S&P: Sears Holdings unaffected

Standard & Poor's said that Sears Holdings Corp.'s (BB/stable) announcement that Aylwin Lewis, currently CEO and president, will leave the company has no immediate impact on Sears' credit rating or outlook.

According to S&P, W. Bruce Johnson, currently executive vice president, supply chain and operations, has been appointed interim CEO and president.

Led by Edward Lampert, chairman of Sears and CEO of ESL Investments Inc., which owns 42% of Sears' common stock as of Feb. 3, a search has begun for a permanent CEO, the agency said.

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