DXP Enterprises, Inc. Appoints Kent Yee to Board of Directors
April 21 2021 - 3:30PM
Business Wire
DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that
the Board of Directors of DXP Enterprises, Inc. elected Mr. Kent
Yee, Chief Financial Officer, as a director on the Board, effective
immediately.
“We are delighted to have Kent formally join the Board. Kent for
the past ten years has regularly participated in DXP Board meetings
and displayed strong business acumen and leadership skills. Since
becoming CFO, he has contributed in an even stronger manner and has
emerged as a valued Board participant. He has distinguished himself
as a leader with in-depth financial, strategic, capital markets and
human capital expertise. This is a public acknowledgement of what
we have known and benefited from at DXP since he arrived. Kent not
only brings valuable business skills but also brings other diverse
and valued perspectives,” said David Little, Chairman of the Board
of Directors.
This appointment reflects Mr. Yee’s tenure with DXP and the
important role he serves on the senior management team.
Mr. Yee currently serves as Chief Financial Officer and Senior
Vice President Corporate Development and leads DXP's acquisitions,
finance, accounting, business integration and human resource
activities. During March 2011, Mr. Yee joined DXP from Stephens
Inc.'s Industrial Distribution and Services team where he served in
various positions and most recently as Vice President from August
2005 to February 2011. Prior to Stephens, Mr. Yee was a member of
The Home Depot’s Strategic Business Development Group with a
primary focus on acquisition activity for HD Supply. Mr. Yee was
also an Associate in the Global Syndicated Finance Group at
JPMorgan Chase. He has executed over 45 transactions including more
than $1.5 billion in M&A and $3.4 billion in financing
transactions primarily for change of control deals and numerous
industrial and distribution acquisition and sale assignments. He
holds a Bachelors of Arts in Urban Planning from Morehouse College
and an MBA from Harvard University Graduate School of Business.
About DXP Enterprises, Inc.
DXP Enterprises, Inc. is a leading products and service
distributor that adds value and total cost savings solutions to
industrial customers throughout the United States, Canada and
Dubai. DXP provides innovative pumping solutions, supply chain
services and maintenance, repair, operating and production ("MROP")
services that emphasize and utilize DXP’s vast product knowledge
and technical expertise in rotating equipment, bearings, power
transmission, metal working, industrial supplies and safety
products and services. DXP's breadth of MROP products and service
solutions allows DXP to be flexible and customer-driven, creating
competitive advantages for our customers. DXP’s business segments
include Service Centers, Innovative Pumping Solutions and Supply
Chain Services. For more information, go to www.dxpe.com.
The Private Securities Litigation Reform Act of 1995 provides a
“safe-harbor” for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made by or to be made
by the Company) contains statements that are forward-looking. Such
forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results
in the future; and accordingly, such results may differ from those
expressed in any forward-looking statement made by or on behalf of
the Company. These risks and uncertainties include, but are not
limited to; ability to obtain needed capital, dependence on
existing management, leverage and debt service, domestic or global
economic conditions, and changes in customer preferences and
attitudes. In some cases, you can identify forward-looking
statements by terminology such as, but not limited to, “may,”
“will,” “should,” “intend,” “expect,” “plan,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “goal,” or
“continue” or the negative of such terms or other comparable
terminology. For more information, review the Company’s filings
with the Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20210421005856/en/
Kent Yee Senior Vice President CFO 713-996-4700 –
www.dxpe.com
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