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Headquarters:
2200 Old Germantown Road
Delray Beach, FL 33445
Employees: 52,000
CEO: Steve Odland
Stock Symbol: ODP
Website:
http://www.officedepot.com
Career Site
Office Depot is one of the leading retailers
of office supply products via superstores, catalogs and the Internet.
The company also owns Viking Office Products, a leading direct-mail
marketer of office supplies to businesses.
Company stores sell brand name and private
brand office supplies, business machines and computers, computer
software, office furniture and other business-related products
and services. The company sells to customers directly or through
affiliates in 42 countries.
As of March 31, 2007, Office Depot had
1,174 retail stores in North America and another 360 stores,
either company-owned, licensed or franchised, in other parts
of the world. Office Depot serves a wide range of customers through
a dedicated sales force, telephone account managers, direct mail
offerings, and multiple web sites. With $4.5 billion in online
sales during the last twelve months, the Company is also one
of the world's largest e-commerce retailers.
In fiscal 2006, Office Depot reported revenues
of $15.0 billion and net income of $516.1 million.
History
Office Depot was founded in October, 1986
by Pat Sher, Jack Kopkin and Stephen Dougherty. They opened the
first store in Fort Lauderdale, FL. In late 1987, David Fuente
assumed the post of Chairman and Chief Executive Officer of the
fledging company, and took Office Depot public in 1988. The Executive
Team immediately began to execute an ambitious plan to expand
the Company's footprint in key U.S. markets. The results were
dramatic: By the end of 1990 Office Depot had 173 stores in 27
states. That same year, Office Depot announced its merger with
The Office Club, Inc., becoming the largest office products retailer
in North America.
In 1998, Office Depot merged with Viking
Office Products.
Benefits
Medical/Dental/Vision/Life Insurance
Plans
All full-time eligible employees may participate in Medical,
Dental/Vision, Disability, Basic Life & AD&D and Supplemental
Life benefits on the first of the month following 90 days of
active service.
401(k) Retirement Savings Plan
All employees are eligible to enroll in the Plan if they are
at least 21 years of age and have completed 1,000 hours of active
service within a 12 month period. Employees may contribute (pre-tax)
1% - 18% of weekly earnings. Amount of pre-tax savings may be
limited based on salary. The Company will match $.50 for every
$1.00 contributed up to 6% of their pay. The matching funds are
invested in the Office Depot Stock Fund. Employees are eligible
to roll over a distribution from a previous employer's Qualified
Plan upon hire.
Employee Stock Purchase Plan
All employees who have attained the age of majority in their
state are eligible to participate in the stock purchase plan.
Employees may contribute between $3.00 to $400.00 per week. Stock
is purchased at 85% of fair market value.
Certain positions may be eligible for stock options and cash
bonuses
Disability Income Plan
Full-time employees may participate in both the short and long
term disability program the first of the month following or coinciding
with 90 days of active service. This plan offers employees the
opportunity to receive short and long term salary replacement
should they become permanently or temporarily disabled.
Paid Holidays/Personal/Vacation/Sick Time
Tuition Reimbursement Program
Full-time employees with 6 months of continuous active service
and part-time employees with 1 year of continuous active service
prior to the start of the course are eligible to apply for tuition
assistance through the Office Depot Tuition Reimbursement Program.
Courses must be job related or part of a degree requirement.
Employee Assistance Program
A program of brief counseling and other forms of assistance to
employees and their household members suffering from emotional
and family problems, substance abuse, etc. is available at no
cost to all employees.
Office Depot Employee Discount
All employees are eligible for a 10% discount off regular priced
merchandise in Office Depot retail locations.
Matching Gifts for Education
Office Depot will match an employee's individual contribution
of at least $25, to an annual maximum of $10,000 made to a qualifying
educational institution that meets the guidelines of the Program.
Matching Gifts for Volunteer Leaders
Office Depot will match an employee's individual contribution
of at least $25, to an annual maximum of $5,000, if the employee
is a member (i.e. director, trustee) of the governing body of
a qualifying non-profit organization.
Grants for Volunteers
Employees who volunteer a minimum of 40 hours (without pay) of
their own time during any 6 month period to an eligible organization,
may apply for two grants in the amount of $500 each per calendar
year. These grants will be donated directly to the organization.
Updated June 6, 2007
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