Sears Canada appoints new cfo

TORONTO Sears Canada has announced the appointment of Allen Ravas to the position of senior vp and cfo, effective Oct. 20. Ravas will succeed David B. Merkley, who has served as cfo since 2005 and who will be leaving the company to pursue other interests. Merkley will remain with Sears until Nov. 13, to help ensure a smooth transition.

"On behalf of the board of directors and associates of Sears Canada, I want to thank David for his contribution to the company and wish him much success in his future endeavours," said president and ceo Dene Rogers. "I also extend a warm Sears Canada welcome to Allen as he joins us in this very important role. He brings a wealth of experience to the position of cfo, which will provide leadership to the organization on all financial matters. I look forward to having Allen join our team."

Ravas joined Sears Holdings in 1997 and has held senior roles in various finance portfolios, including merchandising, supply chain and off-mall. He has held his current position as senior vp of finance since 2005. Prior to joining Sears Holdings, Ravas was with Target Corp. from 1993 to 1997 and with May Department Stores from 1980 to 1993.