The ODP Corporation Announces Departure of Chief Financial Officer
The ODP (NASDAQ:ODP) announced that D. Anthony Scaglione, executive vice president and chief financial officer, will be stepping down from his role to pursue another career opportunity. His last day with the company will be September 13, 2024. CEO Gerry Smith praised Scaglione's contributions over the past four years, highlighting the company's progress in transformation and strengthened foundation for future profitable growth.
Scaglione expressed pride in the company's achievements and its positioning for continued strategic transformation. To ensure a smooth transition, Scaglione will continue working closely with Smith until his departure, supported by ODP's experienced financial reporting and accounting team. The company is formulating plans to fill the CFO role.
ODP (NASDAQ:ODP) ha annunciato che D. Anthony Scaglione, vicepresidente esecutivo e direttore finanziario, lascerà il suo ruolo per perseguire un'altra opportunità professionale. Il suo ultimo giorno con l'azienda sarà il 13 settembre 2024. Il CEO Gerry Smith ha elogiato i contributi di Scaglione negli ultimi quattro anni, sottolineando i progressi dell'azienda nella trasformazione e la solidificazione delle basi per una crescita proficua futura.
Scaglione ha espresso orgoglio per i risultati dell'azienda e la sua posizione per una continua trasformazione strategica. Per garantire una transizione fluida, Scaglione continuerà a lavorare a stretto contatto con Smith fino alla sua partenza, supportato dal team esperto di rendicontazione finanziaria e contabilità di ODP. L'azienda sta formulando piani per occupare il ruolo di CFO.
ODP (NASDAQ:ODP) anunció que D. Anthony Scaglione, vicepresidente ejecutivo y director financiero, dejará su puesto para seguir otra oportunidad profesional. Su último día en la empresa será el 13 de septiembre de 2024. El CEO Gerry Smith elogió las contribuciones de Scaglione en los últimos cuatro años, destacando el progreso de la empresa en la transformación y el fortalecimiento de las bases para un crecimiento rentable futuro.
Scaglione expresó su orgullo por los logros de la empresa y su posición para continuar con la transformación estratégica. Para asegurar una transición suave, Scaglione seguirá trabajando estrechamente con Smith hasta su partida, apoyado por el experimentado equipo de informes financieros y contabilidad de ODP. La empresa está formulando planes para llenar el puesto de CFO.
ODP (NASDAQ:ODP)는 D. Anthony Scaglione, 부회장 겸 최고 재무 책임자가 직책에서 물러난다고 발표했습니다. 그는 다른 경력 기회를 추구할 예정입니다. 그가 회사와 함께하는 마지막 날은 2024년 9월 13일입니다. CEO Gerry Smith는 Scaglione이 지난 4년 동안 기여한 바를 칭찬하며 회사의 변화와 미래의 수익성 있는 성장을 위한 기반 강화를 강조했습니다.
Scaglione은 회사의 성과와 지속적인 전략적 변환을 위한 입지에 대한 자부심을 표현했습니다. 원활한 전환을 보장하기 위해, Scaglione은 퇴사할 때까지 Smith와 긴밀히 협력할 것이며, ODP의 경험이 풍부한 재무 보고 및 회계 팀이 지원할 것입니다. 회사는 CFO 직책을 채우기 위한 계획을 세우고 있습니다.
ODP (NASDAQ:ODP) a annoncé que D. Anthony Scaglione, vice-président exécutif et directeur financier, quittera son poste pour poursuivre une autre opportunité de carrière. Son dernier jour au sein de l'entreprise sera le 13 septembre 2024. Le PDG Gerry Smith a salué les contributions de Scaglione au cours des quatre dernières années, mettant en lumière les progrès de l'entreprise dans sa transformation et le renforcement des fondations pour une croissance rentable future.
Scaglione a exprimé sa fierté concernant les réalisations de l'entreprise et sa position pour une transformation stratégique continue. Afin d'assurer une transition fluide, Scaglione continuera de travailler en étroite collaboration avec Smith jusqu'à son départ, soutenu par l'équipe expérimentée de reporting financier et de comptabilité d'ODP. L'entreprise élabore des plans pour pourvoir le poste de CFO.
ODP (NASDAQ:ODP) gab bekannt, dass D. Anthony Scaglione, Executive Vice President und Chief Financial Officer, seinen Posten niederlegen wird, um eine andere Karrierechance zu verfolgen. Sein letzter Arbeitstag im Unternehmen wird der 13. September 2024 sein. CEO Gerry Smith lobte die Beiträge von Scaglione in den letzten vier Jahren und hob den Fortschritt des Unternehmens in der Transformation sowie die Stärkung der Grundlagen für zukünftiges profitables Wachstum hervor.
Scaglione äußerte Stolz auf die Erfolge des Unternehmens und dessen Positionierung für eine fortgesetzte strategische Transformation. Um einen reibungslosen Übergang zu gewährleisten, wird Scaglione bis zu seinem Ausscheiden eng mit Smith zusammenarbeiten, unterstützt von ODPs erfahrenem Team für Finanzberichterstattung und Buchhaltung. Das Unternehmen entwickelt Pläne zur Nachbesetzung der CFO-Position.
- Strong balance sheet mentioned by departing CFO
- Company positioned for continued strategic transformation
- Experienced financial reporting and accounting team in place
- Departure of CFO D. Anthony Scaglione
- Potential disruption in financial leadership during transition
D. Anthony Scaglione to pursue another career opportunity
“On behalf of ODP, I want to thank Anthony for his significant contributions to ODP over the past four years,” said Gerry Smith, chief executive officer of the Company. “Under his financial leadership, ODP has made great strides in its transformation and has strengthened its foundation to be able to deliver profitable growth in the future. Anthony is supported by a talented finance team that will continue to serve the company and its shareholders. We thank Anthony for all his efforts and wish him well in his new role.”
Anthony Scaglione said, “It has been a privilege to work as part of the ODP team and I’m proud of the progress we have made toward achieving our strategic goals. ODP is well positioned with a strong balance sheet and dedicated team to continue driving forward its strategic transformation to create shareholder value.”
As the Company formulates its plans to fill the chief financial officer role and to ensure a smooth transition, Mr. Scaglione will continue to work closely with Mr. Smith until his departure date, supported by the Company’s experienced financial reporting and accounting team.
About The ODP Corporation
The ODP Corporation is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omni-channel presence, which includes supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence, and a network of Office Depot and OfficeMax retail stores. Through its operating companies ODP Business Solutions, LLC; Office Depot, LLC; and Veyer, LLC, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com.
ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, LLC. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. ©2023 Office Depot, LLC. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.
FORWARD LOOKING STATEMENTS – THE ODP CORPORATION
This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations, cash flow or financial condition, or state other information relating to, among other things, The ODP Corporation, based on current beliefs and assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “expectations”, “outlook,” “intend,” “may,” “possible,” “potential,” “predict,” “project,” “propose” “aim” or other similar words, phrases or expressions, or other variations of such words. These forward-looking statements are subject to various risks and uncertainties, many of which are outside of the Company’s control. There can be no assurances that the Company will realize these expectations or that these beliefs will prove correct, and therefore investors and stakeholders should not place undue reliance on such statements.
Investors and shareholders should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240814603351/en/
Tim Perrott
Investor Relations
561-438-4629
Tim.Perrott@theodpcorp.com
Source: The ODP Corporation
FAQ
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