Office Depot names Roland Smith as CEO
Office supplies giant Office Depot, now larger after its merger with former rival Office Max, has named a new chief executive: Roland C. Smith, a veteran in marketing consumer products.
Smith has led restaurant and supermarket chains and led turnarounds at a golf company and bowling alley chain.
He recently was chief of Delhaize America, the U.S. division of Delhaize Group. Delhaize America produces over $18 billion in annual revenue through its U.S. supermarkets, including Food Lion.
He also had been chief of The Wendy’s Co.; Wendy's/Arby's Group; and Wendy's International. In addition, he led Triarc Restaurant Group of Fort Lauderdale, which had included Arby’s.
Smith is known for turnarounds at American Golf and the AMF bowling alley company. He also has experience with KFC International, Pepsi co and Procter & Gamble, among others.
Office Depot said it selected Smith from more than 100 candidates considered for the job. He replaces CEO Neil Austrian of Office Depot and Ravi Saligram of OfficeMax, who have resigned.
The new merged Office Depot has yet to decide where to keep its headquarters. Office Depot is based in Boca Raton, and Office Max, based near Chicago in Naperville, Ill. Governments in both Florida and Illinois have offered incentives to keep the merged headquarters in their jurisdiction.
Office Depot employs 1,700 people at its Boca Raton headquarters.
The merged company has revenues of about $17 billion yearly and some 1,700 storefornts. Office Depot recently divested its Mexico holdings.
For more information, visit www.officedepot.com.