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updated: 2/6/2014 9:39 AM

Sears Holdings names chief of pharmacy business unit

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Hoffman Estates-based Sears Holdings has named Mark Panzer as senior vice president and president, Pharmacy.

Panzer most recently served as president and CEO of Pharmaca Integrative Pharmacy, Inc. In his new role with Sears Holdings, he will be responsible for the oversight and leadership of the company's Pharmacy business under the Kmart format, both in-store and online.

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"Mark's breadth and depth of retail store operations, pharmacy and marketing experience make him an ideal fit to lead the Pharmacy business," said Edward S. Lampert, Sears Holdings Chairman and CEO. "Mark is an executive with proven success in blending wellness with innovative strategies to enhance members' healthy lifestyles supported by leading technology, similar to our Shop Your Way platform."

Prior to Pharmaca, Panzer held the position of senior executive vice president and chief marketing officer with Rite Aid Corporation from 2005 to 2008. He was named to the role after serving as the senior executive vice president of store operations from 2001 to 2005 with responsibility for both pharmacy and front-end operating results. Mr. Panzer's career includes 17 years with Albertson's, American Stores and Jewel Companies, serving in senior-level management positions in operations, marketing merchandising and real estate.

Mr. Panzer received a Master's of Business Administration in Finance from Loyola University -- Chicago and a Bachelor's in Business Administration from Northeastern Illinois University.

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