Report: Sears interim CEO holds longest current temporary tenure
Hoffman Estates, Ill. Sears named W. Bruce Johnson as its interim CEO more than two years ago and he still occupies that role, making it the longest current temporary tenure for the head of a publicly traded U.S. company, according to the Wall Street Journal.
Sears, at its annual meeting Tuesday, is putting Johnson up for a board seat and has bumped up his base salary to $1 million from $850,000. But 27 months after the board ousted CEO Aylwin Lewis, the company still hasn't announced plans to name Johnson as its permanent chief, raising concerns among some investors.