|Staples.com Enhances Management Team|
| Business Editors|
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Sept. 9, 1999--
Promotes Michael J. Ragunas to Vice President Information Systems
Kevin B. Dempsey to Vice President Merchandising
Staples Inc. (NASDAQ:SPLS) today announced it promoted Michael J. Ragunas to vice president of information systems and named Kevin B. Dempsey vice president of merchandising, both working for the company's burgeoning Staples.com e-business unit.
"Mike has played a key role in the development, launch and
continuous enhancement of Staples.com," said Jeff Levitan, senior vice
president of Staples.com. "With the addition of Kevin and his
merchandising knowledge, we have a strong team in place that will
continue to deliver and improve our hassle-free, online destination
for small businesses."
As vice president of information systems of Staples.com reporting
to Staples' chief information officer Brian T. Light, Ragunas will
lead Staples.com's information systems department in the development
and implementation of cutting-edge technologies to enhance the
Staples.com shopping experience. Ragunas joined Staples in 1986, and
most recently was director of information systems for Staples.com. He
has also served as director of strategic technology and systems
architecture, manager of store systems and store general manager. A
graduate of Harvard University, Ragunas resides in Westborough, Mass.,
with his wife and two children and is a native of Newport News, Va.
In his new role reporting to Levitan, Dempsey is responsible for
the strategic direction and execution of Staples.com's merchandising,
including assortment planning, vendor management, pricing,
replenishing and on-site advertising. He succeeds Jonathan Magasanik,
who was promoted to the newly created position of vice president of
software, peripherals and hand-held computing in Staples' retail
merchandising organization. Most recently, Dempsey was vice president
of merchandising for Staples' United Kingdom and German operations,
where he established a new cost saving buying infrastructure to
support Staples' European expansion. He joined the company in 1991 as
vice president of merchandising and assisted in creating Staples'
Canadian operations. A resident of Boston, Mass., Dempsey earned his
bachelor's at University of Western Ontario in London, Canada.
Launched in fall 1998, Staples.com is Staples' e-commerce
business unit that serves the home office and business customer via
the Internet. The virtual store offers easy-to-use, customized
features and intuitive functions to slash the cost and hassle of
purchasing office supplies. More than 6,000 products are available on
Staples.com and it is open for business 24 hours a day, seven days a
week. Customers receive free delivery on all orders over $50 and
next-business day delivery is available in most U.S. markets.
Staples Inc. is a $7 billion retailer of office supplies,
furniture and technology to consumers and business from home-based
businesses to Fortune 500 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 over
46,000 employees serving customers through more than 1,000 office
superstores, mail order catalogs, e-commerce and a contract business.
More information about the company is available at
--30--cd/bos* CONTACT: Staples Inc. Debby Hohler, 508-253-8509 firstname.lastname@example.org or Corporate Ink Susan Keliher, 617-969-9192 email@example.com KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS RETAIL INTERACTIVE/MULTIMEDIA/INTERNET MANAGEMENT CHANGES