There's good news about former Avaya CEO Lou D'Ambrosio: Almost three years after resigning as Avaya's CEO due to medical reasons, D'Ambrosio has been appointed President and CEO of Sears Holdings.
This is great news for D'Ambrosio's many admirers in the communications industry, but it also turns out to be pretty good news for the communications industry, too. That's because Sears's chairman of the board, Edward S. Lampert, specifically called out D'Ambrosio's experience in the high-tech industry as a key element of his appeal to the retailer:
From the beginning of our CEO search, we were determined to find a leader with information and technology experience who could catalyze the transformation of our portfolio of businesses in the context of the evolution of the retail industry that is occurring more broadly. Having worked closely with Lou and observing his business acumen, compelling leadership style, performance orientation and Customer First approach, I am confident that Lou is the right person to lead and transform Sears Holdings. Lou is a proven winner and I am excited to have him as the leader of our company.
D'Ambrosio was CEO of Avaya from 2006 to 2008, during which time Avaya went private via an $8.3 billion acquisition by Silver Lake Partners and TCG.
