Atlas Holdings Completes Acquisition of ODP Corporation, Names Craig Gunckel CEO.

Atlas Holdings completed the acquisition of The ODP Corporation for $1 billion, appointing Craig Gunckel as CEO. Gunckel has nearly three decades of leadership experience in the paper and packaging industry and previously led a transformation at Iconex, a global provider of label and receipt solutions. He succeeds Gerry P. Smith, who departed the company in conjunction with the transaction. Gunckel plans to refocus on the two core businesses, Office Depot OfficeMax and ODP Business Solutions, and drive sustainable growth.