Alan J. Lacy

Alan J. Lacy (born 19 October 1953) was the last Chairman and CEO of Sears, Roebuck and Company, which was acquired by Kmart in 2005, at which point he became Vice Chairman of that organization.

Early life and education

Lacy was born in Cleveland, Tennessee. He graduated from Cleveland High School in 1971.[1] Lacy earned a BS in Industrial Management from the Georgia Institute of Technology in 1975 and an MBA from Emory University in 1977.[2]

Career

Prior to Sears, Lacy was in senior management positions with Kraft Foods and its former parent company Altria Group. Lacy has also served as a director of The Western Union Company, Sears, Roebuck and Co., Sears Holdings Corporation, Sears Canada Inc., the Economic Club of Chicago, the Lyric Opera of Chicago and the National Retail Federation. He has also served as a trustee of the Chicago Botanic Garden and the Field Museum of Natural History.

Lacy joined Sears in 1994 and served in a number of senior positions, including Chief Financial Officer, President-Credit and President-Services before being named CEO in 2000. He became CEO of Sears Holdings Corporation following the 2005 acquisition of Sears by Kmart Holdings and Vice Chairman prior to his departure in 2006.

In addition to the sale of Sears to Kmart, Lacy's accomplishments included the acquisition of Lands' End, the sale of Sears credit operation to Citigroup and significant restructuring actions. Despite the competitive challenges Sears faced during his tenure as CEO, Sears' share price significantly outperformed the overall market and a number of key competitors (e.g. Wal-Mart and Home Depot).

He is a member of the board of directors of Bristol-Myers Squibb Company[3] and a trustee of Fidelity Funds. He is a trustee of the California Chapter of The Nature Conservancy and a director of the Center for Advanced Study in the Behavioral Sciences at Stanford University. He served as Chairman of the Board of Dave and Buster's Entertainment, Inc from 2014 to 2017. He is a former trustee and board Chair of the National Parks Conservation Association.[4][5] In addition, he was Senior Adviser to Oak Hill Capital Partners from 2007–2014.

References
  1. Bowers, Larry C. (10 September 2016). "10 are inducted into the Cleveland High Hall of Fame". Cleveland Daily Banner. Cleveland, Tennessed. Retrieved 4 February 2019.
  2. "Alumni Profile: Alan Lacy Leads Nation's Third-Largest Retailer". Georgia Tech College of Management. Summer 2005. Archived from the original on 25 June 2010. Retrieved 9 July 2011.
  3. "Bristol-Myers Squibb Names Alan J. Lacy to Board of Directors". Genetic Engineering & Biotechnology News. PR Newswire. 4 December 2007. Retrieved 5 April 2010.
  4. "Alan Lacy Joins Board of National Parks Group". National Parks Conservation Association. 15 August 2006. Archived from the original on 25 July 2011. Retrieved 14 June 2010.
  5. "NPCA Board of Trustees". National Parks Conservation Association. Archived from the original on 7 March 2010. Retrieved 14 June 2010.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.