Board of Directors
The Company’s Board of Directors has five members who will serve until the next Annual Meeting of Stockholders. Here are the current members of the Board of Directors:
E.J. Bird has been a director of the Company since its October 2012 separation (the “Separation”) from Sears Holdings Corporation, a retailer holding company (“Sears Holdings”), and he serves as the Company’s Chairman of the Board. Since March 2013 he has served as Executive Vice President and Chief Financial Officer of Sears Canada Inc., a retailer. Mr. Bird served as a director of Sears Canada Inc. from May 2006 until September 2013. Prior to his Sears Canada Inc. employment he was a private investor. He is also the President of Overflow Ministries, a not-for-profit organization, and has held this position since October 2003. Mr. Bird served as an analyst for Levine Investments, an investment partnership with public and private investments, from July 2002 to February 2010 and as Chief Financial Officer of ESL Investments, Inc., a hedge fund, from September 1991 to June 2002.
Jeffrey Flug has been a director of the Company since the Separation. He serves as the Chair of the Compensation Committee and as a member of the Audit Committee and the Nominating and Corporate Governance Committee. From August 2009 until June 2015 he held a variety of senior positions with Union Square Hospitality Group, LLC, a restaurant chain, most recently as its President and as a member of its Board of Directors. From April 2006 to June 2008 Mr. Flug was Chief Executive Officer and Executive Director of Millennium Promise Alliance, Inc., a non-profit organization whose mission is to eradicate extreme global poverty. Mr. Flug was a Managing Director and Head of North American Institutional Sales at JPMorgan Chase & Co., a banking and financial services company, from May 2000 to April 2006. From August 1988 to May 2000, Mr. Flug was a Managing Director for Goldman Sachs & Co., a banking and financial services company, in its Fixed Income Division. He has been a director of PennantPark Investment Company, an investment banking and financial services company, since February 2007, a director of PennantPark Floating Rate Capital Ltd., an investment company, since October 2010, and a director of Shake Shack Inc., a fine casual restaurant business, since September 2014.
James F. Gooch has been a director of the Company since March 2013. He serves as the Chair of the Audit Committee. From March 2014 until December 2014 he served as Co-Chief Executive Officer and Chief Administrative Officer of DeMoulas Supermarkets, Inc., a retailer. He served as President and Chief Executive Officer of RadioShack Corporation, an electronics retailer, from May 2011 to October 2012, as President and Chief Financial Officer of RadioShack Corporation from January 2011 to May 2011, and as Chief Financial Officer of RadioShack Corporation from August 2006 to January 2011. Earlier in his career he was employed by Helene Curtis (a personal-care and beauty-products company), The Quaker Oats Company (a food-products company), Kmart Corporation (a retailer), and Sears Holdings.
Josephine Linden has been a director of the Company since the Separation. She serves as the Chair of the Nominating and Corporate Governance Committee and as a member of the Audit Committee and the Compensation Committee. She founded and has been the managing member and principal of Linden Global Strategies LLC, a New York-based, SEC-registered investment management firm, since September 2011. From September 2010 to July 2011, she taught as an Adjunct Professor in the Finance Department of Columbia Business School. In November 2008 Mrs. Linden retired from Goldman, Sachs & Co. as a Partner and Managing Director after having been with the firm for more than 25 years, where she held a variety of roles, including Managing Director and Regional Manager of the New York office for Private Wealth Management, head of Global Equities Compliance, and an Advisor to GSJBWere, Australia. She has served as a director of Lands’ End, Inc. since March 2014 and as its Chairman of the Board since October 2014. She is currently a trustee, and serves as chair of the Finance Committee and Treasurer, of Collegiate School in New York, New York and acts as financial advisor to The Prince of Wales Foundation, a not-for-profit organization.
Will Powell has been the Chief Executive Officer and President of the Company and a director since July 1, 2015. From the time of the Separation until July 1, 2015 he served as the Company’s Senior Vice President and Chief Operating Officer. Prior to his employment with the Company he served as Sears Holdings’ Senior Vice President and President, Hometown Stores (at that time a division of Sears Holdings), positions he held from November 2008 to October 2012. From November 2007 until November 2008 Mr. Powell served as Sears Holdings’ Vice President and General Manager, Outlet Stores (at that time a division of Sears Holdings), and from January 2006 to November 2007 he served as Sears Holdings’ Divisional Vice President, Stores/Sales-Dealer Stores. He joined Sears Holdings in August 2003.