Staples CEO steps down

Endaba Group

Staples CEO Ron Sargent has announced he will step down following the annual shareholders meeting in June after 27 years with the company, and will continue as a director and non-executive chairman. Shire Goodman, Staples President of North American Operations will take the reigns as interim CEO. Sargent’s announcement comes just 3 weeks after an injunction was granted against Staples’ $6.3bn merger with office supply rival Office Depot, that would have created one of the largest international office supply retailers, even posing a threat to Amazon!