SEARS CANADA APPOINTS NEW CEO, CHAIRMAIN
By Adnews Staff
Sears Canada has appointed Brent Hollister president and chief executive officer and Glenn Richter chairman of the board. The contract of former chairman and CEO Mark Cohen was terminated because of "strategic differences over the future direction of the business," according to the company. Hollister was most recently president and chief operating officer of Sears Canada. Richter will retain his position as executive vice-president and chief financial officer of Sears, Roebuck and Co. and a member of the Sears Canada board of directors.
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