Professional Writers
We assemble our team by selectively choosing highly skilled writers, each boasting specialized knowledge in specific subject areas and a robust background in academic writing
Order For Similar Custom Papers & Assignment Help Services
Fill the order form details - writing instructions guides, and get your paper done.
Posted: March 24th, 2024
Staples CEO to Step Down After Office Depot Deal Termination
Office supplies retailer Staples Inc., which called off a deal to buy smaller rival Office Depot Inc. this month, said Chief Executive Ron Sargent will step down after the company’s annual meeting on June 14.
The decision comes three weeks after a U.S. federal judge ordered to halt the deal because of antitrust concerns.
“With the termination of the merger, we mutually agreed that now is the right time to transition to a new management to lead Staples through its next phase of growth,” independent lead director Robert E. Sulentic said.
The company announced several actions after scrapping the deal, including a $300 million cost-cutting plan and exploration of strategic alternatives for its European operations.
Shira Goodman, Staples President of North America Operations will become interim CEO, the company said, adding that a special committee of the board would identify a permanent replacement, with the support of an executive search firm.
Sargent, who has been the CEO since February 2002, will continue to serve as non-executive chairman through Staples’ fiscal year ending Jan. 28, 2017 on re-election at its annual meeting, the company said.
(Reporting by Sruthi Ramakrishnan in Bengaluru,; Editing by Don Sebastian)
Why choose us
You Want Quality and That’s What We Deliver
Discounted Prices
Our service is committed to delivering the finest writers at the most competitive rates, ensuring that affordability is balanced with uncompromising quality. Our pricing strategy is designed to be both fair and reasonable, standing out favorably against other writing services in the market.
AI & Plagiarism-Free
Rest assured, you'll never receive a product tainted by plagiarism or AI-generated content. Each paper is research-written by human writers, followed by a rigorous scanning process of the final draft before it's delivered to you, ensuring the content is entirely original and maintaining our unwavering commitment to providing plagiarism-free work.
How it works
When you decide to place an order with Nurscola, here is what happens: