Martin Out At OfficeMax

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OfficeMax president John Martin is leaving the office supply superstore and his position will be eliminated as part of an organizational restructuring.

The new management structure is built around an executive operating team that reports to Michael Feuer, the company's founder and CEO. The team, comprised of CFO Jeffrey Rutherford and three other executive VPs, will work with recently retained consultancy Kurt Salmon Associates to implement changes in the chain's processes and structures that are intended to enhance store productivity, Feuer said.

Martin, who joined OfficeMax in 1992, was responsible for retail stores. His duties will be assumed by team member Harold Mulet, recently appointed head of retail sales and store productivity, and a future COO, for whom the company has launched a nationwide search. That position will have day-to-day operational responsibilities for all aspects of the business, while Feuer will focus on investment and acquisition opportunities, change management, long-range planning and other strategic initiatives.

The 870-unit superstore ranks 10th on TWICE's Top 100 Retail Registry with total sales of $4.3 billion and CE sales of $2.15 billion last year.

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