Staples 2004 Annual Report Download - page 35

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18APR200512034550
18APR200512043859
18APR200512045777
Served as a
Director
Since
Gary L. Crittenden, age 51 March 2004
Executive Vice President and Chief Financial Officer of
American Express Company since June 2000. Mr. Crittenden
was Chief Financial Officer of Monsanto Company, a life
sciences company, from September 1998 to May 2000.
Mr. Crittenden is also a director of TJX Companies.
Martin Trust, age 70 1987
President of Brandot (USA), LLC, a holding company
engaged in the production of apparel and textile products,
since October 2003. Mr. Trust was Senior Advisor to Limited
Brands from August 2001 to October 2003. Prior to that, he
served as President and Chief Executive Officer of Mast
Industries, Inc., a contract manufacturer, importer and
wholesaler of women’s apparel and wholly-owned subsidiary
of Limited Brands, from 1970 to August 2001.
Paul F. Walsh, age 56 1990
Chairman and Chief Executive Officer of eFunds
Corporation, a transaction processing and risk management
company, since September 2002. Prior to joining eFunds,
Mr. Walsh was Chairman and CEO of Clareon Corporation, a
privately held electronic payments provider based in Portland,
Maine, from March 2000 to September 2002. From January
1999 to March 2000, Mr. Walsh served as Chairman of iDeal
Partners, a private equity firm funded in part by Bank Boston
Capital and Berkshire Partners. From February 1995 to
September 1998, Mr. Walsh was President and CEO of
Wright Express Corporation, an information and financial
services company.
Our Chairman of the Board of Directors and executive officers are elected annually by the Board of Directors
and serve at the discretion of the Board. No family relationships exist between any of our executive officers, Directors
or nominees for Director.
Mr. Walsh was the Chief Executive Officer of Clareon Corporation, a privately held electronic payments
provider, from March 2000 to September 2002. In October 2002, to facilitate its acquisition by Fleet Boston Corp.,
Clareon Corporation filed for Chapter 11 bankruptcy protection.
Board and Committee Meetings
The Board of Directors held four regularly scheduled meetings and one additional telephonic meeting during the
fiscal year ended January 29, 2005. During fiscal 2004, with the exception of Mr. Blank, each incumbent Director
attended at least 75% of the aggregate of the total number of Board meetings held during the period for which he or
she has been a Director. Mr. Blank attended three of the four regularly scheduled Board meetings. During fiscal year
2004, each incumbent Director attended at least 75% of the aggregate of the total number of meetings of committees
of the Board on which he or she then served.
The Company’s Directors’ Corporate Governance Guidelines provide that Directors are encouraged to attend
the annual meeting of stockholders. Five Directors attended the 2004 annual meeting of stockholders.
The Board of Directors has five standing committees: the Audit Committee, the Compensation Committee, the
Nominating and Corporate Governance Committee, the Finance Committee and the Executive Committee. All of the
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