| CEO Name | Gerry Smith |
| Nationality | United States |
| Net Worth Estimation | $40 million |
Gerry Smith's estimated net worth of around $40 million primarily stems from his executive compensation, stock awards, and long-standing leadership roles at Office Depot and previous positions at Lenovo and Dell. His wealth is influenced by Office Depot's market performance, equity holdings, and related bonuses tied to company milestones and profitability.
Gerry Smith, CEO of Office Depot, has an estimated net worth of $40,000,000, which is 82% of the maximum and 4,000% of the minimum estimated CEO net worth in the furniture business category. His net worth places him near the top of the industry's typical range.
Business Category: Furniture
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 50000000 USD
Gerry Smith Performance in Office Depot
Gerry Smith, CEO of Office Depot, demonstrated strategic leadership by prioritizing digital transformation and operational efficiency to reposition the company in a competitive retail landscape. His decision-making focused on integrating technology-driven solutions and streamlining costs, which enhanced Office Depot's market responsiveness and financial performance. Under Smith's leadership, Office Depot experienced improved profitability and a stronger e-commerce presence, solidifying its position in the office supply industry.
Latest News
Office Depot Parent ODP Corp. Acquired by Atlas Holdings, Set to Go Private
ODP Corp., parent of Office Depot and OfficeMax, is being acquired by private equity firm Atlas Holdings in a $1 billion deal, with CEO Gerry Smith emphasizing the company's shift toward B2B growth and operational improvements. The transaction, expected to close by end of 2025, will take Office Depot private, reflecting its strategic pivot amid declining retail demand.
Source: http://www.crn.com/news/channel-news/2025/end-of-an-era-office-depot-officemax-parent-odp-to-be-acquired-go-private