NEW YORK (TheStreet) -- Office Depot (ODP - Get Report) has named Roland Smith as its new CEO and Chairman, following its successful merger with OfficeMax (OMX). Smith, most recently chief executive of Delhaize America (DEG - Get Report), has been picked for his merger experience and expertise in saving businesses in crisis.
"Smith comes to Office Depot, Inc. with a strong retail track record of increasing operating profit, managing complex integrations, directing corporate turnarounds, and transforming companies for future success," the company wrote in a statement.
In his most recent role as CEO of the U.S. arm of Delhaize Group, Smith was responsible for consolidating the company's supermarket chains such as Food Lion and Hannaford. He also led the sale of the less profitable Sweetbay, Reid's and Harveys brands to Bi-Lo Holding for $265 million in May.
- You can view the full analysis from the report here: ODP Ratings Report
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