Sears adds restructuring/bankruptcy expert to board


Sears Holdings Corp. on Tuesday indicated that a complex restructuring could be in its offing as it named a noted expert on bankruptcy to its board.

The beleaguered Hoffman Estates, Illinois-based retailer (Nasdaq: SHLD) said it's adding Alan Carr, managing member and CEO of Drivetrain, to its board.

"Carr has significant experience as a principal, investor and advisor leading complex financial restructurings, as well as serving as a director of reorganized businesses in the U.S. and Europe,"…

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