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Staples Names Gary L. Crittenden to Its Board of Directors; Crittenden Brings Financial and Retail Industry Expertise to Staples Board

FRAMINGHAM, Mass.--(BUSINESS WIRE)--March 3, 2004--Staples, Inc. (Nasdaq: SPLS) announced today the appointment of Gary L. Crittenden, Executive Vice President and Chief Financial Officer, American Express Company to its board of directors.

"Gary's wealth of financial expertise and deep knowledge of the retail industry make him a perfect addition to our strong board of directors," said Ron Sargent, president and CEO of Staples.

At American Express, Crittenden advises on worldwide strategic and financial matters. Prior to joining American Express, he was chief financial officer of Monsanto Company and Sears Roebuck & Company.

Crittenden currently serves on the board of directors of The TJX Companies Inc., and Ryerson Tull Inc. He also is a board member of the Connecticut Yankee Council of the Boy Scouts of America.

He holds a BS degree in Management from Brigham Young University and an MBA from Harvard University.

About Staples

Staples, Inc. is headquartered outside of Boston and sells a wide range of office products, including supplies, technology, furniture, and business services. With 2002 sales of $11.6 billion, Staples is committed to make buying office products easy. Nearly 58,000 associates serve consumers and businesses of all sizes -- from home-based businesses to Fortune 500 companies in the US, Belgium, Canada, France, Germany, Italy, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom. Staples invented the office superstore concept and today, with approximately 1,500 office superstores, is the largest operator of office superstores in the world. Staples also serves its customers through its mail order catalog, e-commerce and contract businesses. More information is available at http://www.staples.com.

CONTACT: Staples, Inc.
Media Contact:
Paul Capelli, 508-253-8530
or
Deborah Hohler, 508-253-8509
or
Investor Contact:
Laurel Lefebvre, 508-253-4080
or
Katy Nash, 508-253-7342

SOURCE: Staples, Inc.