The two firms will become independent publicly traded companies in 2015. The move follows pressure from investor Carl Icahn to spin off the payments ...
Sam Martin will become president and CEO of supermaket chain A&P.
OfficeMax Inc. today announced Sam Martin, executive vice president and chief operating officer, has resigned to become president and CEO of the Great Atlantic & Pacific Tea Co., a supermarket chain, effective yesterday. He succeeds Ron Marshall, who has left A&P.
“We thank Sam for the many contributions he has made to OfficeMax during his tenure at the company,” says Sam Duncan, chairman and CEO of OfficeMax, No. 7 in the Internet Retailer Top 500 Guide. “He was an integral part of the successful turnaround of OfficeMax. We are confident in the company's ability to execute a smooth and orderly transition.”
Duncan will assume Martin’s responsibilities and the executives that reported to Martin will now report directly to Duncan. The office supplies retailer has begun searching for a new chief operating officer.
Christian Haub, A&P executive chairman, says "Sam is a proven, hands on operational expert in the food retail industry. He has an ideal mix of food industry management experience encompassing operations, merchandising and supply chain."