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The chairman of Sears Holdings (SHLD) and ESL Investments, Eddie Lampert, will step down from the AutoNation (AN) board in May. He will not seek re-election in order to spend more time with his duties at Sears and ESL.
"I look forward to continuing to be involved with the company, and ESL currently plans to remain a significant shareholder for the foreseeable future," Lampert said.
Similarly, Lampert stepped down from AutoZone (AZO) last September.
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