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Sears Canada CEO Resigns

Douglas Campbell succeeds Calvin McDonald as president and chief executive officer.

Sears Canada Inc. has promoted Douglas Campbell to president and chief executive officer, effective immediately, following the resignation of former ceo Calvin McDonald.
 
According to the firm, McDonald informed the board of directors that he was leaving to “pursue an opportunity with a leading international company.”
 
Campbell, who is a member of Sears Canada’s board, joined the firm in March 2011, and most recently held the title of executive vice president and chief operating officer.
 
In this position, Campbell was responsible for retail store operations, logistics, replenishment, information technology, corporate procurement and international sourcing.  Before joining Sears, Campbell served as a principal with Boston Consulting Group, where he led turnaround projects and worked across a broad sector of industries, including retail, manufacturing, packaged foods, chemicals and pharmaceuticals.
 
“I am eager to move us forward, to work closely with our management team and to continue to engage our customers and our 25,000 associates to better serve families and communities across Canada,” Campbell said.
 
“Doug’s disciplined approach has been instrumental in managing costs and driving efficiencies,” said William Crowley, chairman of Sears Canada “We look forward to his leadership as we continue to improve profitability across the business. We believe that the future remains bright for a more focused and competitive Sears Canada.”