Sears appoints Chief Financial Officer

18 Oct '08

2 min read

Sears Canada Inc announced that David B. Merkley, Senior Vice-President and Chief Financial Officer, will be leaving the Company to pursue other interests. He will remain with Sears until November 13, 2008, to help ensure a smooth transition. Mr. Merkley has served as Chief Financial Officer since 2005.

The Board of Directors of the Corporation is pleased to announce the appointment of Allen Ravas as Senior Vice-President and Chief Financial Officer effective October 20, 2008. Mr. Ravas has held his current position as Senior Vice President, Finance, Sears Holdings Corporation since 2005.

"On behalf of the Board of Directors and associates of Sears Canada, I want to thank David for his contribution to the Company and wish him much success in his future endeavours," said Dene Rogers, President and Chief Executive Officer, Sears Canada Inc. "I also extend a warm Sears Canada welcome to Allen as he joins us in this very important role. He brings a wealth of experience to the position of CFO which will provide leadership to the organization on all financial matters. I look forward to having Allen join our team."

Mr. Ravas joined Sears Holdings in 1997 and has held senior roles in various finance portfolios including Merchandising, Supply Chain and Off-Mall. He was with Target Corporation from 1993 to 1997 and with May Department Stores from 1980 to 1993.

Sears Canada is a multi-channel retailer with a network of 197 corporate stores, 185 dealer stores, 45 home improvement showrooms, over 1,850 catalogue merchandise pick-up locations, 106 Sears Travel offices and a nationwide home maintenance, repair, and installation network.

Sears Canada Inc

More Sears Canada Inc News... More Textiles News - Canada...