OfficeMax president/CEO Chris Milliken has resigned from the company with immediate effect.
It is the third high-profile resignation to hit the company in 2005.
This year has already seen the departure of CFO Brian Anderson and, before that, of retail chief Gary Peterson.
OfficeMax has also delayed the release of its Q4 results until 14 March pending the conclusion of an internal investigation into improper billing.
While giving no reasons for Chris Milliken’s departure, OfficeMax executive chairman George Harad said in a statement on the morning of the announcment:"OfficeMax made substantial progress in 2004 toward integrating its contract and retail office products businesses.
"We appreciate the contributions that Chris has made in that effort and throughout his 27-year career with our office products business. We are taking steps to strengthen the OfficeMax management team, and fully expect to demonstrate the value inherent in this business for our shareholders."
Harad has now assumed Milliken’s former responsibilities while a permanent successor is sought.
Itasca (IL)
