New leader named at Sears Canada

TORONTO —Sears Canada has announced the appointment of Calvin McDonald as its president and CEO, effective immediately. McDonald most recently served as EVP, conventional division of Loblaw Companies Limited. He will succeed Dene Rogers, who has served as president and CEO of Sears Canada since 2006.

McDonald has progressed through a variety of positions with increasing responsibility at Loblaw Companies: VP on-line services, VP merchandising and marketing—no frills division, SVP, grocery business unit, and EVP, marketing, CRM—brands and corporate Strategy.

"I am excited to join Sears Canada," said McDonald. "The executive team shares the board's and my belief that Sears Canada has the potential to significantly increase its sales and profitability by better serving customers, by improving our brand offerings, by executing at a higher level in all channels, and by capitalizing on the affinity and affection that we Canadians have for this iconic retail brand. I particularly look forward to working with our vendors to achieve profitable and sustainable growth together."