William Crowley, executive vice president, chief administrative officer and a member of the board, has been serving as interim CFO. Mr Reidy joins Sears Holdings from Capital One Financial Corporation, where he served in a number of senior financial and planning positions. Prior to Capital One, he held a variety of financial and strategic positions at other significant financial institutions, including Chevy Chase Bank, First Commerce Corporation and Mellon Bank Corporation. Mr Crowley said: "Miles has built and led highly quantitative, analytical finance organizations. We have asked Miles to bring to Sears Holdings this rigorous approach to testing and creating value through data-driven decisions." Mr Reidy said: "I'm looking forward to making a meaningful contribution to Sears' ongoing efforts to create a great retailer and welcome an opportunity to work with such a strong and committed team."