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Staples, Inc. Appoints Robert Mayerson Treasurer and Senior Vice President of Finance
FRAMINGHAM, Mass., Oct 23, 2002 (BUSINESS WIRE) -- Staples, Inc. (Nasdaq: SPLS), today announced the appointment of Robert Mayerson as senior vice president and treasurer, responsible for developing and executing Staples' financial, tax and risk management strategies. In his new role, Mayerson will focus on the Back to Brighton initiative to restore profit margins to historical levels, improve asset utilization, and will develop appropriate financing strategies for Staples' increasing European presence. He will report to John Mahoney, Staples' executive vice president and chief administrative officer.

"Bob's experience over the past 20 years is ideally suited to help Staples address the decisions that lie ahead in terms of financing our growth, improving returns and managing the financial developments of our growing international business," said John Mahoney.

Mayerson rejoins Staples from Tilion, Inc., an entrepreneurial software service provider where since 1999 he served as the chief financial officer. He previously spent six years at Staples, most recently as senior vice president and corporate controller. Mayerson led corporate-wide programs that delivered $100 million in cost savings through process improvement, centralized procurement and identification and implementation of best practices. Prior to joining Staples in 1993, he was the director of corporate finance for PepsiCo, Inc.

About Staples

Staples, Inc. is an $11 billion retailer of office supplies, business services, furniture and technology to consumers and businesses from home-based businesses to Fortune 500 companies in the United States, Canada, the United Kingdom, France, Italy, Spain, Belgium, Germany, the Netherlands and Portugal. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has approximately 55,000 associates serving customers through more than 1,400 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at http://www.staples.com.

CONTACT:
Media Contact :
Staples, Inc.
Owen Davis, 508/253-8468