DXP Enterprises (DXPE) Names Kent Yee to Board

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.

You May Also Be Interested In

• Bunge Limited (BG) and Viterra Issue Statement on Canadian Competition Bureau Report
• SilverBow Resources (SBOW) Sends Letter to Shareholders Highlighting Path Forward for Value Creation
• Tapestry (TPR) Responds to the FTC’s Lawsuit