*NEWS*NEW OFFICE DEPOT CEO,BOOST STOCKS !

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*NEWS*NEW OFFICE DEPOT CEO,BOOST STOCKS !

 user 2005-03-24 at 10:18:00 am Views: 68
  • #11023
    Odland arrival bolsters Depot price

    March 2005–New York (NY):Office
    Depot’s share price on the NYSE touched a new 52-week high yesterday following
    the appointment of new chairman/CEO Steve Odland.

    At one stage it Hit
    $21.46 before falling back to close on $20.75, up 8.13 per cent and still ahead
    of the previous year’s high of $19.71.

    Odland’s appointment also
    received the thumbs up from the analyst community, with Goldman Sachs declaring
    he could be the “right executive for the right time”.