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    • Gerry Smith

      • ODP Corp. has named the chief executives who will run ODP and Office Depot when the two companies complete their tax-free spinoff. Gerry Smith will continue to lead ODP and its operating companies, including the contract sales channel, which will be renamed ODP Business Solutions, and a new B2B digital platform technology business called Varis.
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  2. Dec 18, 2023 · AREX Capital is urging office supply company ODP Corp. to separate its brick and mortar retail unit and sell its procurement platform Varis, arguing that splitting apart the company's...

  3. Aug 24, 2021 · Office Depot’s global sourcing operations and supply chain operations will remain with The ODP Corporation. Gerry Smith, current Office Depot CEO, will be CEO of The ODP Corp., the company...

  4. May 5, 2021 · The ODP Board believes the separation will allow ODP and NewCo to pursue market opportunities, accelerate growth and unlock significant value for shareholders and all stakeholders. ODP expects...

  5. Dec 20, 2023 · ODP already has the structure to spin out its Office Depot business and kill its Varis business thanks to moves it made to reorganize in 2021 and 2022, AREX says in a letter.

  6. Aug 31, 2021 · Office Depot’s consumer retail and SMB products and services will be spun off and be known as Office Depot. Kevin Moffit, currently executive vice president and chief retail officer of Office Depot, will be the CEO of Office Depot once the spin-off is complete.

  7. Jun 22, 2022 · Staples and ODP (then going by the Office Depot name) have pursued a merger in the past, only to run into rejection from the Federal Trade Commission, which took issue with combining the two...

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