SYNNEX Corporation
Announces the Appointment of Two New Board Members
FREMONT, CA —September 29, 2005—SYNNEX Corporation
(NYSE: SNX), a global IT supply chain services company, today
announced the appointment of James Van Horne and Gregory Quesnel
to the Company’s Board of Directors.
Mr. Van Horne is an A.P. Giannini Professor of Finance at
the Stanford University Graduate School of Business. Mr. Quesnel
is the former President and CEO of CNF Inc. (NYSE: CNF). The
two appointments are new independent director additions to
the SYNNEX Board of Directors, bringing the total number of
Independent Directors to six and the total Board membership
to eight. Mr. Van Horne has been appointed to the Company’s
Audit Committee and Compensation Committee and Mr. Quesnel
has been appointed to the Company’s Audit Committee and
Executive Committee.
“We are fortunate to have individuals of this caliber
joining the Board,” said Fred Breidenbach, Chairman of
the SYNNEX Nominating and Corporate Governance Committee. “James
Van Horne’s extensive background in corporate finance
and budgeting decisions will be a valuable source of Board
guidance as the management team executes on SYNNEX’s
strategy,” added Robert Huang, President and Chief Executive
officer of SYNNEX. Mr. Huang continued, “Gregory Quesnel
has impressive accomplishments in a broad range of supply chain
services including manufacturing, industrial, retail, and government.
His financial background combined with his years in a customer-focused
business will provide an important perspective to SYNNEX.”
Mr. Van Horne joined the Stanford University Graduate School
of Business faculty in 1965 after earning a doctorate degree
from Northwestern University. He served as the Director of
the MBA Program at Stanford University from 1970 to 1973
and then served as Associate Dean for Academic Affairs
from 1973
to 1975 and 1976 to 1980. He has authored five widely used
textbooks, is a past president of the American Finance Association,
and has served in the U.S. Treasury. He currently serves
on several boards for both public and non- profit organizations.
Mr. Quesnel is a supply chain industry veteran with nearly
three decades of experience in the transportation industry.
He was the President and CEO and a member of the Board
of Directors of CNF. from 1998 to 2004. Prior to that,
he served
as Executive
Vice President and Chief Financial Officer of CNF. He joined
CNF. in 1975 following several years of professional experience
with major corporations in the petroleum and wood products
industries. Mr. Quesnel is on the Board of Directors of
Potlatch Corporation (NYSE: PCH). He earned a bachelor’s degree
in finance from the University of Oregon and holds a master’s
degree in business administration from the University of Portland.
About SYNNEX
Founded in 1980, SYNNEX Corporation is a global IT supply
chain services company offering a comprehensive range of
services
to original equipment manufacturers, software publishers
and reseller customers worldwide. SYNNEX offers product
distribution, related logistics services, demand generation
marketing and
contract assembly and works with the leading industry suppliers
of IT systems, peripherals, system components, software
and networking equipment. Additional information about
SYNNEX
may
be found online at www.synnex.com.
Statements in this release that are forward looking involve
known and unknown risks and uncertainties, which may
cause the Company's actual results in future periods to
be materially
different from any future performance that may be suggested
in this release. The Company assumes no obligation to
update any forward looking statements contained in this
release.
SYNNEX and the SYNNEX logo are trademarks of SYNNEX Corporation
or its subsidiaries and should be treated as such.
All rights reserved. All other company names mentioned
herein
are trademarks
of their respective owners.