Office Depot CEO Resigns
Office Depot announced Monday that its chairman and CEO, Steve Odland, will resign effective Nov. 1. Odland will remain a consultant with the company for the remainder of the year.
Neil Austrian, the company's lead director, will be named interim chairman and CEO. Office Depot has retained Heidrick & Struggles to handle its search for a new CEO.
The move was announced as Office Depot came out with earnings for the third quarter, as sales declined 4 percent.