Business
DXP Enterprises Elects Joseph R. Mannes to Board of Directors; Cletus Davis to Retire From Board in June
HOUSTON--(BUSINESS WIRE)-- DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that after twenty five years of service, Cletus “Cowboy” Davis has chosen to
About this update from Dxp Enterprises, Inc.
[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nDXP Enterprises, Inc. (NASDAQ: DXPE) today announced that after twenty five years of service, Cletus “Cowboy” Davis has chosen to retire from DXP’s board of directors at the company’s annual shareholder meeting, to be tentatively held in June 2020. The company also announced today that after reviewing multiple candidates, its board of directors has elected Joseph Mannes, 61, a director of the company, effective tomorrow. Mr. Mannes will serve as a director until the company’s annual shareholders meeting, whereby he will stand for re-election.\n\n\nDavis’ contributions to DXP have been numerous, having served as an advisor and board member of DXP and its predecessor company Southern Engine and Pump Company. Davis joined DXP before it was a publicly traded entity and served as a consistent voice, advisor and confidant to DXP’s chief executive officer, David Little.\n\n\n“It has been my privilege to work with Cowboy over the past 25 years,” said David Little, DXP chief executive officer. “We are grateful and blessed for his incredible advice, leadership and dedication. Cowboy has brought tremendous wisdom and judgement to our board, including in the roles he played as chair of the Nominating and Governance and Compensation Committees,” Little said. “We will miss Cowboy greatly but he will always be welcomed as an advisor, observer and contributor. He not only made us a better company but he made us better people,” concluded Mr. Little.\n\n\nMr. Mannes has served as President of SAMCO Capital Markets, a broker-dealer specializing in investment banking, municipal underwriting, sales and trading and public finance, where he has worked since 2001. In addition, he serves on the boards of the Dallas Institute of Humanities and Culture and numerous civic, non-profit and professional organizations.\n\n\n“Joe is a demonstrated leader who has significant business experience and a solid record of achievement. He brings experience in corporate governance, financial markets and leadership. We look forward to him bringing this knowledge and business insight into the DXP boardroom, said David Little, Chief Executive Officer. “We are pleased to welcome Joe to the DXP Board.”\n\n\nMr. Mannes graduated with an AB from Dartmouth College and an MBA from the Wharton School, graduate division. His experience includes time as...