Office Depot, Inc. Names Michael A. Steele Vice President, Investor Relations

January 16, 2014 10:01 AM

BOCA RATON, Fla.--Jan. 16, 2014-- Office Depot, Inc.(NYSE: ODP), a leading global provider of office products, services, and solutions formed by the merger ofOffice Depot and OfficeMax, today announced the appointment of Michael A. Steele as Vice President, Investor Relations, effective immediately. Steele reports toStephen E. Hare, Executive Vice President and Chief Financial Officer.

Steele will develop and execute Office Depot's investor relations strategy, serving as the primary interface for management with the financial community. He plans to relocate to the Office Depot corporate headquarters in Boca Ratonin the coming months.

Rich Leland, having led both treasury and investor relations for Office DepotsinceApril 2013, will continue as Vice President Finance and Treasurer, assuming additional key responsibilities in an expanded role.

Steele most recently served as Vice President, Investor Relations for OfficeMax Incorporated, where he had been employed sinceJuly 2007. Previously, he worked at The ServiceMaster Company, a residential and commercial service network, in various corporate finance roles including financial planning, treasury, and mergers and acquisitions. Early in his career, he held financial roles in the telecommunications industry and banking.

"As we work to integrate Office Depotand OfficeMax, clear and effective communication with our investors and the financial community is essential," saidSteve Hare. "We are excited about the depth of experience and expertise that Mike brings to this role, particularly the relationships that he has formed while at OfficeMax."

Steele, 41, is a CFA charter holder and graduated with an MBA fromLoyola University Chicagoand with a BS fromNorthern Illinois University. He has been an active member of the Senior Roundtable of the National Investor Relations Institute (NIRI), and is a former board member of NIRI'sChicagochapter.

About Office Depot, Inc.

Formed by the merger of Office Depotand OfficeMax,Office Depot, a leading global provider of products, services, and solutions for every workplace - whether your workplace is an office, home, school, or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The company has combined annual sales of approximately$17 billion, employs about 66,000 associates, and serves consumers and businesses in 59 countries with more than 2,200 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization - all delivered through a global network of wholly owned operations, joint ventures, franchisees, licensees and alliance partners. The company's portfolio of leading brands includesOffice Depot, OfficeMax, OfficeMax Grand & Toy, Viking, Ativa, TUL, Foray, and DiVOGA.

Office Depot, Inc.'s common stock is listed on the New York Stock Exchangeunder the symbol ODP. Additional press information can be found at:

Additional information about the recently completed merger of Office Depotand OfficeMax can be found at 




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