Office Depot announces retirement of CEO, executive reorganization
Mr. Smith will continue to serve as CEO until a successor is named, which is expected by the end of first quarter 2017. It is expected Mr. Smith will remain Chairman of the Board.
Office Depot also announced that it is reorganizing its Executive Committee. As part of that plan, Office Depot is consolidating its retail, contract, ecommerce and marketing operations to better serve our customers in today’s omni-channel marketplace.
These functions will now report to Troy Rice, who has been named to the newly-created position of Chief Operating Officer, North America.
Mr. Rice currently serves as Office Depot’s Executive Vice President, Retail.
The company has also named Rob Koch to the newly-created position of Executive Vice President, Business Development.
Mr. Koch is currently Senior Vice President, Real Estate, and will continue to oversee the company’s real estate portfolio, including leading Phase II of the retail optimization plan.
Additionally, Steve Calkins, Executive Vice President, Contract, has been promoted to Executive Vice President and Chief Legal Officer.
Mr. Rice and Mr. Koch will serve on the company’s Executive Committee.
Mr. Calkins is a seasoned legal and business leader who previously served as Vice President and Deputy General Counsel of the company, as well as spent a number of years in private law practice.
Mr. Calkins replaces Elisa Garcia, who recently left the company. Mr. Calkins will serve on the company’s Executive Committee.