Exhibit 99.1
The ODP Corporation Announces Board Changes
June 3, 2024
Proven Finance Executives Amy
Schioldager and Evan Levitt to Join the Board
Wendy Schoppert Appointed Board Chair
BOCA RATON, Fla., June 3, 2024 The ODP Corporation (ODP or the Company) (NASDAQ:ODP), a leading provider of business
services, products and digital workplace technology solutions to businesses and consumers, today announced the appointment of financial executives Amy Schioldager and Evan Levitt to its Board of Directors.
The Company also announced that Wendy Schoppert, ODP Board member since 2020, will assume the role of independent Board Chair as Joseph Vassalluzzo steps down
from the Board after 11 years of service.
These changes will be effective on June 10, 2024. ODPs Board size will be increased from seven
members to eight, with directors having an average tenure of approximately five years.
We are thrilled to welcome Amy and Evan to the ODP Board at
this juncture, as we continue to evolve our business and position our Company to drive future profitable growth, said Wendy Schoppert, Chair-Elect of the Board. They bring valuable perspectives to further enhance the diverse skills of
our Board, advance our value creation initiatives, and champion the continued growth of our strong 5C Culture.
Both Amy and Evan are proven
financial executives with decades of leadership experience at Fortune 500 companies, Schoppert continued. With 25 years of experience at BlackRock, Amy brings technical and strategic expertise, having led investment teams across markets
and segments, and has deep shareholder and public company governance experience. Evan has extensive financial and audit expertise across industries, as well as a strong understanding of distribution and consumer businesses. We look forward to
leveraging their unique backgrounds as we continue to focus on driving long-term profitable growth and shareholder value.
We would also like to
thank Joe for his Board service, including as independent Chairman for the past seven years. His leadership and insight have been instrumental through ODPs evolution. We wish him all the best in the future, Schoppert concluded.
About Amy Schioldager
Amy has over 25 years of
experience in various leadership positions at BlackRock, Inc., where she led investment teams across global equity markets and client segments. Most recently, Amy served as Senior Managing Director and Global Head of Beta Strategies. In this role,
she oversaw $2.5 trillion in assets under management across seven global offices. She also served on BlackRocks Global Executive Committee, which oversaw $11 billion in profit and loss and 13,000 employees across 30 countries. In addition
to her investment and business leadership experience, Amy has strong board experience: she currently serves on the public company boards of Intermediate Capital Group plc and Corebridge Financial Inc, as well as the private organization boards of
Boardspan Inc and California State University East Bay. She previously served on the board of American International Group Inc.
About Evan
Levitt
Evan brings over 30 years of experience in finance and accounting and has served in numerous leadership positions across industries. Most
recently, Evan was Interim Executive Vice President and Chief Financial Officer at BrandSafway, a leading construction company providing solutions to the industrial, commercial and infrastructure markets. Prior to that, he held various leadership
roles at The Home Depot, Inc. / HD Supply Holdings over the course of 17 years, during which time he played a pivotal role in negotiating the sale of HD Supply to The Home Depot, Inc. His most recent role at the company was as Senior Vice President,
Chief Financial Officer, Chief Administrative Officer of HD Supply Holdings Inc. He currently serves on the private company boards of Artera Services, where he is a member of the Audit Committee, and WASH, where he serves as the Chairman of the
Audit and Risk Committee.
About The ODP Corporation
The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omni-channel presence, which includes supply chain and distribution operations, dedicated sales professionals, a B2B
digital procurement solution, online presence, and a network of Office Depot and OfficeMax retail stores. Through its operating companies ODP Business Solutions, LLC; Office Depot, LLC; Veyer, LLC; and Varis,
Inc, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com.
ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, LLC.
OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, Inc. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. ©2023 Office Depot, LLC. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.
Contact
Tim Perrott
Investor Relations
561-438-4629
Tim.Perrott@theodpcorp.com