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OfficeMax COO Resigns

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

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.