Thomson ReutersA Staples truck delivers office supplies in San Diego
The decision comes three weeks after Staples’ deal to buy smaller rival Office Depot Inc fell through.
“With the termination of the merger, we mutually agreed that now is the right time to transition to new management to lead Staples through its next phase of growth,” independent lead director Robert E. Sulentic said.
(Reporting by Sruthi Ramakrishnan in Bengaluru,; Editing by Don Sebastian)
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