ESL Investments, Inc. Appoints G. Mike Mikan as President

  ESL Investments, Inc. Appoints G. Mike Mikan as President

Business Wire

NEW YORK -- December 31, 2012

ESL Investments said today it has named G. Mike Mikan as president, effective
January 1, 2013. Mr. Mikan will report to Edward S. Lampert, chairman and
chief executive officer of ESL Investments.

Mr. Mikan held various executive positions over a 14-year period at
UnitedHealth Group (NYSE: UNH), including serving as executive vice president
and chief financial officer, as well as chief executive officer of its Optum
subsidiary. Mr. Mikan has served on the Board of Directors of Best Buy Co.
(NYSE: BBY) since 2008. He was appointed Best Buy’s interim chief executive in
April 2012, serving until September 2012.

“Mike is a proven business leader who has a great track record of driving
operating performance and a diverse background spanning operations, finance
and strategy,” Edward S. Lampert said. “Mike's background fits with our
strategy and he will be a great asset to me and to ESL's portfolio companies.”

“I have a great deal of respect for Eddie and the world-class investment firm
he has built. ESL's philosophy of making long-term investments in companies
and working with managements fits with my experience and passion in helping
companies grow their businesses and reach their potential through operational
excellence,” Mr. Mikan said. “I look forward to partnering with Eddie and the
team at ESL.”


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Steve Lipin/Mary Zimmerman
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