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The ODP Corporation Announces Chief Legal and Administrative Officer to Leave the Company in Q2 2022
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
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Rhea-AI Summary
The ODP Corporation (NASDAQ: ODP) has announced the upcoming departure of its Executive Vice President, Chief Legal & Administrative Officer, N. David Bleisch, effective April 30, 2022. The company's CEO, Gerry Smith, expressed gratitude for Bleisch's contributions and highlighted the importance of a smooth transition for his successors. ODP is conducting a search for Bleisch's replacement to lead its legal functions following the anticipated separation of the business in the first half of 2022. ODP operates approximately 1,100 stores and provides business services, products, and digital workplace technology.
Positive
Leadership transition is being managed with a focus on a smooth succession.
The company expressed confidence in its future growth and leadership team.
Negative
N. David Bleisch's departure may create temporary uncertainty during the transition period.
BOCA RATON, Fla.--(BUSINESS WIRE)--
The ODP Corporation (NASDAQ: ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the “Company”), announced today that N. David Bleisch, Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, will be leaving the Company, effective April 30, 2022.
“The board of directors and management thank David for his leadership and impact over the past several years and wish him the very best in this next chapter,” said Gerry Smith, Chief Executive Officer of The ODP Corporation. “To assist with a smooth transition, David will help us identify and prepare his successors to lead the legal functions of The ODP Corporation and Office Depot following the business separation we expect to complete in the first half of 2022.”
David Bleisch said, “It has been a wonderful experience to be a part of the leadership at The ODP Corporation and I am delighted to have participated in its ongoing transformation. ODP has a tremendous CEO and team, and I am fully confident that its best years lie ahead.”
The Company is beginning a search for Bleisch’s successor(s) and will communicate the appointment(s) at the appropriate time.
About The ODP Corporation
The ODP Corporation (NASDAQ:ODP) is a leading provider of business services and supplies, products and digital workplace technology solutions to small, medium and enterprise businesses, through an integrated business-to-business (B2B) distribution platform, which includes world-class supply chain and distribution operations, dedicated sales professionals and technicians, online presence, and approximately 1,100 stores. Through its banner brands Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, as well as others, the Company offers its customers the tools and resources they need to focus on their passion of starting, growing and running their business. For more information, visit news.theodpcorp.com and investor.theodpcorp.com.
