Office Depot Picks Turnaround Expert Roland Smith as CEO

No. 2 U.S. office supply retailer Office Depot Inc. named Roland Smith, the former head of the U.S. unit of supermarkets operator Delhaize Group, as its new chief executive on Tuesday, hoping to tap his expertise in integrating and turning around businesses. Smith orchestrated the successful integration of the major supermarket chains owned by Delhaize, and improved profits by arranging the sale of three of them. Smith also played a key role in combining restaurant chain Wendy's with Arby's.