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Reuters reports that Office Depot has named Gerry Smith, most recently COO at Lenovo, as its new CEO, succeeding Roland Smith, who decided to retire last year after federal regulators scuttled the company's acquisition by Staples.

In addition, Office Depot said that Joseph Vassalluzzo, a member of the company's board of directors, will become chairman. Before joining the Office Depot board in 2013, he was vice chairman of Staples.
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