Hare Named Office Depot CFO

Office Depot, Inc., the company formed by the merger of Office Depot and OfficeMax, has announced the appointment of Stephen Hare as executive vp and Chief Financial Officer. He reports to Roland Smith, chairman and CEO of Office Depot, Inc., and replaces co-CFO Mike Newman, who has retired from the company, and interim co-CFO Deb O’Connor, who has returned to her position as senior vp/finance and co-Chief Accounting Officer, the retailer reported.

Hare was senior vp/CFO of The Wendy’s Co. from 2011 until September 2013, Office Depot stated.

“Having worked closely with Steve on transforming businesses in the past, I know he brings to Office Depot, Inc. the knowledge and discipline needed to realize the synergies inherent in the merger of Office Depot and OfficeMax,” Smith said. “I am confident that Steve’s financial skills and wealth of operations and management experience will enable us to be a more competitive and efficient provider of office products and services, and set us on a path for sustainable growth.”