Staples, Inc. Nominates Three New Directors
April 22 2016 - 8:00AM
Business Wire
Rowland Moriarty and Basil Anderson to
Retire From Staples’ Board, Raul Vazquez Not Standing For
Reelection
Staples, Inc. (Nasdaq: SPLS) today announced the nomination of
three new Directors. Curtis Feeny, Managing Director of Voyager
Capital, Deb Henretta, former Group President of Global e-Commerce
at Procter & Gamble and John Lundgren, Chairman and Chief
Executive Officer of Stanley Black & Decker, have been
nominated by the company’s Board of Directors for election at the
2016 Annual Meeting.
“I’m pleased that we are nominating three highly qualified
individuals to join our Board of Directors,” said Vijay Vishwanath,
Chair of Staples’ Nominating and Corporate Governance Committee.
“Curtis, Deb, and John each bring fresh perspectives and a wealth
of diverse experiences, and we are excited to welcome them to our
Board.”
Feeny has been Managing Director of Voyager Capital since
January 2000. In 2001, he was appointed by President George W. Bush
to the Board of Directors of the Presidio Trust, where he served
until 2006. From 1992 through 1999, Feeny served as Executive Vice
President of Stanford Management Co., which manages the Stanford
University endowment.
Henretta currently serves as Senior Advisor to SSA &
Company, an executive strategy consulting firm. She spent 30 years
at Procter & Gamble. In 2005, Henretta was appointed President
of the company’s business in ASEAN, Australia and India. She was
appointed group president, Procter & Gamble Asia in 2007, group
president of the company’s Global Beauty Sector in June 2013, and
group president of Procter & Gamble E-Business in February
2015. Henretta retired from Procter & Gamble in June 2015.
Lundgren is Chairman and Chief Executive Officer of Stanley
Black & Decker, Inc., the successor entity following the merger
of The Stanley Works and Black and Decker in March 2010. Prior to
the merger, he served as Chairman and Chief Executive Officer of
The Stanley Works, a worldwide supplier of consumer products,
industrial tools and security solutions for professional,
industrial and consumer use. During his tenure, sales have grown
from approximately $2 billion to approximately $11 billion in 2015,
and he successfully diversified the company’s strategy. Prior to
joining The Stanley Works in 2004, Lundgren served as President —
European Consumer Products, of Georgia Pacific Corporation and also
held various positions in finance, manufacturing, corporate
development and strategic planning with Georgia Pacific and its
predecessor companies.
Rowland Moriarty and Basil Anderson plan to retire from Staples’
Board of Directors at the 2016 Annual Meeting after 30 and 19 years
of service respectively. Raul Vazquez will not stand for reelection
to the company’s Board at the 2016 Annual Meeting.
“I’d like to thank Row, Basil, and Raul for their commitment and
many contributions to Staples,” said Ron Sargent, Chairman and
Chief Executive Officer, Staples, Inc. “With over 50 years of
combined service on our Board, their dedication and expertise has
been invaluable.”
About Staples, Inc.Staples retail stores and Staples.com
help small business customers make more happen by providing a broad
assortment of products, expanded business services and easy ways to
shop, all backed with a lowest price guarantee. Staples offers
businesses the convenience to shop and buy how and when they want -
in store, online, via mobile or though social apps. Staples.com
customers can either buy online and pick-up in store or ship for
free from Staples.com with Staples Rewards minimum purchase.
Expanded services also make it easy for businesses to succeed with
in-store Business Centers featuring shipping services and products,
copying, scanning, faxing and computer work stations, Tech
Services, full-service Print & Marketing Services, Staples
Merchant Services, small business lending and credit services.
Staples Business Advantage, the business-to-business division of
Staples, Inc., helps mid-market, commercial and enterprise-sized
customers make more happen by offering a curated assortment of
products and services combined with deep expertise, best-in-class
customer service, competitive pricing and state-of-the art
ecommerce site. Staples Business Advantage is the one-source
solution for all things businesses need to succeed, including
office supplies, facilities cleaning and maintenance, breakroom
snacks and beverages, technology, furniture, interior design and
Print & Marketing Services. Headquartered outside of Boston,
Staples, Inc. operates throughout North and South America, Europe,
Asia, Australia and New Zealand. More information about Staples
(NASDAQ: SPLS) is available at www.staples.com.
IMPORTANT ADDITIONAL INFORMATION WILL BE
FILED WITH THE SEC
Staples will be filing with the SEC and mailing to its
stockholders a proxy statement relating to the election of
directors, including the new nominees, at its 2016 Annual Meeting.
The proxy statement will contain important information about
Staples and its director nominees. Stockholders are urged to read
the proxy statement carefully when it is available. Stockholders
and other interested persons will be able to obtain free copies of
the proxy statement through the website maintained by the SEC at
www.sec.gov and through Staples’ own website at
http://investor.staples.com. Staples and its directors and
executive officers may be deemed to be participants in the
solicitation of proxies in connection with the 2016 Annual Meeting.
Information regarding Staples’ directors and executive officers is
contained in Staples Form 10-K for the year ended January 30, 2016
and its proxy statement dated April 13, 2015, which are filed with
the SEC.
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version on businesswire.com: http://www.businesswire.com/news/home/20160422005087/en/
Staples, Inc.Media Contact:Mark Cautela,
508-253-3832orInvestor Contact:Chris Powers,
508-253-4632
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