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Office Depot CFO to leave

November 26, 2019

Chief Financial Officer Joseph T. Lower was announced to be leaving Office Depot in Q1 2020.

Office Depot, Inc. announced that Joseph T. Lower, Executive Vice President and Chief Financial Officer, is leaving the company, effective 10 January 2020, to assume the role of Chief Financial Officer at AutoNation, Inc.

“We are grateful to Joe for his leadership over the past two years in advancing our transformation efforts and wish him every success in the future,” said Gerry Smith, Office Depot’s Chief Executive Officer. “Joe is supported by an outstanding finance organisation that will continue to serve the company and its shareholders well.”

Joe Lower said: “It has been a tremendous career experience working at Office Depot and I am proud of the progress we have made toward achieving our strategic goals. Office Depot is well positioned with a strong balance sheet to continue along its transformation and create shareholder value.”

Office Depot has initiated a search for a new Chief Financial Officer.

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