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The ODP Corporation Announces Chief Accounting Officer to Leave Company in Q2 2022

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The ODP Corporation (NASDAQ: ODP) announced that Richard Haas, Senior Vice President and Chief Accounting Officer, will leave the company effective April 1, 2022, to pursue other interests. Haas has been in the position since May 2019 and joined the company in January 2014. CEO Gerry Smith expressed appreciation for Haas's contributions and indicated that he will assist in the transition until his departure. The company is now searching for a successor to fill the role.

Positive
  • Richard Haas contributed to the company since 2014, and his experience may aid in a smooth transition.
  • The company's proactive approach to finding a successor may ensure continuity in leadership.
Negative
  • The departure of a key executive like Haas may create uncertainty among investors.
  • Potential leadership vacuum until a new Chief Accounting Officer is appointed.

BOCA RATON, Fla.--(BUSINESS WIRE)-- The ODP Corporation (NASDAQ: ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the “Company”), announced today that Richard Haas, Senior Vice President and Chief Accounting Officer, will be leaving the Company, effective April 1, 2022, to pursue other interests.

“We appreciate all of Richard’s many contributions to the Company over the years and wish him much success in his future endeavors,” said Gerry Smith, Chief Executive Officer of The ODP Corporation. “To ensure a smooth transition, Richard will continue to work closely with Executive Vice President, Chief Financial Officer D. Anthony Scaglione, until the departure date.”

Haas has held the position of Chief Accounting Officer since May 2019. He first joined the Company in January 2014 as Office Depot’s Vice President of Tax. Prior to joining Office Depot, he was Vice President of Tax for OfficeMax.

The Company is beginning a search for Haas’ successor and will communicate the appointment at the appropriate time.

About The ODP Corporation

The ODP Corporation (NASDAQ:ODP) is a leading provider of business services and supplies, products and digital workplace technology solutions to small, medium and enterprise businesses, through an integrated business-to-business (B2B) distribution platform, which includes world-class supply chain and distribution operations, dedicated sales professionals and technicians, online presence, and approximately 1,100 stores. Through its banner brands Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, as well as others, the Company offers its customers the tools and resources they need to focus on their passion of starting, growing and running their business. For more information, visit news.theodpcorp.com and investor.theodpcorp.com.

ODP and Office Depot are trademarks of The Office Club, Inc. OfficeMax is a trademark of OMX, Inc. CompuCom is a trademark of CompuCom Systems, Inc. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. ©2021 Office Depot, LLC. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.

Danny Jovic

Media Relations

561-438-1594

Danny.Jovic@officedepot.com

Tim Perrott

Investor Relations

561-438-4629

Tim.Perrott@officedepot.com

Source: The ODP Corporation

FAQ

When is Richard Haas leaving ODP Corporation?

Richard Haas is leaving ODP Corporation effective April 1, 2022.

Who is the CEO of ODP Corporation?

The CEO of ODP Corporation is Gerry Smith.

What position did Richard Haas hold at ODP Corporation?

Richard Haas was the Senior Vice President and Chief Accounting Officer.

When did Richard Haas join ODP Corporation?

Richard Haas joined ODP Corporation in January 2014.

What will happen after Richard Haas leaves ODP Corporation?

The company is beginning a search for a successor to Richard Haas.

The ODP Corporation

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