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Staples appoints new Chief Financial Officer


Office products retailer Staples has named long-serving member of staff Christine Komola as its new Chief Financial Officer (CFO), it was announced last night.

Komola is currently Senior Vice President and Corporate Controller at Staples, with responsibility for the company’s global financial operations, and she will assume the new role from February 2012.

The new CFO will be based in the US but will look after operations across the retailer’s international portfolio, which includes 135 stores in the UK and will report to Staples Vice Chairman John Mahoney, who has been CFO of the business since 1997.

“Christine has established herself as a respected leader in the finance organisation since joining Staples 14 years ago,” said Mahoney.

“She has deep knowledge of Staples’ global businesses and an excellent track record in leading our finance teams in partnering with our operations to achieve our goals.

“I am confident Christine is well prepared to assume greater responsibility in leading our finance functions in the years ahead.”

During her time at Staples, Komola job titles have included Vice President of Planning & Control as well as CFO for the company’s online operation

She is also the second high profile female board appointment at Staples in the space of three months following the promotion of Christine Putur to Chief Information Officer in July.

In August the company, whose UK head office is located in High Wycombe, reported healthy trading figures for its second quarter, showing a total group year-on-year sales rise of 5.2 per cent to $5.8 billion (£3.7 billion).

International sales for Q2 were $1.3 billion, an increase of 15.2 per cent in US dollars, but a reduction of 0.1 per cent in local currencies.

Published on Wednesday 28 September by Editorial Assistant

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