Head of Craftsman tools resigns

Scott Freidheim, president of the Craftsman, Kenmore and DieHard brands at Sears Holdings, has resigned, according to an Aug. 23 filing with the Securities and Exchange Commission (SEC). Freidheim, who took over the position seven months ago, is leaving on Sept. 2 “to pursue another opportunity,” the SEC filing said.

Prior to joining Sears in 2009 as executive VP operating and support businesses, Freidheim was with Lehman Brothers for more than 17 years, holding officer positions in the investment banking, investment management and corporate divisions, including executive VP and chief administrative officer. 

The announcement follows shortly after Craftsman brand tools wound up for sale at Menards stores. There is no official indication, however, that the two events were related.