Corporate
Express Press Releases - 1999
Corporate Express (ticker: CEXP, exchange: NASDAQ) News Release - Thursday, April 01, 1999 Corporate Express Adds New Members to Its Board of Directors |
| BROOMFIELD,
COLORADO - Corporate Express, Inc. (NASDAQ: CEXP) today announced
that Jeffrey J. Steiner and Martin E. Franklin have been elected
directors of the Company.
Mr. Steiner is Chairman of the Board and Chief Executive Officer of The Fairchild Corporation, a leading worldwide aerospace and industrial fastener manufacturer, distribution logistics manager, and independent aerospace parts distributor, positions he has held since 1985. He is also Chairman, Chief Executive Officer and President of Banner Aerospace, Inc., the public subsidiary through which Fairchild Corporation’s aerospace distribution business is conducted. He has also served as Chairman, President, and Chief Executive Officer of RHI Holdings, Inc. since 1988. Previously, he was Vice-Chairman of the Board of Rexnord Corporation, and Vice Chairman of the Board of Shared Technologies Fairchild Inc. Mr. Steiner is also a director of The Franklin Corporation, The Copley Fund and Communication Intelligence Corporation. Mr. Franklin is Chairman and Chief Executive Officer of Marlin Holdings, Inc., the general partner of Marlin Capital, L.P., a private investment partnership, positions he has held since October 1996. He also serves as Chairman of the Board of Directors of Bollé Inc., and as a director of Specialty Catalog Corp., both NASDAQ listed Companies. From May 1996 until March 1998, Mr. Franklin served as Chairman and Chief Executive Officer of Lumen Technologies, Inc., a NYSE Company, and served as Executive Chairman from March 1998 until December 1998. Mr. Franklin was Chairman of the Board and Chief Executive Officer of Lumen’s predecessor, Benson Eyecare Corporation from October 1992 to May 1996 and President from November 1993 until May 1996. Mr. Franklin was non-executive Chairman and a director of Eyecare Products plc, a London Stock Exchange Company, from December 1993 until February 1999. Mr. Franklin also serves on the boards of a number of privately held companies and charitable organizations. Mr. Franklin, who has filed a Schedule 13D as a member of a shareholder group owning approximately 8.4% of the outstanding shares of the Company, has entered into an agreement with the Company, representing that he intends to serve on the Company's Board for no less than six months and that he will, as a director, serve for the benefit of all the Company's shareholders. Mr. Franklin and the members of his group have agreed that, during that period and provided he remains a director, he will not acquire 10% or more of any class of securities of the Company, participate in a proxy solicitation, make any offer or proposal for the securities or assets of the Company or other extraordinary proposal, or take certain other specified actions. "Corporate Express is glad to welcome Jeffrey Steiner and Martin Franklin to our board," said Bob King, president and chief executive officer of Corporate Express. "Jeffrey has an impressive background as a senior officer with a strong track record of success. Martin has extensive experience with growth companies. Their advice and experience will be a great addition to the Corporate Express board." Corporate Express currently operates in nearly 300 locations, including 92 distribution centers, and employs approximately 15,000 people in the United States, Canada, the United Kingdom, Ireland, Germany, Switzerland, France, Italy, the Netherlands, Australia and New Zealand. Contact: |