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ELECTION OF DIRECTORS (ITEM 1 ON THE PROXY CARD)
www.staplesannualmeeting.com STAPLES 25
Paul F. Walsh
Age: 66
Director Since: 1990
Current Staples Board Committees
- Compensation, Finance
Skills and Experience
- Audit, Financial Expertise
- Consumer and Business Sales
- E-commerce/Marketing
- International Operations
- IT Management and Security
- Leadership and Management
- M&A/Integration
- Retail
- Risk Oversight
- Strategy
Public Company Boards
Prior
- eFunds Corporation (2002-2007)
- Incom, Inc. (1995-1998)
Selected Other Positions
- Director, Transaction Services Group
- Director, Sterling Backcheck Inc.
(2010-2015)
- Director, Competitor Group Inc.
(2013-2015)
- Trustee, Thunderbird School of
Management (2009-2013)
Education
- M.B.A., Boston University, with honors
- B.S., Engineering, Tufts University
Career Highlights
Mr. Walsh has served as a Senior Managing Director of Calera Capital, a private equity firm, since September 2015, and
was an Operating Partner of, and outside resource to, Calera Capital since 2008. Mr. Walsh serves on the board of directors
of Transaction Services Group, a Calera Capital portfolio company. Before Calera, Mr. Walsh was the Chairman and CEO
of eFunds Corporation from 2002 to 2007, a leading provider of risk management, electronic funds transfer services,
prepaid card processing, and global outsourcing solutions to more than 10,000 financial services companies in more than
80 countries. eFunds also provides point-of-sale fraud prevention solutions to retailers and electronic benefits processing
services to government entities. Mr. Walsh led a dramatic improvement in the company’s operating performance and stock
price driven by revenue growth initiatives, strategic acquisitions, rationalization of non-core assets and cost reductions. Over
the 5 years of Mr. Walsh’s leadership, equity value increased from approximately $300 million to $1.85 billion. Additionally, in
2002, Mr. Walsh founded Clareon, which built one of the premiere B2B payment solutions in the U.S., utilizing technology
co-developed with the U.S. Treasury. Clareon was later acquired by Fleet/Bank of America.
OUR BOARD RECOMMENDS THAT YOU VOTE FOR THE ELECTION OF EACH OF THE NOMINEES AS DIRECTORS.