Sears appoints Mohsin Meghji as Chief Restructuring Officer
Mohsin Meghji, Managing Partner of M-III Partners, has been appointed Chief Restructuring Officer. Meghji is a nationally recognized U.S. turnaround professional with a track record of revitalizing companies experiencing financial, operational or strategic transitions to maximize value for stakeholders. He has joined the company's senior management team and will help lead the company's restructuring efforts, reporting to the Restructuring Committee. The board has formed a special committee that will oversee the restructuring process and have decision making authority with respect to transactions involving affiliated parties. The Restructuring Committee consists solely of independent directors and includes Alan Carr, Paul DePodesta, Ann Reese, and William Transier.