Staples’ CEO is out after court blocks deal to buy Office Depot

The office-supply chain announced that its chief, Ron Sargent, would resign after its yearly shareholders meeting on June 14. The decision was a ‘mutual agreement.’

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On Tuesday, the office-supply chain announced that its chief exec, Ron Sargent, will step down after the company’s annual shareholders meeting on June 14. Sargent will serve as a director and non-executive chairman until the end of the fiscal year in January.

Shira Goodman, Staples’ president of North America operations, will serve as the company’s interim chief executive.

Though Staples said its board will consider both internal and external options, the company has purportedly been planning for Goodman to take over, making the interim position a test of the newly appointed chief’s prowess.

RELATED: How to eliminate corporate jargon and drive business performance with improved communications techniques.

The Wall Street Journal reported:

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