|Staples Promotes James C. Peters to President of U.S. Stores|
BW1368 MAR 09,1998 9:11 PACIFIC 12:11 EASTERN
WESTBOROUGH, Mass.--(BUSINESS WIRE)--March 9, 1998--Staples, Inc. (NASDAQ:SPLS) announced today the promotion of James C. Peters to president of U.S. stores. Mr. Peters joined Staples in September 1997 as executive vice president of U.S. stores, and in his new role he will continue to report to Ronald Sargent, president of North American operations.
Mr. Peters joined the Company with over 10 years experience in the office superstore industry. He began his retail career in 1984 with Price Club, then in 1986 helped found Office Club which was later merged with Office Depot. Prior to joining Staples, Peters had most recently served as senior vice president of Office Depot's western division overseeing 240 stores in 15 states.
Commenting on the announcement, Ronald Sargent stated, "Jim has made tremendous progress in charting the key priorities for the retail division, and has proven to be an outstanding addition to Staples. He is a strategic thinker and natural leader with great long-range potential and a passion for the business."
Staples, Inc., is a $5 billion retailer of office supplies, furniture and technology to businesses from home-based businesses to Fortune 50 companies in the United States, Canada, the United Kingdom and Germany. Staples, headquartered outside Boston, Mass., invented the office superstore concept and today is the largest operator of office superstores in the world. The company, which has grown earnings per share at a 40% compound rate over the last five years, has 30,000 employees serving the business customer through 749 office superstores, mail order catalogs and a contract business.
More information about Staples, Inc. may be obtained from the Company's website at http://www.staples.com., or from the Company's Investor Relations department by dialing (800) INV-SPL1.