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Sears Canada CFO Stepping Down

December 26, 2012

Sears Canada Inc. said Chief Financial Officer Sharon Driscoll will resign, two years after being promoted as the finance head of the retailer in the middle of a turnaround plan.

Sears Canada, majority-owned by Sears Holdings Corp., last year hired Calvin McDonald as chief executive to lead a three-year plan that includes focusing on categories in which it is strongest such as mattresses and major appliances.

Driscoll, the company's finance head since December 2010, will resigb effective Jan. 4, Sears Canada said on Monday.

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