Originally published Thursday, February 11, 2010 at 2:32 PM
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OfficeMax: CEO Sam Duncan to retire in 2011
OfficeMax Inc. said Thursday its chairman and chief executive will retire early next year and the office-supply retailer plans to launch a national search for a new CEO.
The Associated Press
OfficeMax Inc. said Thursday its chairman and chief executive will retire early next year and the office-supply retailer plans to launch a national search for a new CEO.
Sam Duncan has been chief executive since 2005. He plans to retire on Feb. 28, 2011 and also will step down from the board at that time.
The company said it will consider both internal and outside candidates for his replacement. Duncan has agreed to stay on until a successor is in place.
OfficeMax shares added 48 cents, or 3.4 percent, to $14.52 on Thursday. The stock was unchanged in after-market trading.
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