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OfficeMax announces departure of COO

NAPERVILLE, Ill. OfficeMax announced that Sam Martin, EVP and COO of the company, notified the company of his departure from OfficeMax to become CEO of another public company, effective July 21.

Sam Duncan, chairman and CEO of OfficeMax, said, "We thank Sam for the many contributions he has made to OfficeMax during his tenure at the company.  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.  Importantly, we have a very strong and experienced management team in place and I am committed to overseeing the COO responsibilities going forward.  Our team remains highly focused on the successful execution of our five-year strategic growth plan."

Duncan will assume the responsibilities of the COO and all of Martin's reports will report directly to Duncan.  The company said it is not initiating a search for a new Chief Operating Officer at this time.