Sears Hometown and Outlet Stores Elects New CEO

July 2, 2015  by in Executive Changes, Industry   

Powell succeeds W. Bruce Johnson, who is stepping down as the company’s CEO and president. Powell has been senior vice president and COO of the company since its separation from Sears Holdings Corp. in October 2012. Prior to his employment with Sears Hometown and Outlet Stores, he served as senior vice president and president for Sears Holdings from November 2008 to October 2012. 

The board of directors has also elected E.J. Bird as the chairman of the board. He has been a member of the board of directors since the company’s separation from Sears Holdings.

“The board of directors is excited to have Will step into his new role as the company’s CEO and president,” said Bird. “He has served our company for many years in roles of increasing responsibility and was an integral part of our separation from Sears Holdings.” 

Powell added that he is honored and excited about the opportunity to serve as CEO and president and to work with the board of directors, executive team and associates, franchisees and dealers, and vendors. 

“Together we will accelerate our business transformation initiatives, such as ‘America’s Appliance Experts’ and our information systems transition,” said Powell. “We will also focus on growing the profitability of our compelling assortments of home appliances, tools, lawn and garden equipment, sporting goods, mattresses, furniture and household goods.”