Edward Brennan, 73, who started as a sales associate at a Sears store in Wisconsin and rose to become chairman and CEO of Sears, Roebuck and Co. in the mid-1980s, died Thursday at his home in Burr Ridge, Ill.
"We were saddened today to learn of the passing of Sears' former Chairman and CEO Edward Brennan," Sears spokeswoman Kim Freely said. "Our thoughts and prayers are with the entire Brennan family during this difficult time."
Brennan also served as board chairman at American Airlines parent AMR Corp. when previous Chairman Donald Carty was forced out.
The Chicago native served on a variety of boards, including McDonald's Corp., 3M Corp. and Exelon Corp.
Brennan retired from Sears and its board of directors on Aug. 9, 1995.
In January 1981 he was elected chairman and chief executive officer of the company's retail group and helped handle the acquisition of Dean Witter Reynolds, Inc. and Coldwell, Banker & Company. From 1984 to 1986 Brennan was corporate president and chief operating officer.
In 1986 he became chairman of the board and chief executive officer. The company that year began its Discover Card, claiming 12 million holders by year's end.
Terry Armour, 46, a longtime reporter and columnist for the Chicago Tribune, died Friday at a Chicago hospital, where he was taken after falling ill.