Office Depot names Lenovo
senior executive Gerry Smith as CEO
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[January 30, 2017]
(Reuters) - Office Depot
Inc, No. 2 U.S. office supplies retailer, appointed
Lenovo Group Ltd senior executive Gerry Smith as
its chief executive and board member Joseph Vassalluzzo
as chairman from Feb. 27. |

The sign of an Office Depot supplies store is seen in
the Chicago suburb of Evanston, Illinois, February 4,
2015. REUTERS/Jim Young |
Gerry Smith will replace Roland Smith, who announced his
retirement in August, three months after Office Depot's merger
with rival Staples Inc was thwarted by antitrust regulators.
Gerry Smith is currently the chief operating officer at Lenovo
and joined the company in 2006.
Vassalluzzo joined Office Depot's board in August 2013 and is
now Chair of the Finance and Integration Committee. He was
previously the vice chairman at Staples.
Office Depot, which has posted eight quarters of falling sales,
said in November that it expected to slow the decline in sales
to businesses in North America as it wins new contracts.
(Reporting by Gayathree Ganesan in Bengaluru; Editing by Maju
Samuel)
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