Sears Holdings Corporation announced that Steven T. Mnuchin has informed the company that he has decided to step down from the company's board of directors, effective immediately. President-elect Donald J. Trump recently announced his intent to nominate Mr. Mnuchin as Secretary of the United States Department of Treasury. 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. Previously, in May 2003, he was named to the board of directors for Kmart Holding Corporation.