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Steven Mnuchin steps down from Sears board

Steven Terner MnuchinSears Holdings Corporation announced that Steven Terner Mnuchin has informed the company that he has decided to step down from the board.

Mr. Mnuchin joined the board of Sears Holdings in March 2005 at the time of the merger of Sears, Roebuck and Co. and Kmart Holding Corporation.

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Previously, in May 2003, Mr. Mnuchin was named to the board of directors for Kmart Holding Corporation.

Mr. Mnuchin is a Co-Founder, Co-Chief Executive Officer and Chairman of Dune Capital Management. He co-founded OneWest Bank Group in 2004 and served as its Chairman and Chief Executive Officer.

He is a Founder of Dune Real Estate Partners LP. He was an Investment Professional of Soros Fund Management and director of CIT Group.

Mr. Mnuchin has a bachelor's degree from Yale University.

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