OfficeMax Announces Promotion of Deb O'Connor to Interim CFO and Departure of EVP and CFO Bruce Besanko

OfficeMax Announces Promotion of Deb O'Connor to Interim CFO and Departure of
                          EVP and CFO Bruce Besanko

PR Newswire

NAPERVILLE, Ill., July 24, 2013

NAPERVILLE, Ill., July 24, 2013 /PRNewswire/ --OfficeMax^® Incorporated
(NYSE:OMX), a leading provider of office and facility supplies, technology and
services, today announced that Bruce Besanko, executive vice president and
chief financial officer, will leave the company to become the executive vice
president and chief financial officer of SUPERVALU Inc. His last day at
OfficeMax will be August 6. Besanko has served OfficeMax as CFO since 2009,
playing an instrumental role in strengthening and overseeing the company's
financial functions and processes.

"We thank Bruce for his many contributions to OfficeMax," said Ravi Saligram,
President and CEO of OfficeMax. "He has successfully guided OfficeMax's
financial functions, establishing a reputation for performance, accountability
and transparency. As importantly, he has developed a strong and experienced
leadership team who will continue leading our finance operations. We wish
Bruce all the best in his new endeavors."

As OfficeMax progresses toward its proposed merger with Office Depot, Deb
O'Connor, senior vice president, finance and chief accounting officer, will
assume the role of interim chief financial officer, effective August 7. A
five-year veteran of OfficeMax, O'Connor previously served as senior vice
president and controller of the ServiceMaster Company, one of the world's
largest residential services networks.

"I am delighted to promote Deb and welcome her to our executive committee as
we move through this transformative period and historic proposed merger with
Office Depot," said Saligram. "Deb brings not only broad and deep financial
experience, but also a very personal and hands-on knowledge of our business,
markets and most critical strategic initiatives. She is uniquely qualified to
serve in this role, and I am very confident she will continue to add
tremendous value to our company and our shareholders."

Effective immediately, Steve Parsons, EVP and chief human resources officer,
will serve as co-leader of the merger integration planning process along with
Mike Newman, EVP and chief financial officer of Office Depot. Prior to joining
OfficeMax, Parsons has been involved in integration planning for mergers of
varying complexity and scale, up to and including multi-billion-dollar
transactions. Ravi Saligram, President and CEO of OfficeMax, and Neil
Austrian, Chairman and CEO of Office Depot, will continue to provide overall
sponsorship and stewardship of the integration planning process.

About OfficeMax

OfficeMax Incorporated (NYSE: OMX) is a leader in integrating products,
solutions and services for the workplace, whether for business or at home.
The OfficeMax mission is simple: We provide workplace innovation that enables
our customers to work better. The company provides office supplies and paper,
print and document services, technology products and solutions, and furniture
to businesses and consumers. OfficeMax consumers and business customers are
served by approximately 29,000 associates through; and; more than 900 stores in the U.S. and
Mexico; and direct sales and catalogs. OfficeMax has been named one of the
2013 World's Most Ethical Companies, and is the only company in the office
supply industry to receive Ethics Inside^® Certification by the Ethisphere
Institute. To find the nearest OfficeMax, call 1-877-OFFICEMAX. For more
information, visit

All trademarks, service marks and trade names of OfficeMax Incorporated used
herein are trademarks or registered trademarks of OfficeMax Incorporated. Any
other product or company names mentioned herein are the trademarks of their
respective owners.


Certain statements made in this document and other written or oral statements
made by or on behalf of OfficeMax and Office Depot constitute "forward-looking
statements" within the meaning of the federal securities laws, including
statements regarding both companies' future performance, as well as
management's expectations, beliefs, intentions, plans, estimates or
projections relating to the future. OfficeMax and Office Depot cannot
guarantee that the macroeconomy will perform within the assumptions underlying
their respective projected outlook; that their respective initiatives will be
successfully executed and produce the results underlying their respective
expectations, due to the uncertainties inherent in new initiatives, including
customer acceptance, unexpected expenses or challenges, or
slower-than-expected results from initiatives; or that their respective actual
results will be consistent with the forward-looking statements and you should
not place undue reliance on them. In addition, forward-looking statements
could be affected by the following additional factors, among others, related
to the business combination:the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger agreement
or the failure to satisfy closing conditions; the ability to obtain regulatory
approvals or third-party approvals for the transaction and the timing and
conditions for such approvals; the risk that the synergies from the
transaction may not be realized, may take longer to realize than expected, or
may cost more to achieve than expected; disruption from the transaction making
it more difficult to maintain relationships with customers, employees or
suppliers; the ability to successfully integrate the businesses; unexpected
costs or unexpected liabilities that may arise from the transaction, whether
or not consummated; the inability to retain key personnel; future regulatory
or legislative actions that could adversely affect OfficeMax and Office Depot;
and business plans of the customers and suppliers of OfficeMax and Office
Depot. The forward-looking statements made herein are based on current
expectations and speak only as of the date they are made. OfficeMax and
Office Depot undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of future events, new
information or otherwise. Important factors regarding OfficeMax and Office
Depot that may cause results to differ from expectations are included in the
companies' respective Annual Reports on Form 10-K for the year ended December
29, 2012, under 1A "Risk Factors", and in the companies' other filings with
the SEC.


This communication is not intended to and does not constitute an offer to sell
or the solicitation of an offer to subscribe for or buy or an invitation to
purchase or subscribe for any securities in any jurisdiction in connection
with the proposed merger of Office Depot with OfficeMax or otherwise, nor
shall there be any sale, issuance or transfer of securities in any
jurisdiction in contravention of applicable law. No offer of securities shall
be made except by means of a prospectus meeting the requirements of Section 10
of the Securities Act of 1933, as amended. Office Depot has filed with the
SEC a registration statement on Form S-4 that includes a definitive Joint
Proxy Statement of Office Depot and OfficeMax that also constitutes a
definitive prospectus of Office Depot. The registration statement was
declared effective by the SEC on June 7, 2013. Office Depot and OfficeMax
mailed the definitive Joint Proxy Statement/Prospectus to their respective
shareholders in connection with the transaction on or about June 10, 2013.
and shareholders are able to obtain free copies of the definitive Joint Proxy
Statement/Prospectus and other documents filed with the SEC by Office Depot
and OfficeMax through the website maintained by the SEC at In
addition, investors and shareholders are able to obtain free copies of the
definitive Joint Proxy Statement/Prospectus and other documents filed by
Office Depot with the SEC by contacting Office Depot Investor Relations at
6600 North Military Trail, Boca Raton, FL 33496 or by calling 561-438-7878,
and are able to obtain free copies of the definitive Joint Proxy
Statement/Prospectus and other documents filed by OfficeMax by contacting
OfficeMax Investor Relations at 263 Shuman Blvd., Naperville, Illinois 60563
or by calling 630-864-6800.

Investor Contact Media Contact
Mike Steele      Julie Treon
630 864 6826      630 864 6155

SOURCE OfficeMax Incorporated

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