Reuters – Starboard Nominates New Candidates for Office Depot
Top Office Depot shareholder Starboard Value LP nominated six candidates for the retailer's board on Monday, saying it must be "significantly reconstituted now" whether or not the office supply chain merges with rival OfficeMax, Reuters reported. Starboard's slate includes Robert Nardelli, the former Home Depot and Chrysler chief, as well a number of other retail chief executives and directors. The New York-based investment adviser said Office Depot should either engage with it immediately, or alternatively, schedule its annual shareholder meeting for a date prior to the potential closing of the OfficeMax deal.
18 March 2013•3 mins read
