OfficeMax COO Resigns

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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.

Martin's duties will be assumed by OfficeMax chairman/CEO Sam Duncan, who plans to retire in February.

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 OfficeMax."

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.


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