Office Depot appoints Steve Schmidt president of its international business, responsible for operations in 56 countries outside of the U.S. and Canada, which generated US$3.4B in revenue in last fiscal year
BOCA RATON, Florida
November 15, 2011
– Office Depot Inc. has appointed Steve Schmidt president of its international business, the office supply company said Monday.
Schmidt joined Office Depot in 2007 and has served in a multiple leadership positions, most recently as the company's executive vice president of corporate strategy and new business development. In this new role, he will oversee the company's contract, direct and retail business on an international basis.
Schmidt replaces Charlie Brown, who was terminated in September for having an improper relationship with another associate, according to the company.
The company's international business sells to customers in 56 countries outside of the U.S. and Canada. The business generated $3.4 billion in revenue in its most recent fiscal year.
Office Depot, like many consumer products companies, has seen its business overseas pick up even as consumers in developed markets like the U.S. have cut back on spending. The company reported last month that its fiscal third-quarter revenue fell 2 percent as sales on weak sales in North America. Revenue abroad edged up 1 percent.
Office Depot, based in Boca Raton, Fla., has 1,656 stores worldwide.
© 2021 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.