Former CVS Caremark president takes the reins at Office Depot

BOCA RATON, Fla. — Office Depot on Monday announced that Mark Cosby has been named as the company's president, North America. Cosby will be member of the  executive committee and leadership team and will report to Roland Smith, chairman and CEO Office Depot. In his new position, Cosby will oversee the company's retail, contract sales, e-commerce, merchandising, marketing, real estate and supply chain functions in the North America.

Cosby was most recentlly president of pharmacy at CVS Caremark, where he was responsible for multiple aspects of the $65 billion retail business, which includes 7,600 retail stores, 19 distribution centers, retail merchandising, supply chain, marketing, real estate and store pharmacy operations. Under Cosby's leadership, the company's retail revenue grew 10%, retail profits saw an increase of 27% and share price more than doubled. Prior to his time at CVS Caremark, Cosby spent five years at Macy's in a number of executive positions.

“I am excited to join Office Depot as the newly-merged company is defining its path for the future,” Cosby said. “I look forward to partnering with my new team to continue the excellent progress on the integration and transforming our business to drive shareholder value.”

Cosby earned both a bachelor of business administration and an MBA from the University of Wisconsin.

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