Sears Holdings has a new board member

Sears Holdings Corporation has elected Kunal Kamlani to its board of directors, who was recently Prestige Cruise Holdings' president and CEO.

"I am very pleased to welcome Kunal to our board," said Sears Holdings chairman and CEO Edward Lampert. "His broad-based financial services expertise coupled with leading a company with a strong focus on its customers make him a great fit for our board as we continue our transformation to a member-centric company that leverages Shop Your Way and Integrated Retail."

Kamlani was previously at Prestige overseeing the company's Oceania Cruises and Regent Seven Seas Cruises brands. Before that, he was serving as CFO for Prestige, and he also headed up Bank of America/Merrill Lynch's Global Investment Solutions division prior to his time there. His resume also includes stints as COO of Smith Barney and VP corporate development for Starwood Hotels & Resorts.

With the addition of Kamlani, the Sears Holdings board of directors now has eight members.