|Staples, Inc. Names Vijay Vishwanath to Its Board of Directors|
FRAMINGHAM, Mass.--(BUSINESS WIRE)--March 29, 2007--Staples, Inc. (Nasdaq: SPLS) announced today the appointment of Vijay Vishwanath, a partner at Bain & Company, to its board of directors.
"Vijay's wealth of consumer products knowledge and global expertise make him a great addition to our strong board of directors," said Ron Sargent, Staples chairman and chief executive officer.
Vishwanath leads the consumer products practice at Bain & Company, a global business consulting firm, where he has worked with many of the world's leading consumer products companies and brands. As a director in the Boston office, he leads assignments that cover a range of areas including corporate and business unit strategy, portfolio optimization and cost reduction across the entire value chain. He joined Bain in 1986 and became an officer of the firm in 1993. Prior to Bain, Vishwanath worked at Procter & Gamble.
Vishwanath has been a regular contributor to the Harvard Business Review and other publications. In addition, he has spoken on the topic of Growth and Winning Brand Strategies in the U.S., Europe, China, Southeast Asia and Latin America. He earned an MBA from Harvard Business School, and is a graduate of the University of Texas at Austin where he received a Bachelor of Science in chemical engineering.
Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company. With 74,000 talented associates, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture and business services. With 2006 sales of $18.2 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 21 countries throughout North and South America, Europe and Asia. Headquartered outside of Boston, Staples operates approximately 1,900 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses. More information is available at www.staples.com.
CONTACT: Staples, Inc.