Office Depot to Adjust Top Management

A leading global provider of products, services and solutions for workplaces in the U.S. has announced its CEO will retire in 2017.

According to Office Depot, Roland Smith will step down as CEO by the end of first quarter 2017 but will remain as chairman of the board. Smith said, “My decision to retire has not been an easy one. I am extraordinarily proud of what the Office Depot team has accomplished these past three years, and I am confident that we will successfully execute our new strategy and grow shareholder value.”

In addition to Roland’s retirement, Office Depot will see other changes in its top management as part of its three-year strategic plan.

The company plans to strengthen its retail, contract, e-commerce and marketing businesses to better serve their customers. A new post called Chief Operating Officer has been created to take charge of these functions, with Troy Rice filling the role. At present, Rice is the Executive Vice President of Retailing Department.

In addition, Rob Koch has been appointed as the Executive Vice President of Business Development while the Executive Vice President of Contracts—Steve Calkins has been promoted to the Executive Vice President and Chief Legal Officer of the company.

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