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Former CEO Vazquez Nominated To Staples Board

Earlier today, Staples, Inc. announced that it has nominated Raul Vazquez, CEO and director of Progreso Financiero, for election to the company’s board. The election will take place at the company’s annual meeting, scheduled for June 3.

Prior to joining Progreso Financiero, a financial services company that addresses the needs of the growing Hispanic market, Vazquez held executive roles with Wal-Mart Stores, Inc. and served as CEO of, Staples noted. There, he supervised day-to-day operations and drove a strategy to boost customer value and convenience with a seamless multi-channel approach, Staples added. The company has been emphasizing its online operation lately, creating business and lifestyle components developed to make it more broadly relevant to core customers.

“We’re very pleased to nominate Raul Vazquez to our board of directors,” said Ron Sargent, Staples’ chairman and CEO. “Raul would be an outstanding addition to our board. He is a multi-channel veteran with deep digital expertise and leadership experience in retail, marketing and operations. His global e-commerce perspective would be particularly valuable as we focus on rapidly increasing online sales as part of our strategic reinvention.”