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Search is Over, Kinko’s Names Gary Kusin as President and CEO

Press release from the issuing company

VENTURA, Calif. – June 27, 2001 – Kinko's, Inc., a leading provider of document solutions and business services, today announced the appointment of Gary Kusin as President and Chief Executive Officer, effective August 6. He also will become a member of the company’s Board of Directors. Mr. Kusin succeeds George Tamke, a principal of Clayton, Dubilier & Rice, Inc. ("CD&R"), who will become Chairperson of Kinko’s Board of Directors. CD&R-managed funds owns approximately 40 percent of Kinko’s. B. Charles Ames, also a CD&R principal, will serve as Vice Chairperson of the company. Mr. Kusin joins Kinko’s from HQ Global Workplaces, Inc., where he served as Chief Executive Officer. Under Mr. Kusin’s leadership, HQ was transformed from a regional executive office suite business to a technologically advanced leader in flexible workplace solutions with more than 460 locations in 17 countries and over $600 million in sales. "Gary is a dynamic leader and team builder with an exceptionally strong customer focus," said Mr. Tamke. "His growth management skills, coupled with a proven record of successfully executing new product and technology introductions in the multi-location, outsourced office services space, match perfectly Kinko's emphasis on commercial and international sales growth, new products, and quality initiatives." Mr. Kusin said, "I am very excited about joining Kinko's and leading this great company. The values associated with the Kinko's brand are a reflection of a special corporate culture and the team of talented and creative co-workers who provide an unparalleled level of service to customers each day. The company's recent investments in digital technology also offer enormous opportunities to better serve our customers and represent a powerful platform from which to continue to grow rapidly and profitably. I look forward to helping Kinko’s capitalize on all of its strengths to achieve its full potential." Prior to joining HQ Global Workplaces, Mr. Kusin co-founded and built two successful consumer retail businesses, Laura Mercier Cosmetics, a high-end cosmetics supplier now owned by Neiman-Marcus, and Babbage's, Inc., a leading chain of consumer software specialty stores that merged with Software Etc. Inc. magazine recognized Mr. Kusin as an Entrepreneur of the Year for his accomplishments at Babbage's. Mr. Kusin's experience in the retail sector also includes service with Federated Department Stores, as well as Carter-Hawley-Hale Stores. He received a B.A. from the University of Texas at Austin and an M.B.A. from the Harvard Business School. He served in several roles as a Member of the Board of Trustees of the St. Mark’s School of Texas, including being Chairman of the Education Committee and a Member of its Executive Committee. He has served as Chairman of the Dallas Young Presidents’ Organization. He is currently on the Board of Directors of Electronic Arts, Inc., the world’s largest entertainment software publisher. Mr. Kusin was born and raised in Texarkana, Texas. He and his wife have four children. About Kinko’s Kinko’s is the world's leading provider of document solutions and business services. Its global network of more than 1,100 digitally connected locations offers 24-hour access to technology for color printing, finishing and presentation services, Internet access, videoconferencing and Web-based on-demand printing and document management solutions. Kinko's and Federal Express Corporation have a strategic alliance that provides customers with solutions for in-store shipping as well as document printing and finishing with same- and next-day delivery. Kinko's also has a strategic alliance with America Online to facilitate cross-marketing and co-branding opportunities both online and within Kinko's branches. Named for the third consecutive year as one of Fortune's 100 best companies to work for in America, Kinko's is a privately held corporation, with more than 25,000 co-workers and locations in nine countries. It is headquartered in Ventura, Calif. For more information, please visit http://www.kinkos.com.

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