|Senator George J. Mitchell Elected To The Board of Staples Inc.|
|WESTBOROUGH, Mass.--(BUSINESS WIRE)--Sept. 22, 1998--Staples
Inc., the pioneer in the office supplies superstore industry
(NASDAQ:SPLS), today announced that former U.S. Senator George J.
Mitchell has been elected a member of its board of directors.
"We are pleased and honored that an individual of Sen. Mitchell's stature has agreed to serve on our board," said Staples Chairman and Chief Executive Officer Thomas G. Stemberg. "He brings a wealth of knowledge and experience that will prove invaluable in our relations with the U.S. and foreign governments as we expand our business worldwide."
Sen. Mitchell led an illustrious career in the U.S. Senate spanning 14 years, and was Senate majority leader for six of those years. He served on the Finance, Veterans Affairs and Environment and Public Works committees. Sen. Mitchell's work led to the enactment of nursing home standards in 1987, the successful reauthorization of the Clean Air Act in 1990, the nation's first child care bill and the Americans with Disabilities Act. Sen. Mitchell also led the Senate to the ratification of the North American Free Trade Agreement (NAFTA).
Since leaving the U.S. Senate in 1995, Sen. Mitchell has been a special counsel for the Washington D.C. law firm Verner, Liipfert, McPherson and Hand.
Recently, Sen. Mitchell served as chairman of the peace negotiations in Northern Ireland. Under his leadership, an historic accord ending decades of conflict, was agreed upon by the governments of Ireland and the United Kingdom and the political parties of Northern Ireland. For his efforts, Sen. Mitchell has been nominated for the 1998 Nobel Peace Prize.
Sen. Mitchell also serves as a director of the Walt Disney Company, Federal Express Corporation, Xerox Corporation, UNUM Insurance Corporation, KTI Inc. and Starwood Hotels and Resorts. In addition, Sen. Mitchell serves as chairman of the International Crisis Group, chairman of the International Commission on Disarmament in Northern Ireland, chairman of the Ethics Committee of the U.S. Olympic Committee and as chairman of the National Health Care Commission created by the Pew Charitable Foundation.
Staples Inc. is a $5 billion retailer of office supplies,
furniture and technology to consumers and businesses from home-based
businesses to Fortune 50 companies in the United States, Canada, the
United Kingdom and Germany. Staples, headquartered outside Boston,
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 38 percent compound rate over the last
four years, has over 32,000 associates serving the business customer
through 830 office superstores, mail order catalogs and a contract
business. More information is available on the company at
CONTACT: Staples Inc. Dan Kaferle, (508) 370-8635 firstname.lastname@example.org