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Staples, Inc. Announces Executive Promotions

Steven Bussberg Promoted to Senior Vice President of Finance, North American Delivery; Luis Borgen Promoted to Senior Vice President of Finance, U.S. Stores

Wednesday, March 18, 2009 8:30 am EDT

Dateline:

FRAMINGHAM, Mass.

Public Company Information:

NASDAQ:
SPLS
"Steve and Luis have both shown great leadership of their respective finance teams over the years"

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced the promotions of Steven Bussberg to senior vice president of finance for the company’s North American Delivery business and Luis Borgen to senior vice president of finance for the U.S. Stores business. Bussberg, formerly vice president of finance, will continue to report to Joe Doody, president of North American Delivery. Borgen, formerly vice president of finance, will continue to report to Demos Parneros, president of U.S. Stores.

“Steve and Luis have both shown great leadership of their respective finance teams over the years,” said John Mahoney, Staples vice chairman and chief financial officer. “Through their unique management skills and proven experiences in financial operations, they will each play important roles in helping drive our success in the years to come.”

Bussberg joined Staples in 1990 and has held a number of positions with increasing responsibility leading up to his appointment as vice president of finance in 2000. He has also played a key role in managing the integration of Corporate Express for the North American Delivery finance team. Borgen joined Staples in 1997 and has served in roles of increasing responsibility leading to his appointment as vice president of finance and assistant treasurer in 2002. He also led the corporate financial planning and analysis function, and most recently leads the finance function for the U.S. Stores business.

About Staples

Staples, the world’s largest office products company, is committed to making it easy for customers to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2008 sales of $23 billion and 91,000 associates worldwide, Staples serves businesses of all sizes and consumers in 27 countries throughout North and South America, Europe, Asia and Australia. In July 2008, Staples acquired Corporate Express, one of the world’s leading suppliers of office products to businesses and institutions. Staples invented the office superstore concept in 1986 and is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com.

Contact:

Staples, Inc.
Owen Davis, 508-253-8468

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