Office Depot 2012 Annual Report Download - page 11

R
obert J. Moore
—
Age: 56
Mr. Moore is our Executive Vice President, marketing and Merchandising. He was appointed Executive Vice President and Chie
f
Marketing Officer for Office Depot in July of 2011 and assumed responsibility for our Merchandising Operations in August 2012.
Mr. Moore joined the Company as Interim Head of Marketing in April 2011. Prior to joining Office Depot, he ran his own marketing
consulting practice from January 2009 to April 2011, and before that served as President of the U.S. Vision Care business from July
2007 to July 2008 and various senior executive positions since 2002. Mr. Moore’s experience also includes Executive Vice President
of Marketing for Staples from 1999 to 2001 and Global VP Marketing and Product Design for Ray Ban Sunglass Group from 1996 to
1999.
K
evin Peters — Age: 55
Mr. Peters resigned from Office Depot effective January 4, 2013. He was appointed President, North American in July 2011. He
previously served as President of the North American Retail Division since April 2010 and as Executive Vice President, Supply
Chain and Information Technology since March 2009. He joined the Company in 2007 as Executive Vice President, Supply Chain.
Prior to joining the Company, Mr. Peters spent five years in management roles at W.W. Grainger, including Senior Vice President,
Supply Chain and Merchandising. Prior to W.W. Grainger, Mr. Peters spent 11 years at The Home Depot, serving as Vice President
and General Manager, Home Depot Commercial Direct and Vice President Supply Chain and Merchandising.
Steven Schmidt — Age: 58
Mr. Schmidt was appointed President, International in November 2011 after serving as Executive Vice President, Corporate Strategy
and New Business Development since July 2011, and as President, North American Business Solutions since July 2007. Prior to
j
oining Office Depot, Mr. Schmidt spent 11 years with the ACNielsen Corporation, most recently serving as President and Chie
f
Executive Officer. Prior to joining ACNielsen, Mr. Schmidt spent eight years at the Pillsbury Food Company, serving as President o
f
its Canadian and Southeast Asian operations. He has also held management positions at PepsiCo and Procter & Gamble.
Item 1A. Risk Factors.
In addition to risks and uncertainties in the ordinary course of business that are common to all businesses, important factors that are
specific to our industry and our Company could materially impact our future performance and results. We have provided below a list
of risk factors that should be reviewed when considering investing in our securities. These are not all the risks we face, and othe
r
factors currently considered immaterial or unknown to us may impact our future operations.
D
eclines in business and consumer spending could adversely affect our business and financial performance.
Our operating results and performance depend significantly on worldwide economic conditions and their impact on business and
consumer spending. The decline in business and consumer spending resulting from the global recession has caused our comparable
store sales to continue to decline from prior periods and we have experienced similar declines in most of our other domestic and
international businesses. Our business and financial performance may continue to be adversely affected by current and future
economic conditions and the level of consumer debt and interest rates, which may cause a continued or further decline in business and
consumer spending.
9