| Office Depot wins Financial Innovation Award |
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“Most Effective Sourcing and Partnerships Strategy Award” Won Jointly with Lloyds TSB Leicester, 8th January 2008 - Office Depot (NYSE: ODP), a leading global provider of office products and services, today announced that it has won “Most Effective Sourcing and Partnerships Strategy Award” in conjunction with Lloyds TSB at the prestigious Financial Innovation Awards 2007. The award recognised Office Depot’s solutions-oriented approach with its customer, Lloyds TSB, a major High Street Bank. The award was presented at a black tie gala dinner on 21st November at the New Connaught Rooms, Covent Garden, London by the Institute of Financial Services. Now in their 10th year, the awards are among the most recognised and sought after in the financial industry. The awards are judged by a respected panel of industry specialists, including a number of senior industry advisers. “Lloyds TSB and Office Depot have delivered a genuine partnership with shared working and significant benefits and innovations for both parties,” said Mark Goodman, a judge on the panel, from Penuel Consulting Ltd. “Continuous improvements and knowledge sharing have become an effective ongoing part of the partnership.” “An implicit understanding between Office Depot and Lloyds and consistent execution of our customer’s goals has been the catalyst for the relationship,” said Tony Bennett, Director Contract Sales for Office Depot UK and Ireland.” Each year we agree to mutual goals, develop a plan, measure and monitor progress and deliver on our promises and commitments. For more than 13 years, our relationship has maintained a freshness and focus that is vital for success.” “This award, along with our recent Royal Bank of Scotland (RBS) Supplier Award, is evidence of our ability to successfully serve large and complex customers in a demanding sector of the UK market,” said John Moore, Managing Director and Vice President for Office Depot UK and Ireland. “This fantastic result is testament to the hard work undertaken by all of the Lloyds TSB team at Office Depot and is recognition of a real team effort that goes across the whole of our business.” Find out more at www.whyofficedepot.com |




