Sears Canada Inc said Chief Financial Officer Sharon Driscoll will resign, two years after being promoted as the finance head of the retailer which is in the middle of a turnaround plan. Sears Canada, majority-owned by Sears Holdings Corp , last year hired Calvin McDonald as chief executive to lead a three-year plan that includes focusing on categories in which it is strongest such as mattresses and major appliances.Driscoll, the company's finance head since December 2010, will be resigning effective Jan. 4, Sears Canada said on Monday.The resignation had nothing to do with McDonald's plan, Sears Canada spokesman Vincent Power told Reuters.The CEO said last month that the pace of execution of the plan had not met expectations.
Sears Canada Inc. (Sears) is a multi-channel retailer. Shares of SCC remained unchanged at $10.66. In the past year, the shares have traded as low as $10.60 and as high as $13.00. On average, 131986 shares of SCC.TO exchange hands on a given day and today's volume is recorded at 0.
Sears Holdings Corporation (Holdings) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. Shares of SHLD remained unchanged at $40.83. In the past year, the shares have traded as low as $28.89 and as high as $85.90. On average, 1095540 shares of SHLD exchange hands on a given day and today's volume is recorded at 0.
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