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.