Sears Adds Independent Director To Board

Sears Holdings has added Alan Carr, managing member and CEO of Drivetrain, to its board of directors as an independent director.

The company noted that Carr has experience as a principal, investor and advisor leading complex financial restructurings, as well as serving as a director of reorganized businesses in the U.S. and Europe. Carr was previously an attorney at Skadden, Arps, Slate, Meagher & Flom and Ravin, Sarasohn, Baumgarten, Fisch & Rosen.

Edward Lampert, chairman and CEO of Sears Holdings, said, “Alan brings deep experience as a director for companies that went through complex organizational change. We are pleased to welcome him to the board and look forward to the benefit of his expertise as we work to maximize value for the company and its stakeholders.”