Sears Holdings Corporation announced that Donald J. Carty has informed the company that he has decided not to stand for re-election to the board of directors at the company's scheduled annual meeting in May. Mr. Carty, who was named Vice Chairman and Chief Financial Officer of Dell Inc. in January 2007, plans to devote more time to Dell matters.
Mr. Carty joined the board of Sears Holdings at the time of the merger of Sears, Roebuck and Co. and Kmart Holding Corporation. Edward S. Lampert, Chairman of Sears Holdings, said, “I want to thank Don for his service on the board and for his leadership, guidance and counsel. I especially appreciate the commercial judgment that Don contributed to our company.”
Mr. Carty will continue to serve as a director of Sears Holdings until the company's 2007 annual meeting.
