Office Depot Announces Departure of Board Members
November 05 2013 - 4:02PM
Business Wire
Bateman, Colligan, Fife, Mason and Svider will
not Seek Appointment to Merged Company Board
Office Depot, Inc. (NYSE: ODP), a leading global provider of
office supplies and services, today announced the departure of five
directors who informed the Company that they would not seek to be
appointed to the new Board of Directors following the proposed
merger of Office Depot, Inc. and OfficeMax Incorporated.
Kathleen Mason joined the Office Depot Board in 2006. Justin
Bateman and Raymond Svider were appointed to the Board in 2009. Tom
Colligan served on the Board since 2010, and Eugene Fife was
elected to the Board in 2012. The departure is expected to be
effective today at the time of closing of the merger with
OfficeMax.
Neil Austrian, Chairman and Chief Executive Officer of Office
Depot, stated, “Each of these Board members was instrumental in
guiding the Company through a period of difficult economic
conditions as well as executing two of the Company’s largest value
creation opportunities – the sale of our stake in the Mexican joint
venture and our historic merger with OfficeMax. On behalf of the
Company, I thank each of them for their leadership and wish them
much success in their future endeavors.”
About Office Depot
Office Depot provides office supplies and services through more
than 1,300 worldwide retail stores, a field sales force, top-rated
catalogs and e-commerce operations, all delivered through a global
network of wholly owned operations, licensees, franchisees and
alliance partners. Office Depot has annual sales of approximately
$10.7 billion, employs about 38,000 associates and serves customers
in 59 countries around the world.
Office Depot’s common stock is listed on the New York Stock
Exchange under the symbol ODP. Additional press information can be
found at: http://news.officedepot.com.
Office Depot, Inc.Investor RelationsRichard Leland,
561-438-3796richard.leland@officedepot.comorPublic RelationsBrian
Levine, 561-438-2895brian.levine@officedepot.com
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