Staples shakes up C-suite

Staples (NASDAQ:SPLS) announced leadership changes that put greater focus on its business-to-business segment as the retailer faces a future minus Office Depot.

The immediate goal is to create a more efficient, focused organization, according to the company.

"We are streamlining the organization and building a simplified structure that will speed decision-making and enable us to focus on driving profitable growth," said Ron Sargent, chairman and CEO. "These changes will help us compete in a rapidly evolving marketplace, either as a standalone company or in combination with Office Depot."  

Shira Goodman, currently President, North American Commercial, has been named President, North American Operations. She will be responsible for Staples' business-to-business, online and retail operations across the United States and Canada. Goodman joined Staples in 1992.

John Wilson, currently President, Staples Europe, has been named President, International Operations and Transformation. He will have responsibility for operations in Europe, Australia, New Zealand, Latin America and Asia. He will also be responsible for the company's strategy and overall transformation efforts. Wilson served as CFO at Staples from 1992 to 1996. He rejoined Staples in 2012.

Additionally, Demos Parneros, president, North American Stores and Online, announced his resignation effective March 31. Otis Pannell, senior VP, U.S. Retail Operations, will have responsibility for retail operations in the United States and will report to Goodman.

Staples agreed to buy Office Depot for $6 billion in February 2015, but the the Federal Trade Commission has blocked the deal, claiming it would significantly reduce competition in the office supply market.

For more:
-See this Staples announcement

Related stories:
FTC blocks Staples-Office Depot merger
Staples purchase of Office Depot not easy, EU investigates
Office Depot closes $1.2B merger with OfficeMax
Staples, Office Depot, one investor away from a merger?
Staples expands omnichannel capabilities

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