Staples 2005 Annual Report Download - page 22

6
PROPOSAL 1 — ELECTION OF DIRECTORS
Our Board of Directors is currently divided into three classes, with members of each class holding office for
staggered three-year terms (in all cases subject to the election and qualification of their successors or to the earlier of
their death, resignation or removal). Unless authority to vote for the election of any or all of the nominees is withheld
by marking the proxy to that effect, the persons named in the enclosed proxy will, upon receipt of a properly executed
proxy, vote to elect Basil L. Anderson, Robert C. Nakasone, Ronald L. Sargent and Stephen F. Schuckenbrock as
Class 3 directors for a term expiring at the 2009 Annual Meeting of Stockholders; provided that if the By-law
amendment described as Proposal 2 later in this proxy statement is approved, their term will expire at the 2007
Annual Meeting of Stockholders. Proxies cannot be voted for a greater number of persons than the number of
nominees named. Except for Mr. Schuckenbrock, each of the nominees is currently a Staples Class 3 director whose
term expires at the 2006 Annual Meeting of Stockholders. Mr. Schuckenbrock has not previously served on our Board
of Directors. All of the nominees have indicated their willingness to serve if elected, but if any should be unable or
unwilling to stand for election, proxies may be voted for a substitute nominee designated by our Board of Directors.
Set forth below are the names and certain information with respect to each of the nominees to serve as a director
of Staples.
Nominees to serve as directors for a three-year term expiring at the 2009 Annual Meeting of Stockholders; provided
that their term will expire at the 2007 Annual Meeting of Stockholders if Proposal 2 is approved. (Class 3 Directors)
Served as a
Director
Since
Basil L. Anderson, age 61
A Vice Chairman of Staples from September 2001 until his retirement
on March 1, 2006. Prior to joining Staples, Mr. Anderson served as
Executive Vice President – Finance and Chief Financial Officer of
Campbell Soup Company, a food products maker, from April 1996 to
April 2001. Prior to joining Campbell Soup, Mr. Anderson was with
Scott Paper Company where he served in a variety of capacities
beginning in 1975, including Vice President and Chief Financial Officer
from February 1993 to December 1995. Mr. Anderson is also a director
of Hasbro, Inc., Charles River Associates (CRA) International, Becton,
Dickinson and Company, and Moody’s Corporation.
1997
Robert C. Nakasone, age 58
Chief Executive Officer of NAK Enterprises, L.L.C., a family-owned
investment and consulting company, since January 2000. Prior to that,
Mr. Nakasone served as Chief Executive Officer of Toys “R” Us, Inc., a
retail store chain, from February 1998 to September 1999. Previously,
Mr. Nakasone served in other positions with Toys “R” Us, including
President and Chief Operating Officer from January 1994 to
February 1998, and as Vice Chairman and President of Worldwide Toy
Stores from January 1989 to January 1994. Mr. Nakasone is also a
director of eFunds Corporation.
1986
Ronald L. Sargent, age 50
Chief Executive Officer of Staples since February 2002 and Chairman of
the Board of Directors of Staples since March 2005. Prior to that,
Mr. Sargent served in various capacities since joining Staples in
March 1989, including President from November 1998 to January 2006,
Chief Operating Officer from November 1998 to February 2002,
President-North American Operations from October 1997 to
November 1998, and President-Staples Contract & Commercial from
June 1994 to October 1997. Mr. Sargent is also a director of Yankee
Candle Corporation, Aramark Corporation and Mattel, Inc.
1999