Office Depot, Inc. Names Troy Rice Executive Vice President of Retail

BOCA RATON, Fla.--()--Office Depot, Inc. (NYSE:ODP), a leading global provider of office products, services, and solutions formed by the merger of Office Depot and OfficeMax, today announced the appointment of Troy Rice as Executive Vice President of Retail, effective April 14, 2014. Rice replaces Juan Guerrero and will serve as a member of Office Depot’s Leadership Team reporting directly to Roland Smith, Chairman and CEO of Office Depot, Inc.

“Troy is an accomplished executive who has focused his career on improving operational performance and the customer experience in multi-unit retail stores,” said Smith. “His 20+ years of experience in retail operations and his omni-channel orientation will enable him to make immediate and significant contributions to a number of Office Depot’s 2014 critical priorities.”

Rice joins Office Depot, Inc. following a successful 24-year track record of growing revenue, improving operations and increasing profits for two leading retail chains. He most recently served for eight years as Executive Vice President - Stores and Services at Toys“R”Us during which he was responsible for all aspects of store operations for Toys“R”Us and Babies“R”Us, including the integrated store strategy, as well as operations for FAO Schwarz and seasonal stores. Previously, Rice spent 16 years in positions of increasing responsibility at Home Depot, culminating in the role of Division President, Northern Division, in which he held full operational responsibility for Home Depot’s largest division, with over $24 billion of annual revenue.

“Office Depot, Inc. has the exciting opportunity of bringing two great brands together in a way that provides the greatest benefit for our customers. I look forward to applying my experience and energy to this challenge and to making a significant positive impact,” said Rice.

Rice, 51, earned a Bachelor of Business Administration and Finance from Kennesaw State University in Kennesaw, GA.

About Office Depot, Inc.

Formed by the merger of Office Depot and OfficeMax, Office Depot, Inc. is 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 pro forma annual sales of approximately $17 billion, employs over 60,000 associates, and serves consumers and businesses in 57 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 includes Office Depot, OfficeMax, OfficeMax Grand & Toy, Viking, Ativa, TUL, Foray, and DiVOGA.

Office Depot, Inc.’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.

Additional information about the recently completed merger of Office Depot and OfficeMax can be found at http://officedepotmaxmerger.com.

Contacts

Office Depot, Inc.
Media Relations:
Karen Denning, 630-864-6050
karendenning@officemax.com
or
Investor Relations:
Mike Steele, 561-438-3657
Michael.Steele@officedepot.com

Release Summary

Office Depot, Inc. announces the appointment of Troy Rice as Executive Vice President of Retail.

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Contacts

Office Depot, Inc.
Media Relations:
Karen Denning, 630-864-6050
karendenning@officemax.com
or
Investor Relations:
Mike Steele, 561-438-3657
Michael.Steele@officedepot.com