New director elected to OfficeMax board

NAPERVILLE, Ill. OfficeMax announced today that William Montgoris has been elected to serve on the company's board of directors. He will serve on the audit and executive compensation committees for OfficeMax.

"We welcome the financial and operational experience that Bill brings to the board", said Sam Duncan, chairman and ceo of OfficeMax. "I am confident that we will benefit greatly from his counsel."

Montgoris has been a member of the board of directors of Stage Stores since 2004 and is also a trustee of five funds within The Reserve Funds family of money market mutual funds. After 20 years of service, Montgoris retired from The Bear Stearns Companies, a leading global investment banking, securities trading and brokerage firm where he had held several top management positions, including coo and cfo. He began his career with the public accounting firm now known as Pricewaterhouse Coopers.