Staples Tabs Google Executive For Board Of Directors

Staples has announced that Paul-Henri Ferrand, vp/U.S. sales and operations at Google, has been nominated by the company’s board of directors for election as a director at the company’s 2015 annual meeting.

“We’re pleased to nominate Paul-Henri Ferrand to our board of directors,” said Vijay Vishwanath, chair of the nominating and corporate governance committee. “Paul-Henri is a strong strategic fit given his deep background in e-commerce and technology at large, global organizations. His extensive business-to-business experience will be extremely valuable as we continue to focus on our delivery businesses as a key growth engine of Staples.”

Prior to joining Google, Ferrand was president of Dell North America.

In addition, Robert Nakasone, lead independent director, has announced his decision to retire at the end of his term at the 2015 annual meeting. The board intends for Robert Sulentic to serve as lead independent director, upon Nakasone’s retirement. Sulentic, CEO of CBRE, Inc., joined the Staples board in 2007 and currently serves as the chair of the audit committee.

In other changes, the board of directors announced that it plans to appoint an independent chair when chairman and CEO Ron Sargent retires. Additionally, the company announced that Sargent elected to not accept a 2.5% base salary raise for 2014, which the board of directors had previously approved.