Sandy Douglas Named as New Staples’s CEO

Sourced From The Wall Street Journal

U.S. office supplier Staples Inc.(Staples), which was taken private by Sycamore Partners last year, has named Coca-Cola’s North American President, Sandy Douglas as its new CEO.

Douglas will replace Shira Goodman starting on April 2 after spending nearly 30 years at Coca-Cola.

John Lederer, executive chairman of Staples’ delivery business, said in a letter to employees, “I know I speak for all our associates in acknowledging and thanking Shira for her years of dedicated leadership and wishing her the best in all future endeavors.”

Sycamore Partners, a private-equity firm,  bought Staples in September 2017 for about US$6.9 billion and has since split the company into three divisions focusing on U.S. retail, Canadian retail and a delivery business that serves big corporate and government customers.