Rowland Moriarty and Basil Anderson to Retire From Staples’ Board,
Raul Vazquez Not Standing For Reelection
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Apr. 22, 2016--
Inc. (Nasdaq: SPLS) today announced the nomination of three new
Directors. Curtis Feeny, Managing Director of Voyager Capital, Deb
Henretta, former Group President of Global e-Commerce at Procter &
Gamble and John Lundgren, Chairman and Chief Executive Officer of
Stanley Black & Decker, have been nominated by the company’s Board of
Directors for election at the 2016 Annual Meeting.
“I’m pleased that we are nominating three highly qualified individuals
to join our Board of Directors,” said Vijay Vishwanath, Chair of
Staples’ Nominating and Corporate Governance Committee. “Curtis, Deb,
and John each bring fresh perspectives and a wealth of diverse
experiences, and we are excited to welcome them to our Board.”
Feeny has been Managing Director of Voyager Capital since January 2000.
In 2001, he was appointed by President George W. Bush to the Board of
Directors of the Presidio Trust, where he served until 2006. From 1992
through 1999, Feeny served as Executive Vice President of Stanford
Management Co., which manages the Stanford University endowment.
Henretta currently serves as Senior Advisor to SSA & Company, an
executive strategy consulting firm. She spent 30 years at Procter &
Gamble. In 2005, Henretta was appointed President of the company’s
business in ASEAN, Australia and India. She was appointed group
president, Procter & Gamble Asia in 2007, group president of the
company’s Global Beauty Sector in June 2013, and group president of
Procter & Gamble E-Business in February 2015. Henretta retired from
Procter & Gamble in June 2015.
Lundgren is Chairman and Chief Executive Officer of Stanley Black &
Decker, Inc., the successor entity following the merger of The Stanley
Works and Black and Decker in March 2010. Prior to the merger, he served
as Chairman and Chief Executive Officer of The Stanley Works, a
worldwide supplier of consumer products, industrial tools and security
solutions for professional, industrial and consumer use. During his
tenure, sales have grown from approximately $2 billion to approximately
$11 billion in 2015, and he successfully diversified the company’s
strategy. Prior to joining The Stanley Works in 2004, Lundgren served as
President — European Consumer Products, of Georgia Pacific Corporation
and also held various positions in finance, manufacturing, corporate
development and strategic planning with Georgia Pacific and its
Rowland Moriarty and Basil Anderson plan to retire from Staples’ Board
of Directors at the 2016 Annual Meeting after 30 and 19 years of service
respectively. Raul Vazquez will not stand for reelection to the
company’s Board at the 2016 Annual Meeting.
“I’d like to thank Row, Basil, and Raul for their commitment and many
contributions to Staples,” said Ron Sargent, Chairman and Chief
Executive Officer, Staples, Inc. “With over 50 years of combined service
on our Board, their dedication and expertise has been invaluable.”
About Staples, Inc.
Staples retail stores and Staples.com
help small business customers make more happen by providing a broad
assortment of products, expanded business services and easy ways to
shop, all backed with a lowest price guarantee. Staples offers
businesses the convenience to shop and buy how and when they want - in
store, online, via mobile or though social apps. Staples.com customers
can either buy online and pick-up in store or ship for free from
Staples.com with Staples Rewards minimum purchase. Expanded services
also make it easy for businesses to succeed with in-store Business
Centers featuring shipping services and products, copying, scanning,
faxing and computer work stations, Tech Services, full-service Print &
Marketing Services, Staples Merchant Services, small business lending
and credit services.
Staples Business Advantage, the business-to-business division of
Staples, Inc., helps mid-market, commercial and enterprise-sized
customers make more happen by offering a curated assortment of products
and services combined with deep expertise, best-in-class customer
service, competitive pricing and state-of-the art ecommerce site.
Staples Business Advantage is the one-source solution for all things
businesses need to succeed, including office supplies, facilities
cleaning and maintenance, breakroom snacks and beverages, technology,
furniture, interior design and Print & Marketing Services. Headquartered
outside of Boston, Staples, Inc. operates throughout North and South
America, Europe, Asia, Australia and New Zealand. More information about
Staples (NASDAQ: SPLS) is available at www.staples.com.
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 the new
nominees, at its 2016 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 2016
Annual Meeting. Information regarding Staples’ directors and executive
officers is contained in Staples Form 10-K for the year ended January
30, 2016 and its proxy statement dated April 13, 2015, which are filed
with the SEC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160422005087/en/
Source: Staples, Inc.
Mark Cautela, 508-253-3832
Chris Powers, 508-253-4632