Sears CFO: Company Has Everything It Needs For A Turnaround

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Sears CFO: Company Has Everything It Needs For A Turnaround
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Sears Holdings Corp (NASDAQ:SHLD) CEO and largest shareholder Eddie Lampert mentioned in his most recent shareholders letter that the company would be reaching out to investors and the public more often through its blog, and now CFO Rob Schriesheim has joined the fray. In his first Sears Holdings blog post, Schriesheim argues that the company has all the essential ingredients for a successful turnaround.

“Successful transformations always require three critical elements: financial staying power to fund the necessary investments, leadership committed to seeing things through challenging circumstances and long term investors who are willing to place their capital at risk,” writes Schriesheim. “We are fortunate that in the case of Sears Holdings, we have all three.”

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