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Two top executives from Sears Holdings have announced retirement, in the midst of the company’s major restructuring project aimed at creating independently run departments, which the company says are meant to increase efficiency.
Tina Settecase, vp-Kenmore appliances; and Greg Inwood, vp-Craftsman tools, hardware and paint, have retired from the company, according to the Wall Street Journal.
Settecase, 58, announced her retirement last week after 35 years with the company. She will be succeeded by Steven Light, vp-inventory management.
Inwood, a 30-year veteran of the company, announced his retirement four weeks ago and was reassigned as vp-merchandising shortly before his retirement. He will be succeeded by Dave Figler, a former vp at Staples.
Both Light and Figler will report to Douglas Moore, senior vp-electronics, appliances and tools business units.
Robert Luse, senior vp-human resources; and John Walden, executive vp and chief customer officer, have also left the company in recent weeks.