Business News
Staples, Inc. Announces Executive Promotions
Wednesday 18. March 2009 - Steven Bussberg Promoted to Senior Vice President of Finance, North American Delivery; Luis Borgen Promoted to Senior Vice President of Finance, U.S. Stores
Staples, Inc. (Nasdaq: SPLS) today announced the promotions of Steven Bussberg to senior vice president of finance for the companys North American Delivery business and Luis Borgen to senior vice president of finance for the U.S. Stores business. Bussberg, formerly vice president of finance, will continue to report to Joe Doody, president of North American Delivery. Borgen, formerly vice president of finance, will continue to report to Demos Parneros, president of U.S. Stores.
“Steve and Luis have both shown great leadership of their respective finance teams over the years,” said John Mahoney, Staples vice chairman and chief financial officer. “Through their unique management skills and proven experiences in financial operations, they will each play important roles in helping drive our success in the years to come.”
Bussberg joined Staples in 1990 and has held a number of positions with increasing responsibility leading up to his appointment as vice president of finance in 2000. He has also played a key role in managing the integration of Corporate Express for the North American Delivery finance team. Borgen joined Staples in 1997 and has served in roles of increasing responsibility leading to his appointment as vice president of finance and assistant treasurer in 2002. He also led the corporate financial planning and analysis function, and most recently leads the finance function for the U.S. Stores business.