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Sears' Lampert seeks advice from Ford CEO Mulally

Sears chairman Eddie Lampert has sought advice about turning around the struggling retailer from Ford Motor Co. chief Alan Mulally. The meeting, reported Friday by Reuters, led some observers to wonder if Mulally might join the Hoffman Estates retailer after he leaves Ford.

Mulally, who will retire July 1, is credited with reversing Ford’s fortunes.

Sears declined to comment about the meeting, which happened in February and March. A Ford spokeswoman said the 68-year-old Mulally hasn’t decided what he’ll do after he leaves the company.

Fortune reports Mulally has signed non-disclosure agreements with several companies as he figures out his next leadership role, one person said.

“When I graduate on July 1st, I’m really going to think about where I’m going to serve next,” Mulally said Friday on CNBC. While, he’s “honored to be asked about Ford’s transformation” by Lampert, Mulally said he is focused “100%” on the management transition at Ford right now.

Sears may close more stores as sales remain soft

Ford’s Fields to replace Mulally as CEO July 1