Staples announces exec promotions

FRAMINGHAM, Mass. Staples announced the promotions of Steven Bussberg to SVP finance for the company’s North American delivery business and Luis Borgen to SVP finance for the U.S. stores business. Bussberg, formerly VP finance, will continue to report to Joe Doody, president of North American delivery. Borgen, formerly VP 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 CFO. “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 VP 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 VP 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.