HOUSTON, Aug. 24, 2004 (PRIMEZONE) -- DXP Enterprises, Inc. (Nasdaq:DXPE) today announced that Vincent Esposito has been appointed Vice President of Supply Chain Management and will immediately assume the management responsibilities of DXP's supply chain. Mr. Esposito will report to David Vinson Sr., Senior Vice President of Operations.
Mr. Esposito joins DXP with more than 25 years of experience in supply chain management. He holds a Masters degree in Business Administration from Bellarmine College and a Bachelor of Science in Engineering from the University of Connecticut.
During his previous position as Director of Distribution for Safety-Kleen Mr. Esposito ran the distribution and waste disposal operations of an $850 million division consisting of three distribution centers, nine accumulation centers and associated fleets servicing 96 branch locations. Mr. Esposito's career experience includes management roles at Cooper Industries, General Electric, Tyco International and three years as Principal of supply chain management at Tompkins Associates.
"We believe Vince's experiences and creativity will allow him to raise DXP's Supply Chain Management to a higher level. We further believe that continuous supply chain management improvements will enhance our value to our customers and will increase profits by improving our productivity," said David Vinson, Sr. Vice President of Operations.
DXP Enterprises, Inc., based in Houston, Texas, is a leading distributor of capital equipment and maintenance, repair, operating and production (MROP) products and services. These products and services include: "Innovative Pumping Solutions" for capital pump projects; SmartSource(SM) programs for integrated supply chain management; MROP products such as fluid handling equipment, bearings, power transmission equipment, general industrial supplies, safety equipment and electrical products; and MROP services such as engineering expertise, contract maintenance, logistics, system agreements, repair services, vendor managed inventory (VMI), and B2B technology solutions. DXP's "Total Product Concept" enables the customer to reduce their costs by leveraging all or part of their purchases of MROP products and services. For 96 years DXP has serviced general manufacturing, oil and gas, petrochemical, refining, wood products and mining segments of the industrial market. Additional information on DXP is available at www.DXPE.com.
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