Sears Holdings names head of tools unit

Hoffman Estates, Ill. — Sears Holdings announced that Sam Solomon has joined the company as SVP and president of its tools business. Solomon is responsible for developing and driving growth and profit opportunities for one of the company's cornerstone businesses, the company reported. He was recently CEO and president of The Coleman Company Inc.

"I am delighted to welcome Sam Solomon to the Sears team. Sam is a proven CEO of branded products, with savvy market skills and astute financial acumen. He will serve our customers and our company well," said Lou D'Ambrosio, CEO and president.

Solomon comes to Sears Holdings from The Coleman Company where most recently he served as president and CEO since 2007 after being promoted from the CFO role he assumed when he joined the company in 2005. Prior to that, he served as chief financial officer for SPX Corporation and Kidde plc. He began his career in finance with increasingly senior roles at Procter & Gamble and The Coca-Cola Company.