packaged foods, chemicals, and pharmaceuticals.

Campbell graduated from the U.S. Naval Academy with a bachelor of science in economics. He was commissioned an officer in the U.S. Marine Corps and pursued a career as a naval aviator. His personal decorations include the Navy and Marine Corps Commendation Medal and two Air Medals awarded for service in combat operations. Following his service in the Marine Corps, Campbell earned a master’s of business administration with a concentration in finance from the Wharton School, University of Pennsylvania.

"I am excited about the opportunity to lead a company with such a great brand and history, and to continue to improve the performance of Sears," commented Campbell. "I am eager to move us forward, to work closely with our management team and to continue to engage our customers and our 25,000 associates to better serve families and communities across Canada."

"Doug's disciplined approach has been instrumental in managing costs and driving efficiencies," said William C. Crowley, chairman of the board. "We look forward to his leadership as we continue to improve profitability across the business. We believe that the future remains bright for a more focused and competitive Sears Canada. We would also like to thank Calvin for his leadership and merchandising skills in light of the challenges facing the industry, and we wish him every success in his new role."

"I want to thank the associates of the company for all of their hard work during my time at Sears Canada," added McDonald. "It has been an honour to lead an iconic Canadian retailer, and I look forward to its continued success."

Sears Canada is a multichannel retailer with a network that includes 181 corporate stores, 246 hometown dealer stores, more than 1,400 catalogue and online merchandise pickup locations, 101 Sears Travel offices and a nationwide home maintenance, repair, and installation network.