Multi-channel retailer Sears Canada Inc. (SCC.TO) said Tuesday that its board of directors has appointed E.J. Bird as interim chief financial officer. His appointment comes after Sharon Driscoll resigned as chief financial officer in early January to pursue other interests.
Bird will continue to serve as a director of Sears Canada, a role he has held since 2006. He will resign as lead director and member of the audit committee.
Bird earned his MBA at Stanford's Graduate School of Business in California where he was an Arjay Miller Scholar. In between degrees, Bird worked in the audit department of Price Waterhouse's Houston office.
Bird has worked extensively in the investment arena, is an independent director at Global Water Resources Inc. of Phoenix, Arizona and at Sears Hometown and Outlet Stores, Inc. of Hoffman Estates, Illinois.
Most recently, he led his own company business providing consulting services. He and his wife founded Blue Ridge Christian Academy near Tigerville, South Carolina in 2003, where he served as Treasurer of the school until this past January.
Calvin McDonald, President and Chief Executive Officer of Sears Canada said, "E.J. not only brings experience in the financial sector to the Company, but also a personal knowledge of the business and our current initiatives having served as a director for the past seven years. It's been of great benefit working with E.J. on the Board and I'm excited to work with him on a daily basis."
In late December, Sears Canada announced the the resignation of its senior vice president and CFO, Sharon Driscoll, effective January 4, 2013 to pursue other interests. Driscoll was associated with the company since November 2008 and has served in the CFO role since December 2010.
Sears Canada, in late February, reported a lower fourth-quarter profit, reflecting a decline in revenues. Home electronics and Craftsman, which includes snowblowers and hardware, contributed to majority of sales decline.
SCC.TO closed Monday's trading at $9.62 on a volume of 27,700 shares.
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