Office Depot on hunt for a new CFO

The finance head of Office Depot is leaving to join the automotive retail sector.

Office Depot announced that Joseph T. Lower, executive VP and CFO, is leaving the company, effective January 10, 2020, to become CFO at AutoNation. The office supplies and business services retailer has initiated a search for a new CFO.

Prior to joining Office Depot, Lower served as VP and CFO at B/E Aerospace.

“We are grateful to Joe for his leadership over the past two years in advancing our transformation efforts and wish him every success in the future,” said Gerry Smith, Office Depot’s CEO. “Joe is supported by an outstanding finance organization that will continue to serve the company and its shareholders well.”