Sears names new finance head; consolidates some finance functions

Sears Holdings announced that Jason Hollar has been promoted to CFO, effective immediately.



Hollar succeeds Robert A. Schriesheim, who the chain previously announced would be departing to focus on his other business interests and pursue other career opportunities.



Hollar, 43, joined Sears Holdings in October 2014 as senior VP, finance, overseeing the financial planning & analysis function, the business finance relationship with centralized finance, and procurement.



Sears also announced that it has consolidated responsibility for internal audit, treasury and the capital markets finance functions under Robert Riecker, who has served as VP and controller since 2011 and will continue as controller while also serving as head of capital markets activities.



“We are fortunate to have a deep bench of finance leadership as Sears Holdings continues to transform its business to an asset-light organization centered on its Shop Your Way program powered by our integrated retail innovations,” said Edward S. Lampert, Sears Holdings’ chairman and CEO.