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Saligram President Chief Executive Officer and Director
NAPERVILLE, Ill., Oct. 13 /PRNewswire/ OfficeMax Incorporated NYSE: OMX today announced that the companys Board of Directors has named Ravi K. Saligram as President Chief Executive Officer and Director effective November 8, 2010. Saligram will replace Sam Duncan who will step down as Chairman, President Chief Executive Officer and Director effective November 7, 2010. Duncan, who had earlier in the year announced his plans to retire, will continue to be employed as a special advisor to the company until February 28, 2011. the company announced that Gangwal, currently Lead Director, has been named NonExecutive Chairman of the Board, effective November 8, 2010.
Mr. Duncan stated, I am very pleased that Ravi is joining OfficeMax. believe that his knowledge and expertise in managing professional services operations and growing businesses and brands make him an excellent choice to lead OfficeMax through its next phase.
The Board is delighted to welcome Ravi to OfficeMax, said incoming NonExecutive Chairman of the Board Rakesh Gangwal. with his proven track record of leadership and growing businesses, is the right person to lead OfficeMax into the future. on behalf of the Board, I want to thank Sam for his strong leadership and substantial contributions to OfficeMax during his tenure.
Mr. Saligram commented, Over the past five years under Sam Duncans leadership, OfficeMax has completed a successful turnaround and strengthened its business. am excited to be joining OfficeMax as the company continues to capitalize on opportunities for longterm growth and success. look forward to partnering with the management team and our dedicated associates to evolve the company to the next level through innovation and a commitment to serving consumers and business customers.
Mr. Saligram, 54, joins OfficeMax from Aramark Corporation where he most recently served as President of Aramark International, Chief Globalization Officer and Executive Vice President of the corporation. to joining Aramark in 2003, Mr. Saligram held various leadership positions at InterContinental Hotels Group and SC Johnson Wax. Saligram started his career in advertising at the Leo Burnett Company. Saligram is currently a Board Member of Church Dwight NYSE: CHD, a consumer and specialty products company with leading brands such as ARM HAMMER. He is also a Board Member and Vice Chairman of the World Affairs Council of Philadelphia, and is a Trustee and member of the Executive Committee of Eisenhower Fellowships. Saligram earned a Bachelor of Science degree in Electrical Engineering from Bangalore University in India and holds a Masters of Business Administration degree from the University of Michigan.
Certain statements made in this press release and other written or oral statements made by or on behalf of the company constitute forwardlooking statements within the meaning of the federal securities laws, including statements regarding managements expectations, beliefs, intentions, plans, estimates or projections relating to the future. believes that these forwardlooking statements are reasonable. the company cannot guarantee that its actual results will be consistent with the forwardlooking statements and you should not place undue reliance on them. statements are based on current expectations and speak only as of the date they are made. company undertakes no obligation to publicly update or revise any forwardlooking statement, whether as a result of future events, new information or otherwise. factors regarding the company that may cause results to differ from expectations are included in the companys Annual Report on Form 10K for the year ended December 26, 2009, under Item 1A Risk Factors, and in the companys other filings with the SEC.
OfficeMax Incorporated NYSE: OMX is a leader in both businesstobusiness office products solutions and retail office products. OfficeMax mission is simple. help our customers do their best work. company provides office supplies and paper, instore print and document services through OfficeMax ImPress technology products and solutions, and furniture to businesses and individual consumers. customers are served by over 30,000 associates through direct sales, catalogs, ecommerce and approximately 1,000 stores. find the nearest OfficeMax, call 1877OFFICEMAX.