Staples Shakes Up Management, May Go Without Office Depot

Staples Inc. shook up its management ranks and vowed to make the company more efficient, saying it may need to compete without its proposed Office Depot Inc. merger, a beleaguered deal that hasn’t won antitrust approval. Demos Parneros, Staples’ president of North American stores and its online business, will step down by March 31, the company said in a statement on Monday. Shira Goodman, who has been at Staples since 1992, will take over North American operations. John Wilson, who is currently president of Staples’ European division, will run international operations.