OfficeMax Announces Departure of Chief Operating Officer
NAPERVILLE, Ill., July 22 /PRNewswire/ -- OfficeMax® Incorporated (NYSE: OMX) today announced that Sam Martin, Executive Vice President and Chief Operating Officer of the Company, notified the Company of his departure from OfficeMax to become Chief Executive Officer of another public company, effective July 21, 2010.
Sam Duncan, Chairman and CEO of OfficeMax, said, "We thank Sam for the many contributions he has made to OfficeMax during his tenure at the Company. He was an integral part of the successful turnaround of OfficeMax. We are confident in the Company's ability to execute a smooth and orderly transition. Importantly, we have a very strong and experienced management team in place and I am committed to overseeing the Chief Operating Officer responsibilities going forward. Our team remains highly focused on the successful execution of our five-year strategic growth plan."
Mr. Martin commented, "I want to thank the talented management team that I have worked closely with during my time at the Company and all of the associates who have shown a passion and dedication for furthering OfficeMax's success. I am confident that the Company is well-positioned for future growth."
Mr. Duncan will assume the responsibilities of the Chief Operating Officer and all of Mr. Martin's reports will report directly into Mr. Duncan. The Company is not initiating a search for a new Chief Operating Officer at this time.
Forward-Looking Statements
Certain statements made in this press release and other written or oral statements made by or on behalf of the company constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding the company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future. Management believes that these forward-looking statements are reasonable. These statements are based on current expectations and speak only as of the date they are made. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise. Important factors regarding the company that may cause results to differ from expectations are included in the company's Annual Report on Form 10-K for the year ended December 26, 2009, under Item 1A "Risk Factors", and in the company's other filings with the SEC.
About OfficeMax
OfficeMax Incorporated (NYSE: OMX) is a leader in both business-to-business office products solutions and retail office products. The OfficeMax mission is simple. We help our customers do their best work. The company provides office supplies and paper, in-store print and document services through OfficeMax ImPress®, technology products and solutions, and furniture to businesses and individual consumers. OfficeMax customers are served by over 30,000 associates through direct sales, catalogs, e-commerce and approximately 1,000 stores. To find the nearest OfficeMax, call 1-877-OFFICEMAX. For more information, visit www.officemax.com.
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SOURCE OfficeMax Incorporated
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