Staples, Inc. Nominates Raul Vazquez to Board of Directors

Staples, Inc. Nominates Raul Vazquez to Board of Directors

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Staples, Inc. (NAS: SPLS) , the world's largest office products company and second largest internet retailer, today announced that Raul Vazquez, Chief Executive Officer and Director of Progreso Financiero, has been nominated for election to the company's Board of Directors. The election of Directors will take place at the company's Annual Meeting, scheduled for June 3, 2013.

"We're very pleased to nominate Raul Vazquez to our Board of Directors," said Ron Sargent, Staples' chairman and chief executive officer. "Raul would be an outstanding addition to our board. He is a multi-channel veteran with deep digital expertise and leadership experience in retail, marketing and operations. His global e-commerce perspective would be particularly valuable as we focus on rapidly increasing online sales as part of our strategic reinvention."

Vazquez joined Progreso Financiero, a financial services company serving the needs of the growing Hispanic market, in 2012. Prior to that, he held executive roles with Wal-Mart Stores, Inc. and served as Chief Executive Officer of Walmart.com, where he oversaw day-to-day operations and drove a strategy to bring greater value and convenience to customers with a seamless multi-channel approach.

About Staples

Staples is the world's largest office products company and second largest internet retailer. For 26 years, Staples has served the needs of business customers and its vision is to provide every product businesses need to succeed. Through its world-class retail, online and delivery capabilities, Staples offers office supplies, technology products and services, facilities and breakroom supplies, furniture, copy and print services and a wide range of other product categories. With thousands of associates worldwide dedicated to making it easy for businesses of all sizes, Staples operates throughout North and South America, Europe, Asia, Australia and New Zealand. The company is headquartered outside Boston. More information about Staples (NAS: SPLS) is available at www.staples.com/media.

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 Mr. Vazquez, at its 2013 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 2013 Annual Meeting. Information regarding Staples' directors and executive officers is contained in Staples Form 10-K for the year ended February 2, 2013 and its proxy statement dated April 23, 2012, which are filed with the SEC.

Staples, Inc.
Kirk Saville/Owen Davis
508-253-8530/8468

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS:

The article Staples, Inc. Nominates Raul Vazquez to Board of Directors originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.