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Posted 29 January, 2024

ODP Corp appointed new CEO

CEO Change detected for ticker Nasdaq:ODP in a 8-K filed on 29 January, 2024.


  As previously disclosed, The ODP Corporation (the "Company") announced that Gerry P. Smith, the Chief Executive Officer ("CEO") of the Company was taking a temporary medical leave of absence to undergo a medical procedure. During his recovery, Joseph S. Vassalluzzo, the non-executive Chair of the Board of Directors of the Company (the "Board"), temporarily assumed Mr. Smith's authority and responsibilities.  

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Overview of ODP Corp
Retail/Wholesale • Specialty Retail
The ODP Corp. is a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the following divisions: ODP Business Solutions, Office Depot, Veyer, and Varis. The ODP Business Solutions division provides solutions to small, medium and enterprise level companies, including those in the public and education sectors. The Office Depot division covers the provision of solutions through omni-channel platform of 980 Office Depot and OfficeMax retail locations in the United States, Puerto Rico and the U.S. Virgin Islands, and an eCommerce presence. The Veyer division is the supply chain, distribution, procurement, and global sourcing operation. The Varis division includes the tech-enabled B2B indirect procurement marketplace. The company was founded in 1986 and is headquartered in Boca Raton, FL.
Market Cap
$1.89B
View Company Details
ODP Corp by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Gerry P. Smith Resumes Duties 

As previously disclosed, The ODP Corporation (the "Company") announced that Gerry P. Smith, the Chief Executive Officer ("CEO") of the Company was taking a temporary medical leave of absence to undergo a medical procedure. During his recovery, Joseph S. Vassalluzzo, the non-executive Chair of the Board of Directors of the Company (the "Board"), temporarily assumed Mr. Smith's authority and responsibilities. 

Effective February 1, 2024, Mr. Smith will return from his medical leave and resume his duties and responsibilities as CEO of the Company. 

David M. Szymanski Resignation 

On January 23, 2024, David M. Szymanski, a member of the Board, notified the Company of his intention to retire from the Board of Directors, effective February 13, 2024. Dr. Szymanski has served as a director for the Company and its predecessor OfficeMax Incorporated since 2004. Dr. Szymanski did not resign as a result of any disagreement with the Company or any matter relating to its operations, policies or practices. The Company thanks Dr. Szymanski for his long, dedicated service on the Board and wishes him well in his future pursuits. 

A copy of the related press release issued by the Company on January 29, 2024 is furnished hereto as Exhibit 99.1.