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ODP Corporation Board Member Steps Down
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The ODP Corporation announces the departure of Marcus Dunlop from its Board of Directors, following the expiration of a cooperation agreement with HG Vora. HG Vora, an independent shareholder, owns 8% of the company's outstanding shares. The ODP Corporation is a leading provider of B2B solutions, generating $2.7 billion in revenue and $205 million in adjusted EBITDA for the first nine months of 2023.
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How does the financial performance of The ODP Corporation compare to its competitors in the B2B sector?
How might the departure of a board member impact the strategic direction of The ODP Corporation?
What could be the implications of HG Vora's ownership of 8% of the company's shares?
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