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Staples Foundation for Learning Appoints Mike Miles President

FRAMINGHAM, Mass., Aug 11, 2010 (BUSINESS WIRE) --

Staples, Inc. (NASDAQ: SPLS) today announced the appointment of Mike Miles as president of Staples Foundation for Learning (SFFL), the charitable arm of Staples, Inc. Since its inception in 2002, SFFL has provided educational opportunities and job skills for millions of young people around the world. Miles, Staples' president and chief operating officer, succeeds Ron Sargent, Staples' chairman and chief executive officer, as head of the Foundation.

"As we continue to build SFFL, we look forward to further engaging our senior executives in contributing to the growth and development of the organization," said Sargent. "The Foundation is in good hands under Mike's leadership and I look forward to providing my continued support toward the great work the team is doing."

Since its launch in 2002, Staples Foundation for Learning has contributed to nearly 1,000 non-profit organizations. In addition to supporting many local organizations where Staples associates live and work, SFFL has established charitable partnerships with Boys & Girls Clubs of America, Ashoka, Initiative for a Competitive Inner City, Earth Force and Taking IT Global. These groups focus on disadvantaged youth, global youth entrepreneurship, inner-city businesses and the environment, respectively.

  • Boys & Girls Clubs of America (BGCA) enables young people, especially those who need Clubs most, to reach their full potential as productive, caring, responsible citizens. Over the past six years, support from SFFL has helped to expand BGCA's Torch Club to more than 1,400 chartered clubs, touching the lives of more than 78,000 children. Additionally, BGCA and SFFL have recognized and awarded scholarships and financial contributions to deserving Clubs and Club members, including the prestigious annual National Service Project Award, which recognizes youth-led community service efforts.
  • Ashoka is a global organization with a 26-year history and network of more than 1,800 social entrepreneurs serving 70 countries. Since 2006, Staples has supported Ashoka's Youth Venture with more than $2.5 million for their worldwide efforts to invest in and catalyze a movement of young changemakers who increase the ability of a global society to solve problems and thrive. SFFL has enabled Youth Venture to expand to eight countries in North America, South America and Europe.
  • Initiative for a Competitive Inner City (ICIC) is a non-profit organization whose mission is to promote economic prosperity in America's inner cities. Staples has been a key supporter of ICIC for the past seven years and to date, has contributed over $1 million in support of ICIC and the Inner City 100 program. The Inner City 100 is an annual list recognizing the fastest-growing inner-city companies in America and the entrepreneurs who lead the organizations toward success.
  • Earth Force is a nationally recognized leader in environmental education. SFFL funds Earth Force's programs that offer educators innovative materials, training and support that connect youth to their communities and address environmental issues. To date, SFFL has given nearly $1 million to Earth Force to reach students and teachers, increasing their awareness of environmental issues, developing their critical thinking skills and encouraging their community involvement.
  • TakingITGlobal envisions youth everywhere actively engaged and connected in shaping a more inclusive, peaceful and sustainable world. SFFL supports Tread Lightly, a program where Staples associates throughout Europe team up with students to understand and minimize their ecological footprints. Since 2009, SFFL has provided TakingITGlobal with more than $100,000 for their environmental education programs.

"Ron has been an exceptional leader for Staples Foundation for Learning, and I look forward to continuing that devotion and enthusiasm for teaching and inspiring the next generation of community leaders," said Miles. "I am especially excited to embrace Staples' commitment to supporting education on a global scale and providing youth with the tools needed to be successful."

About Staples Foundation for Learning

Founded in 2002, Staples Foundation for Learning has contributed to nearly 1,000 global, national and local charities that provide educational opportunities and job skills for all people, with a special emphasis on disadvantaged youth. Staples Foundation for Learning builds lasting relationships with world-class organizations including Boys & Girls Clubs of America, Ashoka, Earth Force and the Initiative for a Competitive Inner City. The foundation is the private charitable arm of Staples, Inc. and is an integral component of Staples Soul, which recognizes the connection between long-term business success and the impact Staples has on associates, communities and the planet. For more information about the foundation and Staples Soul, please visit www.staplesfoundation.org and www.staples.com/soul.

About Staples

Staples, the world's largest office products company, is committed to making it easy for customers to buy a wide range of office products and services. Our broad selection of office supplies, electronics, technology and office furniture as well as business services, including computer repair and copying and printing, helps our customers run their offices efficiently. With 2009 sales of $24 billion and 91,000 associates worldwide, Staples operates in 26 countries throughout North and South America, Europe, Asia and Australia serving businesses of all sizes and consumers. Staples invented the office superstore concept in 1986 and today ranks second worldwide in e-commerce sales. The company is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com/media.

SOURCE: Staples, Inc.

Staples, Inc.
Paul Capelli, 508-253-8530
Paul.Capelli@Staples.com
or
Briana Curran, 508-253-0203
Briana.Curran@Staples.com