Sears Canada Inc. announced that Ronald Boire will leave his position as company president/CEO to pursue other opportunities. Brandon Stranzl, chairman of the board, has been named executive chairman, effective immediately.
“I am enthusiastic about the opportunity to play an expanded role within our organization, and I am committed to working closely with all our Sears associates and business partners to make progress on our goals to delight our customers and return Sears Canada to profitability,” said Stranzl.
“We are grateful for Ron’s support as we search for and welcome a new CEO. In the meantime, the management team and I are fully engaged in executing the current strategy, designed to improve our retail operations so we can best serve Canadian communities from coast-to-coast,” said Stranzl.
The board of directors will commence a search for a new president and CEO.