Operator
Good morning and welcome to The ODP Corporation's First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would like to introduce Tim Perrott, Vice President, Investor Relations. Mr. Perrott, you may now begin.
Timothy J. Perrott --
Vice President, Investor Relations
Good morning, and thank you for joining us for The ODP Corporation's first quarter 2021 earnings conference call. This is Tim Perrott and I'm here with Gerry Smith, our CEO; and Anthony Scaglione, our Executive Vice President and CFO. Also joining us today is David Bleisch, our Executive Vice President and Chief Legal and Administrative Officer.
During today's call, Gerry will provide an update on the business focusing much of this commentary on our accomplishments in the first quarter, including our operational performance and progress on our B2B pivot and digital transformation. David Bleisch will then provide commentary regarding the public proposal made by USR, an entity controlled by Sycamore Partners, the owner of Staples to acquire The ODP Corporation. After David's commentary, Gerry will then provide comments on our decision to pursue a tax-free spin-off of our B2B businesses, creating two independent publicly traded companies. Anthony will then review the company's financial results including highlights of our divisional performance. Following Anthony's comments, we will open up the line for your questions.