President: 1928-1939
Chairman: 1939-1954
Honorary Chairman: 1968-1969
"The price of leadership is unceasing
effort; we cannot get smug and self-satisfied,
we must always keep learning, we must keep
improving our methods, our organization, if we
are to retain our leadership." (1950) |
The long career of Brigadier General Robert Elkington Wood
was distinguished by outstanding success in two separate fields
- the military and business.
Robert Elkington Wood was born June 13, 1879, in Kansas City,
Mo. Wood graduated from the U. S. Military Academy at West Point
in 1900. In 1905, after serving two years in the Philippines,
Wood was ordered to the Panama Canal Zone, where he worked for
the next 10 years.
In May of 1915, Wood retired from the Army to enter the
business sector. When the United States entered World War I in
1917, Wood immediately offered his services to the War
Department and served as a colonel in the 42nd (Rainbow)
Division.
Col. Wood was later ordered back to Washington, D.C., to
assume new duties as the acting quartermaster general, with the
rank of brigadier general. For his service in World War I, Wood
received the Distinguished Service Medal, the Legion of Honor
from France, and the Order of St. Michael and St. George from
Great Britain.
Returning to civilian life in 1919, he joined mail-order
giant Montgomery Ward as the general merchandise manager before
being named vice president. Wood left the company in 1924 to
become vice president of Sears and to lead its factory
operations.
So began a 30-year period for Wood as an officer of Sears in
which he led it into retailing pre-eminence. Wood spearheaded
the Sears program to open retail stores outside of urban
centers. The store expansion program was a huge success and
brought Wood the presidency of Sears in January 1928, upon the
death of Charles Kittle. In 1939, he was named chairman, and he
continued to direct Sears throughout World War II. During the
war, Wood also served the U.S. government as a civilian adviser
to the Army Ordnance Corps and Air Corps, making two trips
around the world to visit war fronts, Wood was rewarded with the
Legion of Merit, the Army's third-highest decoration.
While many companies saved pennies during the
materials-rationing era of World War II, Wood directed Sears to
research and anticipate the post-war demographic and economic
climates. From 1945 to 1953, Sears spent more than $300 million
on physical improvements and additional facilities. Sears' sales
almost tripled in the same period.
Under Wood's leadership, Sears went from being the
largest mail-order business primarily serving the
rural population to the world's largest merchandiser. Wood's
intuitive sense for retailing was finely honed, but it wasn't
merely guesswork. Gen. Wood's basic measure of Sears success was
the sales of shoes and hammers. His reason? Because everyone
needed those two items.
During his tenure as president and chairman, Wood became very
interested in the Sears savings and profit-sharing pension
plan. This fund, which held the largest block of stock in Sears
at the time of his death, was one of Wood's abiding interests:
"I'm prouder of it than of anything else I ever did in
business."
He retired as chairman of Sears in 1954 to slow down his
hectic pace, but remained a member of the board of
directors for Sears and Allstate. When he retired as a director
in 1968, he was elected honorary chairman of the board of Sears.
Gen. Wood died November 6, 1969, at age 90 at his home in Lake
Forest, Ill.
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