Media Relations

Press Release:

MEDIA CONTACTS: Linda Holtz
561-297-0159, lholtz@fau.edu or
Melissa Perlman
561-438-0704, melissa.perlman@officedepot.com

Groundbreaking Held at FAU for Office Depot Center for Executive Education

BOCA RATON, FL (July 10, 2007) – A ceremonial groundbreaking for the Office Depot Center for Executive Education took place June 21 on Florida Atlantic University’s Boca Raton campus. Designed as an addition to FAU’s Barry Kaye College of Business complex, the Office Depot Center for Executive Education will be a 15,500 square-foot, two-story structure that houses classrooms, as well as seminar and workshop space. More than 60 people, representing FAU, Office Depot and the community, were in attendance at the tented event.   A reception and dedication of the Office Depot Grand Lecture Hall in the College of Business were held immediately following the groundbreaking program.

Two generous gifts, totaling $2.8 million from Office Depot, a leading global provider of office products and services headquartered in South Florida, have funded this project.   Eligible for matching funds from the State of Florida’s Alec P. Courtelis Capital Facility Enhancement Challenge Grant Program, the gifts will double to $5.6 million.   Dedicated to executive education, training and research, the Office Depot Center will expand the College’s offerings to the business community by providing customized programs for South Florida employers, including corporate training events, continuing education classes, degree programs and seminars.  It is expected that the new Office Depot Center will be completed by May 2008.

            “While today’s groundbreaking signals the beginning of construction for what will become a stunning new structure on the Boca Raton campus, it also provides FAU with the opportunity to thank our sponsor in this public-private collaboration,” said FAU President Frank T. Brogan ’81.   “We are so fortunate to receive this level of support from Office Depot.   This kind of generosity will allow us to reach a new level of academic excellence.   Faculty, students and the community will benefit from such a vital and important center.”

            Office Depot has supported FAU and the College of Business for more than 15 years.   In 2002, Office Depot provided funding for the Office Depot Eminent Scholar Chair in Small Business Research, now held by Dr. Chandra Mishra, with a gift of $600,000.   This gift made FAU the first university in the nation to establish a chair dedicated to the study of small business. The company also established the Annual Office Depot Small Business Research Forum, a series of academic research presentations set to discuss issues related to the management of the small enterprise.   Other gifts to FAU from Office Depot have been made to the Marleen and Harold Forkas Alumni Center and the College of Business’ department of accounting.  

             

- FAU -

About Office Depot

Office Depot provides more office products and services to more customers in more countries than any other company.  

Incorporated in 1986 and headquartered in Delray Beach, Fla., Office Depot has annual sales of more than $15 billion, and employs approximately 52,000 associates around the world. Currently, the Company sells to customers directly or through affiliates in 42 countries.

Office Depot is a leader in every distribution channel -- from retail stores and contract delivery to catalogs and e-commerce.   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.  

Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index.   Additional press information can be found at: http://mediarelations.officedepot.com.     

About Florida Atlantic University

F lorida Atlantic University opened its doors in 1964 as the fifth public university in Florida. Today, the university serves 26,000 undergraduate and graduate students on seven campuses strategically located along 150 miles of Florida's southeastern coastline.  Building on its rich tradition as a teaching university, with a world-class faculty, FAU hosts nine colleges - the Dorothy F. Schmidt College of Arts & Letters, the Charles E. Schmidt College of Biomedical Science, the Charles E. Schmidt College of Science, the Christine E. Lynn College of Nursing, the Harriet L. Wilkes Honors College, the Barry Kaye College of Business and the Colleges of Education, Engineering & Computer Science, and Architecture, Urban & Public Affairs.  For more information, visit www.fau.edu.

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