 Lacy earned a BS in Industrial Management from the Georgia Institute of Technology in 1975 and an MBA from Emory University in 1977.Prior to Sears, Lacy was in senior management positions with Kraft Foods and its former parent company Altria Group.Lacy has also served as a director of The Western Union Company, Sears, Roebuck and Co., Sears Holdings Corporation, Sears Canada Inc., the Economic Club of Chicago, the Lyric Opera of Chicago and the National Retail Federation.