Office Depot Fires Exec In 'Improper Relationship'
BOCA RATON, Fla. (AP) - The head of Office Depot Inc.'s international division was fired, effective Monday, for having an "improper relationship" with a co-worker, the company said.
Office Depot said the fired executive was Charlie Brown. It did not identify the other employee or describe that person's job title or fate.
"Charlie Brown was terminated for having an improper relationship with another associate," Chairman and CEO Neil Austrian said in a statement. "The company has a zero tolerance policy in this regard."
No replacement was named.
Austrian said Office Depot's top officials in Europe and Asia now will report to him, and Chief Financial Officer Mike Newman will oversee the company's joint venture in Mexico and its business in Latin America overall.
The shares rose 8 cents, or 3.9 percent, to close at $2.13. They rose another 7 cents after hours. The stock has traded between $1.94 and $6.25 the past year.
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