Sears Names Second CFO in 7 Months

Sears Holdings Corp. named its second finance chief in less than a year last Friday, as the struggling department store chain updated investors on its restructuring plan. The Hoffman Estates, Ill.-based company named Rob Riecker finance chief effective immediately. Riecker was previously controller and head of capital markets activities, and has been with Sears since 2005. He succeeds Jason Hollar, who took on the CFO role in October. The turnover in the finance role comes at a troubling time for Sears, which has posted a loss for six consecutive years.

Hollar resigned to pursue another career opportunity, Sears said.