|Staples.com Enhances Management Team to Lead E-Tailing to Small Business|
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Dec. 1, 1999--
Names Christine Komola Vice President and Chief Financial Officer and
J.B. Lyon Vice President of Business Services
Staples Inc. (NASDAQ:SPLS) today named Christine Komola vice president and chief financial officer for Staples.com and J.B. Lyon vice president of business services for Staples.com. Both positions report to Jeanne Lewis, president of Staples.com.
"Christine and J.B. will be instrumental in helping Staples.com reach its aggressive goal of one million customers and $1 billion in sales by 2003," said Lewis. "With her outstanding financial expertise, Christine is perfectly suited to navigate Staples.com through its explosive growth and manage our capital structure with the new tracking stock. J.B.'s experience leading the development of Staples.com combined with having run his own small business, makes him the ideal person to spearhead our efforts to be - the place where business does business."
As vice president and chief financial officer for Staples.com, Komola will oversee the financial strategy for the Staples.com business unit. She joined Staples in 1997 and most recently was vice president of planning, margin and control for Staples Inc., responsible for financial analysis and long-range planning, budgeting, forecasting and financial accounting. She has played a major role in the company's acquisition strategies and the e-commerce efforts. Prior to joining Staples, Komola was with Ernst & Young, LLP, where she specialized in audit practice and mergers and acquisitions, and consulted with major retail and financial services clients. A resident of Needham, Mass., Komola is a C.P.A. and a graduate of Miami University in Oxford, Ohio.
In his new position, Lyon will lead the evolution of Staples.com's recently launched Business Solutions Center, a comprehensive online resource of essential services and information for small businesses. He joined Staples in 1996 as senior associate of strategic planning, led the initial launch of Staples.com, and most recently was vice president of marketing for the company's e-commerce division. Prior to joining Staples, Lyon founded and managed Uncle Dave's Kitchen, a Vermont-based natural pasta sauce and condiment packaged foods company with national distribution. He has also worked as a financial advisor with Coopers & Lybrand LLP. Lyon resides in Wayland, Mass., and earned a B.A. from Tufts University and a M.B.A. from Harvard Business School.
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 30,000 products, plus 100,000 software titles are available on Staples.com 24 hours a day, seven days a week. Customers receive free delivery on all orders over $50 and next-business day delivery is available to most U.S. locations. More information about the company is available at http://www.staples.com.
CONTACT: Staples Inc. Debby Hohler 508-253-8509 email@example.com or Corporate Ink Susan Keliher 617-969-9192 firstname.lastname@example.org