Two Sears Holdings Board Members Step Down

March 15, 2006  by in UnCategorized   

By Home Furnishings Business in on March 2006 Two board members have said they will not stand for reelection to the board of Sears Holdings Corp.

Michael A. Miles and Julian C. Day will serve out their terms until the company's scheduled annual meeting in April. Miles said he will devote more time to personal matters, and Day said he will spend more time on various other business interests.

Miles joined the retailer's board during the merger of Sears, Roebuck and Co. and Kmart Holding Corp. In addition to being a director of Kmart prior to the merger and Sears Holdings after the merger, Day was president and chief executive officer of Kmart from March 2002 to October 2004.

The company announced that effective after its 2006 annual meeting April 12, the size of its board of directors will be reduced from 11 to nine members.