Sears Holdings Corporation named Lisa Schultz as executive vice president, Sears Holdings Apparel Design, a new position. In this new role, Schultz will have responsibility over all of Sears' and Kmart's apparel design teams. She will report to Chairman Edward S. Lampert. Previously, Schultz was senior vice president of design for Kmart.

Mr. Lampert stated, “In two years, Lisa has assembled a team of talented and enthusiastic designers and has refashioned and defined the Kmart apparel line. She has also been a valuable contributor to the development of our strategy. Lisa's demonstrated ability to attract, retain and develop creative talent will be critical as she expands our combined design organization and works with our valuable design associates in New York City and Hoffman Estates.”

Schultz, who previously was responsible for the development and success of the Gap's design organization, joined Kmart in the fall of 2003.