Office Depot 2011 Annual Report Download - page 46

since 2002. She served as President of Diners Club North America from 1999 until 2002 and from 1994 until
1999, she served as Executive Vice President, Corporate Card Sales. Prior to that she served in various positions
of increasing responsibility within Citigroup or its predecessor corporations since 1988. From 1985 until 1987,
Ms. Gaines was Deputy Chief of Staff for the Mayor of the City of Chicago. She is currently a director of AGL
Resources, the Federal National Mortgage Association (Fannie Mae) and Tenet Healthcare Corporation, and is
on the National Board of the Smithsonian Institution. Ms. Gaines also served as a director of CNA Financial
Corp. from 2004 to 2007 and NICOR, Inc. from 2006 to 2011 and has served as a board member of the
non-profit organization March of Dimes. Ms. Gaines has significant experience in financial services, including
the credit card and payment industry. As Chief Executive Officer of Diners Club North America, she managed a
company with three distinct customer groups, that included retail consumers, small businesses and large
multinational corporations. While working as the Deputy Chief of Staff for the Mayor of the City of Chicago,
Ms. Gaines developed valuable experience working with public agencies, which represent one of the company’s
larger customer segments. This experience enables her to provide insights into the company’s core customers as
well as the company’s products and services. Ms. Gaines has held a number of executive and board leadership
positions in a number of public companies. Ms. Gaines’ service on other public company boards allows her to
provide the Board of Directors with a variety of perspectives on corporate governance issues.
MYRA M. HART — AGE: 71
Ms. Hart has served as a Director on our Board since 2004. She is currently a member of Harvard Business
School’s senior faculty. From 1995 to 2007, she served as Professor, Entrepreneurial Management, at the
Harvard Business School. In 2007 and 2008, she was a visiting scholar at Babson College and Stanford
University, respectively. From 1985 until 1990, Dr. Hart was a member of the Staples, Inc. founding
management team, leading operations, growth and development. She is a Director of Nina McLemore, Inc. and
Kraft Foods, Inc. and a former director of Summer Infant, Inc. and Royal Ahold. Dr. Hart is also a member of the
National Board of the Smithsonian Institution, and Trustee Emeritus of Cornell University. Dr. Hart’s experience
in the industry enables her to share with our Board suggestions about how similarly-situated companies
effectively assess and undertake business considerations and opportunities. In addition, as a member of Harvard
Business School’s senior faculty, Dr. Hart has been able to offer Office Depot a variety of business management
solutions that are grounded in policies and practices taught at the business school. Dr. Hart’s service on other
public, private and non-profit boards also provides our Board with a diverse knowledge of best practices.
On February 21, 2012 Ms. Hart informed the Board that she will not be standing for re-election for the coming
year, and that her service as a director will end effective the date of the Annual Meeting of Shareholders to be
held in 2012.
W. SCOTT HEDRICK — AGE: 66
Mr. Hedrick has been a Director on our Board since 1991. From November 1986 until April 1991, he was a
Director of The Office Club, Inc., which was acquired by Office Depot in 1991. Mr. Hedrick was appointed Lead
Director in February 2011. He was a founder and has been a general partner of InterWest Partners, a venture
capital fund, since 1979. Mr. Hedrick is also a director of Hot Topic, Inc. and a cluster of mutual funds managed
by Capital Research and Management Company. As one of our longest-serving non-executive Directors,
Mr. Hedrick brings an important institutional knowledge to our Board. His work with InterWest provides him
with a solid basis for his analysis of our financial strategies. Mr. Hedrick’s service on the board of Hot Topic,
Inc. gives him another view of the issues affecting retailers, which is useful to our Board of Directors.
KATHLEEN MASON — AGE: 62
Ms. Mason has served as a Director on our Board since 2006. She currently serves as President and Chief
Executive Officer of Tuesday Morning Corporation and has served in that position since July 2000. From July
1999 to November 1999, Ms. Mason served as President of Filene’s Basement, a department store chain. From
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