D. Anthony Scaglione has been named executive VP and chief financial officer of Office Depot, effective July 20.
Scaglione, who be a member of the executive committee, will be responsible for overseeing all financial aspects of the company and leading investor relations, internal audit, tax and treasury functions.
Scaglione joins from ABM Industries where he spent 11 years, most recently as executive VP and CFO. Prior to ABM Industries, he held executive finance positions at CA Technologies.
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He will report directly to CEO Gerry Smith.
“We are delighted to welcome Anthony to Office Depot as we accelerate our transformation to a B2B platform that our customers rely on to start, grow and manage their business,” said Smith in a statement. “Anthony brings extensive financial, operational and strategic experience to our executive team. He will be a key asset to Office Depot as we continue to create value for our shareholders and build upon our B2B platform.”
Office Depot announced a three-year restructuring plan in May that included closing stores, consolidating distribution facilities and reducing approximately 13,100 employee positions. The company has been undergoing a transformation from serving primarily as an office-supply retailer to a B2B solutions provider, chief of which included its $1 billion acquisition of IT service provider CompuCom in 2017.
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