Office Depot announces new management and business strategy

Office Depot is back on track after a period of significant change, with new senior management appointments and a renewed business strategy.

The company was acquired by AURELIUS Equity Opportunities in January 2017 and is forging ahead with a renewed focus on office services, solutions and e-commerce.

Office Depot is now widening its business strategy to become not only the leading office supplies company in Europe, but also a leading provider of office services and solutions to its client base of over 1.2 million SMEs via its online channel, mail order service and call centres.

As part of the new business focus, Office Depot has made two new senior appointments to its leadership team: Udo Heskamp is now the CFO while Patrick Dittli joins as COO.

Neil Maslen, CEO and CSO of Contract at Office Depot said:

I am very pleased to announce that Office Depot is well on the road to recovery, with a new, experienced management team and a relentless drive to put our customers at the heart of everything we do.

Last year saw a period of stabilisation, as we worked closely with AURELIUS to successfully bring our business back on track. This year we are excited to be seeing the results of this stabilisation, with growth once again on the agenda, operating as one company with two great brands.

I am particularly pleased to welcome Udo Heskamp as our new Chief Financial Officer and Patrick Dittli as our new Chief Operating Officer. Both Udo and Patrick bring with them a wealth of experience and complete our new senior leadership team.”

Heskamp added:

I am very pleased to be joining Office Depot at such an important time in the business. I am looking forward to working with the rest of the leadership team to ensure sustainable growth across our markets and brands. Office Depot has a great history and reputation and I am excited to be part of the next phase of its development.”

Dittli commented:

“I am delighted to be joining Office Depot at such an exciting time for the business. Office Depot’s reputation and customer service are second to none and I am looking forward to meeting my colleagues and our customers over the coming months.”

Office Depot is also celebrating a number of significant new business wins in H1 2018 including deals with European manufacturer Voestalpine, a well-known UK high street bank and UK high street retailer.”