|Steven Bussberg Promoted to Senior Vice President of Finance, North American Delivery; Luis Borgen Promoted to Senior Vice President of Finance, U.S. Stores
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Mar. 18, 2009--
Staples, Inc. (Nasdaq: SPLS) today announced the promotions of Steven
Bussberg to senior vice president of finance for the company’s North
American Delivery business and Luis Borgen to senior vice president of
finance for the U.S. Stores business. Bussberg, formerly vice president
of finance, will continue to report to Joe Doody, president of North
American Delivery. Borgen, formerly vice president of finance, will
continue to report to Demos Parneros, president of U.S. Stores.
“Steve and Luis have both shown great leadership of their respective
finance teams over the years,” said John Mahoney, Staples vice chairman
and chief financial officer. “Through their unique management skills and
proven experiences in financial operations, they will each play
important roles in helping drive our success in the years to come.”
Bussberg joined Staples in 1990 and has held a number of positions with
increasing responsibility leading up to his appointment as vice
president of finance in 2000. He has also played a key role in managing
the integration of Corporate Express for the North American Delivery
finance team. Borgen joined Staples in 1997 and has served in roles of
increasing responsibility leading to his appointment as vice president
of finance and assistant treasurer in 2002. He also led the corporate
financial planning and analysis function, and most recently leads the
finance function for the U.S. Stores business.
Staples, the world’s largest office products company, is committed to
making it easy for customers to buy a wide range of office products,
including supplies, technology, furniture, and business services. With
2008 sales of $23 billion and 91,000 associates worldwide, Staples
serves businesses of all sizes and consumers in 27 countries throughout
North and South America, Europe, Asia and Australia. In July 2008,
Staples acquired Corporate Express, one of the world’s leading suppliers
of office products to businesses and institutions. Staples invented the
office superstore concept in 1986 and is headquartered outside Boston.
More information about Staples (Nasdaq: SPLS) is available at www.staples.com.
Source: Staples, Inc.
Owen Davis, 508-253-8468