Office Depot removes chief after sales drop
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Office Depot Inc., the world&#39;s No. 2 office-supplies retailer, removed its chairman and chief executive, Bruce Nelson, after sales declined at its older stores in 14 of the past 16 quarters.
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With disappointments across the company&#39;s business lines, Office Depot (NYSE: ODP) announced this morning that CEO Bruce Nelson has resigned.
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By Ellen Nakashima  and Yuki Noguchi, Washington Post Staff Writers  Hewlett-Packard Co. chairman Patricia C. Dunn resigned yesterday and was replaced by chief executive Mark V.
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Troubled retailer Sharper Image Corp.   on Tuesday said founder Richard Thalheimer has stepped  down as chairman and chief executive.
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Office Depot Inc. ODP.N on Tuesday  warned that profit for the rest of the year would fall short of  forecasts because of the string of hurricanes in Florida and  poor sales elsewhere, sending its stock down 6.5 percent.
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Online auction website eBay said Wednesday chief executive Meg Whitman will step down in March, handing the company's reins to its marketplace unit head John Donahoe.
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Office-supply retailer OfficeMax  Inc. OMX.N said on Wednesday the president of its retail  division resigned, but the departure was unrelated to a probe  into improper billing.
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Office Depot Inc. chairman and CEO Bruce Nelson has resigned, and former National Football League president and Dillon Read executive Neil Austrian was named Monday to temporarily replace him as head of the second-largest office supply retailer.
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The publisher of the Los Angeles Times, who became a folk hero in media circles for refusing to make budget cutbacks demanded by the parent Tribune Co., was pushed out today and replaced by the chief executive of the Chicago Tribune.
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Office Depot Inc. ODP.N said on  Friday it will cut more than 650 jobs in North America,  including 550 retail store positions, outsource some finance  functions and restructure its European contract sales force.
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By Bloomberg News. Office Depot, which lost its place as the world&#39;s No. 1 office-supplies retailer to Staples three years ago, ousted its chairman and chief executive, Bruce Nelson, yesterday.
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Office Depot Inc , the world's second-largest office supplies retailer, said on Monday it would delay its third-quarter earnings release due to an independent review of its vendor program funds.
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Office Depot Inc. lowered its earnings expectations for the third quarter and for the year, citing lower sales because of hurricane disruptions and soft European business. The price of its stock fell more than 7 percent on the news.
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Troubled office products retailer OfficeMax Inc. announced the resignation Monday of its CEO  --  the third high-level executive to depart the company this year  --  and fired two more employees as a result of an ongoing internal investigation into its accounting. Its shares tumbled more than 6 percent.
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Office Depot Chairman and Chief Executive Bruce Nelson was ousted Monday from the world&#39;s No. 2 office supplies retailer because of poor earnings and &quot;a lack of execution,&quot; the Delray Beach-based company said.
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Office Depot Inc. ODP.N, the No. 2  U.S. office supply retailer, on Tuesday forecast third-quarter  and full-year profits below Wall Street estimates due to  disruptions from recent hurricanes.
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Patricia C. Dunn resigned and will be replaced by the companyÂs chief executive. Also, two key members of H.P.Âs investigation task force are said to be out.