Office Depot Appoints Lower Chief Financial Officer

Office Depot has appointed Joseph Lower as evp/chief financial officer.

As CFO, Lower will report directly to CEO Gerry Smith and be a member of the executive committee. He will be responsible for overseeing all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, as well as managing the tax, internal audit, treasury, and investor relations functions.

Lower most recently served as vp/chief financial officer at B/E Aerospace, Inc., where he oversaw all the financial reporting. Previously, he was vp/business development and strategy for The Boeing Company.

He succeeds Stephen Hare, evp/chief financial officer, who is retiring after four years in the role. Hare will assist in the transition of duties.

“We are excited to have Joe join the company as we continue to transform for the future,” said Smith. “His operational skills, business acumen and financial markets experience will help us deliver value for our shareholders. He will also play a key role in accelerating our efforts to disrupt the market and challenge the traditional ways of thinking about our core business.”