15 April 2005 – Itasca (IL): OfficeMax has named former Shopko Stores chief Sam Duncan as its new president/CEO.
Duncan, 53, has spent his entire working life in retail, and prior to heading up the 360-strong Shopko chain, he served as president of Fred Meyer, a division of The Kroger Co, one of the country’s leading grocery retailers. He began his career in 1969 as clerk at an Albertson’s supermarket in California, rising through the ranks to be named director of operations in 1992.
Duncan has little doubt where his priorities lie. He said: "As we move forward, we will focus on achieving profitable sales and delivering value for our shareholders, customers and employees."
Executive chairman George Harad, who had been acting CEO since Chris Milliken’s departure in February, is clearly pleased to have got his man. He said: "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 and work to realise the potential of this integrated business model."