CORRECTED - Two executives retire at Sears Holdings

(Corrects headline and paragraph 1 to make clear that the former head of the tool business retired)

ATLANTA, Feb 22 (Reuters) - The head of Sears Holdings Corp's (SHLD.O: Quote, Profile, Research) Kenmore appliances and the former head of its tool business have retired as the retailer looks to overhaul operations.

Tina Settecase retired this week as vice president and general merchandise manager for appliances after 35 years with Sears, spokesman Larry Costello said on Friday.

Also, Greg Inwood, formerly head of hardware, Craftsman tools and paint, retired in recent weeks, the spokesman said. Inwood had moved into a different merchandising post before retiring.

Settecase was succeeded by Steve Light, who has worked at Sears for about seven years.

Dave Figler, a former vice president and divisional merchandising manager at office supply chain Staples Inc (SPLS.O: Quote, Profile, Research), has joined Sears Holdings to head the hardware and tools business.

The Hoffman Estates, Illinois, retailer is looking for a new chief executive and seeking to reorganize its operations in a bid to improve results. Next week, it is expected to report lower fourth-quarter results as the slumping U.S. housing market and increased competition hurt sales.

Sears Holdings, which is controlled by hedge fund manager Edward Lampert, was formed in the 2005 merger of Kmart and Sears, Roebuck. (Reporting by Karen Jacobs; Editing by Gary Hill)