Hoffman Estates, Ill.-based Sears Holdings Corp. announced Monday that Louis J. D'Ambrosio will step down as CEO for family health matters at the end of the company's fiscal year on Feb. 2. Edward S. Lampert will then assume the role of CEO of Sears Holdings, in addition to his role as chairman of the board of directors.
"The board greatly appreciates Lou's strong leadership in accelerating the transformation of Sears Holdings, and we understand and respect his personal decision to step down," said Lampert.
"Lou has guided Sears Holdings during a time of rapid industry change to become a more customer and member-focused company and positioned us to lead in integrated retail," said Lampert in a prepared statement. "His contributions to our company have been significant, and t