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Office Max CEO will retire in 2011

By Furniture Today Staff -- Furniture Today, April 17, 2010

Sam Duncan, chairman and CEO of OfficeMax since 2005, has announced he will retire from the office products retailer next year.

Duncan said he would step down from the leadership posts as well as the board of directors on Feb. 28, 2011.

“It has been a privilege to lead this wonderful company for the past five years,” Duncan said. “I am proud of our accomplishments and the initiatives we have put in place and I have great confidence in the company's future.”

The company said it will conduct a nationwide search for a new CEO, and will consider both internal and external candidates.

“The board thanks Sam Duncan for his leadership during his tenure,” said lead director Rakesh Gangwal. “He has made a significant contribution to OfficeMax … and is leaving the company with an experienced management team and a legacy of core values important to the success of the company.”

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