Naperville, Ill. -
OfficeMax's executive VP and chief operating officer Sam Martin has left the
chain for a CEO post at an undisclosed public company.
will be assumed by OfficeMax chairman/CEO Sam Duncan, who plans to retire in
The company is
searching for a successor to Duncan, but has no plans to fill the COO slot.
In a statement,
Duncan said Martin was "an integral part of the successful turnaround of
The No. 3 office-supply
chain reported an 88 percent spike in first-quarter profits of $24.8 million on
flat sales of $1.9 billion.