Group 1 - Craig Gunckel has been appointed as the new CEO of The ODP Corporation following the completion of its acquisition by Atlas Holdings, which is valued at approximately $1 billion [1][2] - The acquisition has received all necessary regulatory approvals and ODP is now a private and independently operated company, leading to its stock being delisted from the Nasdaq [2] - Gunckel brings nearly 30 years of leadership experience in the paper and packaging industries, having previously served as CEO of Iconex, a company owned by Atlas [3] Group 2 - The ODP Corporation is undergoing a slow turnaround, shifting focus from retail to business-to-business operations, although recent performance has shown only modest improvement in the B2B segment while retail has continued to decline [4] - Analysts from UBS noted that significant progress in ODP's turnaround will take time, indicating a cautious outlook on the company's recovery [5] - Under new ownership, ODP aims to enhance agility and focus on its core businesses, Office Depot OfficeMax and ODP Business Solutions, with a commitment to sustainable and profitable growth [6]