Content about Committee on Capital Markets Regulation

November 2, 2010

Office Depot this week disclosed that board member Neil Austrian will receive a $200,000 monthly...

October 26, 2010

Two days after announcing the resignation of chairman and CEO Steve Odland, Office Depot on...

Two days after announcing the resignation of chairman and CEO Steve Odland, Office Depot on Wednesday announced improved results for the third quarter ended Sept. 25 despite a challenging economic climate which pressured sales. The company said it achieved third-quarter profits of $54 million, reversing a prior-year loss of $413 million, while earnings per share rebounded to 18 cents compared with a prior-year loss of $1.51. Total sales declined 4.3% to roughly $2.9 billion, including the unfavorable effect of foreign exchange rates.

October 25, 2010

Steve Odland has resigned as chairman and CEO of Office Depot just days after the Securities and Exchange Commission released a settlement agreement detailing how he and former CFO Patricia McKay violated the agency’s fair disclosure rules. Board member Neil Austrian will fill the CEO role on an interim basis while the executive search firm of Heidrick & Struggles locates a replacement.

Steve Odland has resigned as chairman and CEO of Office Depot just days after the Securities and Exchange Commission released a settlement agreement detailing how he and former CFO Patricia McKay violated the agency’s fair disclosure rules. Board member Neil Austrian will fill the CEO role on an interim basis while the executive search firm of Heidrick & Struggles locates a replacement.