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Milliken Leaves OfficeMax

ITASCA, IL-The accounting troubles at the office-supply purveyor costs another executive his job.

By Dees Stribling | Updated on February 14, 2005

ITASCA, IL-OfficeMax, roiled by a billing scandal and the necessity of restating its recent earnings, lost another C-suite member yesterday with the resignation of Christopher C. Milliken, president, CEO and member of the board of directors. George J. Harad, executive chairman, has been appointed by the board as interim CEO. “We are taking steps to strengthen the OfficeMax management team,” Harad noted in a statement.

Milliken had hardly been in the post long enough to warm the CEO’s chair, serving only four months, coming to the position as the result of the merger of OfficeMax and paper products company Boise Cascade Corp., where he was president and CEO of the Boise Office Solutions division. Last month, OfficeMax CFO Brian Anderson quit after just two months on the job.

OfficeMax’s troubles stem from a probe the company launched late last year into allegations that a number of its employees falsified supporting documents for about $3.3 million in claims billed to a vendor, very likely as a scheme to enrich themselves, though the company has refused to release any details. It has been reported that six employees associated with the bogus documents have been fired, however (the six do not include Milliken or Anderson).

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