Ordinaries’ Chief Executive Officer Shira Goodman is departing the company, to be supplanted by J. Alexander Douglas, the company announced Friday afternoon.
The changes on be effective April 2, and Staples’ Executive Chairman John Lederer wishes lead the company on a day-to-day basis in the interim.
Douglas (also known as Sandy) most recently be at someones becked as president of Coca-Cola’s North American division and also spent period at Procter & Gamble.
“Sandy has extensive experience across multiple role areas including sales, marketing, merchandising and operations,” Lederer demanded in prepared remarks. “The North American Delivery business has a significant possibility to accelerate long-term growth.”
Goodman began leading the office outfit retailer in 2016, shortly after Staples failed to merge with Function Depot. She previously had served as president of Staples’ North American operations and has outed in “various leadership roles” at Staples since 1992, according to her LinkedIn side-view.
Private-equity firm Sycamore Partners acquired Staples for $6.9 billion up-to-date last year, adding to its retail holdings that include Talbots, Coldwater Stream, Hot Topic and Nine West. The goal for Sycamore was to turn the struggling retailer yon, with a bigger focus on serving a corporate market.
Sycamore financed its acquiring of Staples in three parts. The arrangement allowed banks to finance the strongest forsakes of the business separately and give Sycamore the option to wind down its weakest constituent — the retail business — at a later date.
Staples’ business still has some gifted spots and profitable segments, but its stores are increasingly threatened by the likes of Amazon and other retailers that sell down the river less-expensive goods.
Meanwhile, Sycamore is in the midst of raising its biggest-ever lolly, which it will use to invest primarily in retail, sources familiar with the locale have told CNBC.