Sears appoints new independent director

On Oct. 9, 2018, Sears Holdings Corporation announced that Alan J. Carr, the managing member and CEO of Drivetrain, LLC, has joined the company’s Board of Directors.

Carr is an experienced principal investor and advisor, leading complex financial restructurings. He currently serves as director of reorganized businesses in the US and Europe. Carr was previously an attorney at Skadden, Arps, Slate, Meagher & Flom LLP and Ravin, Sarasohn, Baumgarten, Fisch & Rosen.

Chairman and CEO of Sears Holdings Edward S. Lampert said, “Alan brings deep experience as a director for companies that went through complex organizational change. We are pleased to welcome him to the Board and look forward to the benefit of his expertise as we work to maximize value for the Company and its stakeholders.”