OfficeMax Names Sam K. Duncan President and Chief Executive Officer
April 14 2005 - 7:25PM
PR Newswire (US)
OfficeMax Names Sam K. Duncan President and Chief Executive Officer
ITASCA, Ill., April 14 /PRNewswire-FirstCall/ -- OfficeMax
Incorporated (NYSE:OMX) today announced that Sam K. Duncan will
assume the role of president and chief executive officer, effective
April 18, 2005. Duncan, 53, served most recently as president and
chief executive officer of Shopko Stores, Inc., a general
merchandise retailer with more than 360 stores generating annual
sales exceeding $3 billion. Prior to leading Shopko, from 2001 to
2002 he served as president of Fred Meyer, Inc., a division of The
Kroger Co., one of the nation's largest grocery retailers, with
fiscal 2004 sales of more than $56 billion. Duncan joined Fred
Meyer in 1992 as vice president, grocery department and was named
executive vice president of the food division in 1997. In 1998, he
was named president of Ralph's Supermarkets, which had been
acquired by Fred Meyer. Duncan began his career in 1969 as a
courtesy clerk at an Albertson's supermarket in Southern
California, and was promoted to positions of increasing
responsibility until being named director of operations of
Albertson's in 1992. "Sam is a proven leader who has delivered
strong operating performance in changing business climates. He is
the ideal person to lead our company as we fully integrate the two
businesses brought together with the 2003 acquisition of OfficeMax,
Inc., and work to realize the potential of this integrated business
model," said George J. Harad, chief executive officer. Harad, who
had been serving as the company's CEO on an interim basis, will
return to his former role as executive chairman of OfficeMax and is
expected to retire from the company and the board at the end of
June 2005. "I am very excited to join the OfficeMax team and to
lead the company as we build on the solid foundation currently in
place," said Duncan. "As we move forward, we will focus on
achieving profitable sales and delivering value for our
shareholders, customers and employees." About OfficeMax OfficeMax
is a leader in both business-to-business and retail office products
distribution. The company provides office supplies, and paper,
print and document services, technology products and solutions, and
furniture to large, medium, and small businesses and consumers.
OfficeMax customers are served by more than 41,000 associates
through direct sales, catalogs, the Internet, and 935 superstores.
Forward-Looking Statements Certain statements made in this press
release and other written or oral statements made by or on behalf
of the Company may constitute "forward-looking statements" within
the meaning of the federal securities laws. Statements regarding
future events and developments and the Company's future
performance, as well as management's expectations, beliefs,
intentions, plans, estimates or projections relating to the future,
are forward-looking statements within the meaning of these laws.
Management believes that these forward-looking statements are
reasonable; however, you should not place undue reliance on such
statements. These statements are based on current expectations and
speak only as of the date of such statements. The Company
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of future events,
new information or otherwise. Important factors regarding the
Company which may cause results to differ from expectations are
included in the Company's Annual Report on Form 10-K for the year
ended December 31, 2004, including under the caption "Cautionary
and Forward-Looking Statements", and in other filings with the SEC.
OfficeMax Media Contact OfficeMax Investor Relations Contact Bill
Bonner John Jennings 630 438 8584 630 438 8760 DATASOURCE:
OfficeMax Incorporated CONTACT: Media, Bill Bonner,
+1-630-438-8584, or Investor Relations, John Jennings,
+1-630-438-8760, both of OfficeMax Incorporated Web site:
http://www.officemax.com/
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