Boca Raton, Fla. — Office Depot, Inc. intends to sell its European business to The AURELIUS Group. Office Depot had previously disclosed its intention to explore strategic alternatives regarding its European business, under a process that began earlier this year.
Roland Smith
Boca Raton, Fla. — Roland Smith plans to retire as chief executive officer of Office Depot, Inc. He will continue to serve as CEO until a successor is named, which is expected by the end of first quarter 2017. It is expected Smith will remain chairman of the board.