Sears Holdings Hires CFO-elect

NEW YORK — Sears Holdings Corp. announced yesterday that Michael D. Collins is the new SVP of finance. He is also expected to become the company’s CFO at the end of the fiscal year, when J. Miles Reidy steps down to attend to a family issue.

Collins has an 18-year history with General Electric Corp., most recently as the company’s SVP of planning and analysis at the NBC Universal Division. A graduate of the University of Pennsylvania, Collins is also a certified public accountant.

“We have asked [Collins] to continue to build a rigorous and analytic finance function,” Bruce Johnson, interim CEO and president of Sears Holdings, said in a statement. “With our new operating model, we need to ensure that our business unit leaders have the detailed information and finance support to drive effective decision-making.”

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