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Staples Streamlines Structure, Announces Leadership Changes

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Jan. 25, 2016-- Staples, Inc. (Nasdaq: SPLS) today announced leadership changes as it creates a more efficient, focused organization.

“We are streamlining the organization and building a simplified structure that will speed decision-making and enable us to focus on driving profitable growth,” said Ron Sargent, Chairman and Chief Executive Officer. “These changes will help us compete in a rapidly evolving marketplace, either as a standalone company or in combination with Office Depot.”

Shira Goodman, currently President, North American Commercial, has been named President, North American Operations. She will have responsibility for Staples’ business-to-business, online and retail operations across the United States and Canada. Goodman joined Staples in 1992 and played a key role in developing Staples’ delivery business model. She has served in a number of senior roles across the company, including strategy, marketing, human resources and operations.

John Wilson, currently President, Staples Europe, has been named President, International Operations and Transformation. He will have responsibility for operations in Europe, Australia, New Zealand, Latin America and Asia. He will also be responsible for the company’s strategy and overall transformation efforts. Wilson served as Chief Financial Officer at Staples from 1992-1996. He rejoined Staples in 2012 and will continue to be based in Amsterdam.

Demos Parneros, President, North American Stores and Online, announced his resignation from Staples, effective March 31. Otis Pannell, Senior Vice President, U.S Retail Operations, will have responsibility for retail operations in the United States and will report to Goodman. Pannell joined Staples in 1989, serving in a number of retail leadership positions across the United States.

“John, Shira and Otis have deep knowledge of Staples, and I’m very excited to work with them in their new roles as we position Staples for the future,” Sargent said. “I want to thank Demos for all he has done to help build Staples. Over nearly 30 years, he has played a significant role in making Staples the leader in our industry, touching countless people and developing many of our strongest leaders and associates. I will miss working with him as a valued colleague. “

About Staples
Staples makes it easy to make more happen with more products and more ways to shop. Through its world-class retail, online and delivery capabilities, Staples lets customers shop however and whenever they want, whether it’s in-store, online or on mobile devices. Staples offers more products than ever, such as technology, facilities and break room supplies, furniture, safety supplies, medical supplies, and Copy and Print services. Staples also offers free shipping for Staples Rewards Members, in most cases overnight. Headquartered outside of Boston, Staples operates in North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (SPLS) is available at www.staples.com.

Source: Staples, Inc.

Staples, Inc.
Media Contact:
Kirk Saville, 508-253-8530
kirk.saville@staples.com
or
Investor Contact:
Chris Powers, 508-253-4632
Christopher.powers@staples.com

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