SEARS HOLDINGS NAMES JAMES P. ANDREW AS FIRST CHIEF ADMINISTRATIVE OFFICER

Retail giant Sears Holdings has appointed James P. Andrew to the newly created role of Chief Administrative Officer. In this position he will be responsible for the company’s corporate support functions, including financial planning and analysis, business finance, procurement, legal, and human resources.

Andrew joins the company from Royal Philips N.V., where, as an executive vice president and the chief strategy and innovation officer, he played a central role in the multi-year transformation of Philips’ performance, productivity and capability development, Prior to Philips, Andrew spent 25 years with The Boston Consulting Group (BCG), where he most recently served as a senior partner and managing director.

In addition, has served as a charter member of the USA’s National Advisory Committee for Innovation and Entrepreneurship, and is the lead author of Payback: Reaping the Rewards of Innovation. He holds a Masters of Business Administration from Harvard Business School and a Bachelor of Science degree in Accountancy from the University of Illinois.

“Jim is a proven executive with deep expertise leading business performance improvement, corporate strategy and delivering on key objectives,” said Edward S. Lampert, Sears Holdings’ chairman and CEO. “His range and depth of experiences managing corporate transformations and capability development makes him a strong fit for Sears Holdings as we pursue our member-focused transformation.”