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Interim CEO gets full time job at Office Depot
Boca Raton, Fla. — After serving seven months in an interim capacity, Office Deport made a surprise decision and named long-time board member Neil Austrian as its new chairman and CEO. The announcement ends a lengthy search that began last fall when former chairman and CEO Steve Odland left the company on Nov. 1, amid deteriorating business results and Austrian was tapped to serve in an interim capacity. He had previously served in an interim role prior the company’s appointment of Odland.
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Growth potential intact at Walmart China despite exec departures
Shenzhen, China — Walmart will be looking to capitalize on compelling growth prospects in China under the leadership of new senior executives following the simultaneous departure of CFO Roland Lawrence and COO Rob Cissell.
Both men left the company to pursue other development opportunities, according to Walmart, leaving leadership of Chinese business in the hands of Walmart China president and CEO Ed Chan and Wal-Mart Stores Asia president and CEO Scott Price.