Sears Canada CEO resigns; appoints COO as new chief executive
Toronto – Sears Canada CEO Calvin McDonald has resigned to take a position with an unnamed international company. The retailer named COO and executive VP Douglas C. Campbell as president and CEO.
As COO, Campbell was responsible for retail store operations, logistics, replenishment, IT, corporate procurement, and international sourcing. Prior to joining Sears, Campbell was a principal with Boston Consulting Group and also an officer in the U.S. Marine Corps.
"I am excited about the opportunity to lead a company with such a great brand and history, and to continue to improve the performance of Sears," said Campbell. "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."
Canadian press reports indicate McDonald disagreed with parent company Sears Holdings about how quickly money was being spent to fund Sears’ turnaround effort.