Lampert replaces Sears’ commuting CEO

|

The news that Edward Lampert will take over CEO duties at Sears Holding for Louis J. D’Ambrosio comes just a few weeks after business blog footnoted nominated D’Ambrosio’s commuter benefits for one of the worst footnotes of 2012.

According to footnoted.com, D’Ambrosio, a Philly resident, was using the corporate jet to commute from home to work outside of Chicago since being hired more than a year ago. footnoted said generally, a CEO moves into the area where the company is headquartered.

Sears announced that due to family health matters D’Ambrosio would step down as CEO in February, but remain on Sears’ board. Lampert will assume his duties.

For more on this see:

http://www.ctpost.com/news/article/Lampert-faces-tough-road-as-Sears-CEO-4174962.php

Categories: Wall Street
Rob Varnon

Comments are closed.