|Meg Whitman Elected To The Board Of Staples Inc.|
WESTBOROUGH, Mass.--(BUSINESS WIRE)--March 22, 1999--Staples Inc. (NASDAQ: SPLS)today announced that Meg Whitman, president and chief executive officer of eBay, has been elected a member of its board of directors.
``We are delighted that Ms. Whitman has agreed to serve on our board,'' said Staples Chairman and Chief Executive Officer, Thomas G. Stemberg. ``As Staples expands its presence in electronic commerce, we believe Meg's Internet experience at eBay, combined with her expertise in the retail sector, makes her a unique and valuable addition to our board.''
Ms. Whitman has had a stalwart career in global management, operations and marketing for some of the nation's leading brands. She joined the eBay team as president and chief executive officer in February 1998, and has guided the most popular online trading community to its most recent successes. In January 1999, MediaMetrix rated eBay the second most popular Web site, according to total minutes of use.
Prior to joining eBay, Ms. Whitman was general manager of Hasbro Inc.'s Preschool Division, where she oversaw the reorganization and return to profitability of the division and was responsible for the global management and marketing for two of the world's best-known children's brands, Playskool and Mr. Potato Head.
As president and chief executive officer of Florists Transworld Delivery (FTD), Ms. Whitman transitioned the florist-owned association to a for-profit, privately owned company and launched its Internet strategy.
She also served as president of the Stride Rite Corporation's Stride Rite division and had also been executive vice president for the Ked's division and served as corporate vice president of strategic planning. In addition, Ms. Whitman served as senior vice president of marketing in the Walt Disney Company's consumer products division, was a vice president at Bain and Company, and began her career in brand management at Procter and Gamble Company.
A graduate of the Harvard Business School, Ms. Whitman received her bachelor's from Princeton University.
Staples Inc. is a $7 billion retailer of office supplies, furniture and technology to consumers and business from home-based businesses to Fortune 50 companies in the United States, Canada, the United Kingdom and Germany. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has more than 42,000 employees serving customers through more than 900 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at http://www.staples.com.
Staples Inc. Media Contact: Shannon Lapierre, 508/253-8468 or Investor Contact: Diane Basile, 508/253-7963