Office Depot (NYSE: ODP) announced that it has appointed former supermarket and fast-food chain executive Roland C. Smith as its new chairman and CEO, just one week after the retailer finalized its $1.2 billion merger with Office Max.
The newly-combined company made the announcement Tuesday, Nov. 12, and also said that the former CEOs of both companies, Neil Austrian and Ravi Saligram, have resigned and stepped down from the board.
Smith, 59, was most recently the CEO of Delhaize America, which operates the Food Lion and Hannaford supermarket chains. Before that, he was president and CEO of fast food chain The Wendy's Co and also led operational turnarounds at American Golf Corporation, the world's largest owner and operator of golf courses, and AMF, the world's largest owner and operator of bowling centers.
Now that a CEO of Office Depot has been named, the company is expected to get to work on deciding where the company's headquarters will be based, either in Naperville, OfficeMax's location, or Boca Raton, Fla., the home of Office Depot. Currently, the company is still doing business from both locations.
For more, see:
This Office Depot press release
This Washington Post article
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