Deerfield, IL - United Stationers Inc. announced that Fareed Khan, senior vice president and chief financial officer, has decided to leave the company to accept a position with another firm.
"We respect Fareed's decision to leave the company and we thank him for his many contributions to United Stationers," said Cody Phipps, president and chief executive officer.
The business products distributor did not disclose which company Khan would be joining.
The company further announced that Todd Shelton has been appointed to senior vice president and chief financial officer of United Stationers Inc., effective immediately. Mr. Shelton is currently president of United Stationers Supply and has held several key business and financial leadership roles during his 12 years at United Stationers.
"We are pleased to name Todd as our new CFO," said Phipps. "Todd brings a unique blend of finance and operating skills and an in-depth knowledge of the business to the role. I am very confident in Todd's ability to lead our talented finance organization, work closely with our business leaders and represent the company effectively in the investment community. On an interim basis, I will assume direct responsibility for leading the Supply business team. Our senior leadership team remains very strong as we continue to drive the business towards the strategic and financial objectives we have established," concluded Phipps.
