Office equipment retailer Office Depot, Inc. named Roland C. Smith to be its chairman and CEO, effective immediately. A decision on the location of new company headquarters have not yet been finalized.
Today's Office Depot is the company that was created out of last week's merger of Office Depot and OfficeMax. The two retailers merged on Nov. 5, 2013, to create a new retain chain with 2,200 stores and $17 billion in combined annual revenue.
With the search for a new CEO incomplete at the time of the merger, Neil Austrian, chairman and CEO of Office Depot, and Ravi Saligram, president and CEO of OfficeMax, had been serving as co-CEOs. As a result of Smith's appointment, Austrian and Saligram have resigned from the company and board.
At the time of the merger, the company said a decision on the permanent headquarters for the new company would not be made until the new CEO was brought on-board. Operations are continuing in the pre-merger headquarters in Boca Raton, FL, and Naperville, IL.
Smith said understood there was a need to quickly make a headquarters decision in order to drive integration efforts.
Smith was most recently the CEO and president of Delhaize America, LLC, the U.S. division of Delhaize Group. Delhaize America had $18 billion in annual revenue through its U.S. supermarkets, including Food Lion and Hannaford. Previously, Smith was president and CEO of The Wendy's Company; president and CEO of Wendy's/Arby's Group, Inc.; and CEO of Wendy's International, Inc.
Smith 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.
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