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Article updated: 1/7/2013 9:01 PM

D’Ambrosio steps down as Sears CEO

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Louis J. D'Ambrosio

Hoffman Estates-based $START_URL$Sears;http://www.sears.com$STOP_URL$ Holdings Corp. said Monday that Chief Executive Officer Louis J. D'Ambrosio will step down amid corporate losses due to family health matters at the end of the company's fiscal year on Feb. 2.

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Hoffman Estates-based Sears Holdings Corp. said Monday that Chief Executive Officer Louis J. D'Ambrosio will step down amid corporate losses due to family health matters at the end of the company's fiscal year on Feb. 2. Edward S. Lampert will then assume the role of CEO in addition to his role as chairman of the board.

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    • Louis J. D’Ambrosio
    • Hoffman Estates-based $START_URL$Sears;http://www.sears.com$STOP_URL$ Holdings Corp. said Monday that Chief Executive Officer Louis J. D’Ambrosio will step down amid corporate losses due to family health matters at the end of the company’s fiscal year on Feb. 2.
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