Posted 08 August, 2023

ACCO BRANDS Corp appointed Thomas W. Tedford as new CEO

NYSE:ACCO appointed new Chief Executive Officer Thomas W. Tedford in a 8-K filed on 08 August, 2023.

  On August 4, 2023, the Board appointed Thomas W. Tedford to succeed Boris Elisman as CEO effective October 1, 2023.  

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Overview of ACCO BRANDS Corp
Consumer Goods • Nondurable Household Products
ACCO Brands Corp. engages in the manufacture and marketing of office, school, calendar products, and select computer and electronic accessories. It operates through the followings segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The ACCO Brands North America segment includes the U.S. and Canada operations, wherein it manufactures, sources, and sells traditional office products, school supplies, and calendar products. The ACCO Brands EMEA segment deals with the design, sourcing, and distribution of storage and organization products, stapling, punching, laminating, binding and shredding, do-it-yourself tools, and computer accessories in Europe, the Middle East, and Africa. The ACCO Brands International segments refers to the operations from the rest of the world, primarily Australia/New Zealand, Latin America, and Asia-Pacific The company was founded by Fred J. Kline in 1903 and is headquartered in Lake Zurich, IL.
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Relevant filing section
Item 5.02 - Departure of Directors ore Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 4, 2023, Boris Elisman, Chairman and Chief Executive Officer, notified the Board of Directors (the "Board") of ACCO Brands Corporation (the "Company") of his intention to resign as Chief Executive Officer ("CEO") of the Company effective October 1, 2023, and his intention not to stand for re-election to the Board at the Company's 2024 Annual Meeting of Stockholders. To ensure a smooth transition, Mr. Elisman will continue with the Company as Executive Chairman of the Board until his retirement in the first half of 2024. Mr. Elisman's intention to retire does not reflect any dispute or disagreement with the Company.

On August 4, 2023, the Board appointed Thomas W. Tedford to succeed Boris Elisman as CEO effective October 1, 2023. As CEO, Mr. Tedford will report directly to the Board of Directors. The Board also appointed Mr. Tedford to the Company's Board of Directors effective when he becomes CEO on October 1, 2023.

Mr. Tedford, age 52, joined the Company in 2010 as Chief Marketing and Product Development Officer. He has been President and Chief Operating Officer of the Company since September 2021. From February 2018 until he was appointed to his current position, Mr. Tedford was Executive Vice President and President, ACCO Brands, North America. Previously Mr. Tedford served as Executive Vice President and President, ACCO Brands U.S. Office and Consumer Products and Executive Vice President and President, ACCO Brands Americas. Mr. Tedford does not have any family relationships with any of the Company's directors or executive officers and is not a party to any transaction listed in Item 404(a) of Regulation S-K.

A copy of the press release announcing the details of the CEO transition plan noted above is attached as Exhibit 99.2 and incorporated herein by reference.