Private equity firm hires former Sears ceo

NEW YORK Former Sears Holdings vice chairman and ceo Alan Lacy has joined Oak Hill Capital Partners, a private equity firm, as a senior advisor. Lacy will consult across Oak Hill’s private equity portfolio and will work closely with the firm’s consumer, retail amd distribution industry group.

Lacy has approximately 30 years of experience in senior roles at major retail and consumer products companies, including Sears, Kraft and Philip Morris. During Lacy’s tenure as ceo of Sears, Sears created significant value for shareholders by executing major restructuring and growth initiatives, including the merger of Sears and Kmart, the acquisition of Lands’ End and the sale of Sears’ credit business.     

“We are delighted to welcome Alan Lacy to the team of operating professionals working closely with Oak Hill’s portfolio companies.  We believe his extensive experience and knowledge of the retail and consumer products industries make him an ideal addition to our team.  We look forward to benefiting from his strategic perspective, industry relationships and operating expertise,” said Tyler Wolfram, a partner at Oak Hill Capital.