Staples taps former Coca-Cola exec as CEO, to replace Shira Goodman
Publishing timestamp: 2018-01-26 20:39:51
Summary
J. Alexander Douglas will replace Shira Goodman as CEO of Staples, following the company's acquisition by Sycamore Partners. The private-equity firm aims to turn around the struggling retailer, with a focus on the corporate market. Staples' business still has profitable segments, but faces competition from online retailers like Amazon.
Sentiment: NEUTRAL
Keywords: coca-cola co, business news, retail industry, business, procter & gamble co, amazon.com inc,