FRAMINGHAM, Mass.--(BUSINESS WIRE)--Apr. 5, 2012--
Staples, Inc. (Nasdaq: SPLS) today announced that Dr. Drew Faust,
president of Harvard University, has been nominated for election to the
company’s Board of Directors. The election of Directors will take place
at the company’s Annual Meeting, scheduled for June 4, 2012.
“We’re very pleased to nominate Dr. Faust to our Board of Directors,”
said Ron Sargent, Staples’ chairman and chief executive officer. “She
will bring a unique perspective to our Board in leading a complex,
global organization. Dr. Faust has extensive leadership and management
experience related to capital planning, financial oversight, risk
management, technology and strategy.”
Dr. Faust was named president of Harvard University in 2007. She is
responsible for all aspects of Harvard's academic and administrative
activities, including operations, research and teaching, across the
globe. Dr. Faust serves on the board of Harvard Management Company,
which is responsible for investing Harvard's endowment and related
financial assets to support the education and research goals of the
university. She also led the transformation of Harvard's governance
The company also announced that Mary Elizabeth Burton will retire from
its Board when her term ends at the 2012 Annual Meeting.
“Betsy has been a strong leader and has made many contributions to our
Board,” Sargent said. “Over the past 19 years, her knowledge, expertise
and commitment to our company made Betsy an invaluable resource, and we
thank her for her outstanding service.”
Staples is the world’s largest office products company and a trusted
source for office solutions. The company provides products, services and
expertise in office supplies, copy & print, technology, facilities and
breakroom, and furniture. Staples invented the office superstore concept
in 1986 and now has annual sales of $25 billion, ranking second in the
world in eCommerce sales. With 88,000 associates worldwide, Staples
operates in 26 countries throughout North and South America, Europe,
Asia and Australia, making it easy for businesses of all sizes, and
consumers. The company is headquartered outside Boston. More information
about Staples (Nasdaq: SPLS) is available at www.staples.com/media.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
Staples will be filing with the SEC and mailing to its stockholders a
proxy statement relating to the election of directors, including Dr.
Faust, at its 2012 Annual Meeting. The proxy statement will contain
important information about Staples and its director nominees.
Stockholders are urged to read the proxy statement carefully when it is
available. Stockholders and other interested persons will be able to
obtain free copies of the proxy statement through the website maintained
by the SEC at www.sec.gov
and through Staples’ own website at http://investor.staples.com.
Staples and its directors and executive officers may be deemed to be
participants in the solicitation of proxies in connection with the 2012
Annual Meeting. Information regarding Staples’ directors and executive
officers is contained in Staples Form 10-K for the year ended January
28, 2012 and its proxy statement dated April 25, 2011, which are filed
with the SEC.
Source: Staples, Inc.
Kirk Saville/Owen Davis
Chris Powers/Kevin Barry