Sears Holdings Corporation, a leading retailer focused on connecting the digital and physical shopping experiences, has announced that Bruce R. Berkowitz will step down from the company’s board of directors, effective October 31, 2017. Berkowitz joined the board of Sears Holdings in February 2016. Sears is home to Shop Your Way, a social shopping platform.

Edward S. Lampert, chairman and CEO of Sears Holdings said, “On behalf of the board of directors and management, I want to thank Bruce for his long-term commitment and investment in Sears Holdings. His leadership, guidance, and counsel as a board member have been invaluable to our company.”

Berkowitz said, “It has been a pleasure to serve on the board of Sears Holdings and work closely with Eddie and the rest of the leadership team. I wish the company and its associates all the best as Sears Holdings continues to execute on its strategic priorities.”

Berkowitz serves as the chief investment officer of Fairholme Capital Management, LLC, an investment adviser registered with the SEC, and is the president and a director of Fairholme Funds, Inc., a SEC-registered investment company. (GK)

Fibre2Fashion News Desk – India

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