Retail group Sears Holdings has named a team of new executives and has announced the departure of president and chief merchant Luis Padilla.

Sears has appointed Maureen McGuire to the newly created position of executive vice president and chief marketing officer for Sears. McGuire joins from IBM, where she worked for 30 years, most recently as vice president, strategy and marketing, worldwide systems and technology group.

Corwin Yulinsky is joining Sears as executive vice president, customer strategy and insight, from his role at McKinsey and Co, where he was a leader of financial institutions practice. Yulinsky also worked for Chase Manhattan Bank, serving as senior vice president and executing customer relationship strategy.

David McCreight, who has been acting as interim president of the company's Lands' End division, has been formally appointed into the role on a permanent position. McCreight joined Lands' End in 2003 as chief merchant.

Sears also announced that president and chief merchant Luis Padilla would be leaving the company on 31 October. The company said it is currently looking for a successor for Padilla and that the senior merchants leading Sears' home and apparel businesses will report to chairman Edward Lampert.

Sears Holdings Corporation operates about 3,900 full-line and specialty retail stores in the US and Canada.

Sears Holdings Corp was formed earlier this year when Sears merged with the Kmart retail chain.

Sears has suffered continually poor sales in recent years, despite introducing new concepts such as Lands' End.