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Staples, Inc. Appoints Nicholas P. Hotchkin Senior Vice President of Finance and Treasurer

Monday, December 18, 2006 8:30 am EST

Dateline:

FRAMINGHAM, Mass.

Public Company Information:

NASDAQ:
SPLS
"He will be a key member of our finance leadership team."

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced the appointment of Nicholas P. Hotchkin as senior vice president of finance and treasurer, responsible for developing and executing Staples’ financial and risk management strategies. Hotchkin will report to John Mahoney, Staples vice chairman and chief financial officer.

“Nick brings a wide range of experience in treasury and operational finance to Staples, and a proven track record of rapidly increasing responsibility as a senior finance executive,” said Mahoney. “He will be a key member of our finance leadership team.”

Hotchkin previously served as finance director for Delphi Packard Electric Systems, a division of Delphi Corporation, which he joined in 1999. Prior to Delphi, he was the director of worldwide pension funding and analysis for General Motors treasurer’s office. He brings five years of international finance experience, having lived and worked in England, Singapore, Beijing and Paris. A Harvard College graduate, Nick received his MBA from Harvard Business School.

About Staples

Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company. With 69,000 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 2005 sales of $16.1 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 more than 1,800 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.
Owen Davis, 508-253-8468
owen.davis@staples.com

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