North American president Kevin Peters has left Office Depot to take the position of Chief Executive Officer at an industrial distribution company.
Neil Austrian, chairman and CEO of Office Depot, will oversee the company’s North American business.
“In his five years with Office Depot, Kevin was instrumental in building a strong team while driving the strategic vision for our North American sales channels and our Supply Chain organization,” Austrian said in a press release. “We thank him for his many contributions to our company and wish him well in the future.”
Total Company sales for the third quarter of 2012 were approximately $2.7 billion, down 5% compared to the third quarter of 2011. On a constant currency basis, third quarter 2012 sales were down approximately 3% versus prior year.