DXP Enterprises, Inc. Appoints David Molero Chief Accounting Officer
24 Maio 2023 - 8:43PM
Business Wire
DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that
David Molero has been appointed as DXP’s new Chief Accounting
Officer, effective May 22, 2023. Mr. Molero is a certified public
accountant and has over 17 years of experience in accounting within
a public company environment and most recently as a Chief
Accounting Officer of another publicly traded company. David
replaces Eugene Padgett, who resigned on October 10, 2022. Mr.
Molero will be an integral leader on the accounting and finance
team overseeing the Company’s accounting, tax, SOX, and SEC
reporting functions, and will be reporting directly to Kent Yee,
SVP and Chief Financial Officer.
Prior to DXP, Mr. Molero was the Chief Accounting Officer for
AgileThought, Inc., a leading provider of digital transformation
services including organizational transformations, training and
certifications, and product management services. He spent over 16
years at PricewaterhouseCoopers working in the Audit as well as the
capital markets and accounting advisory groups. He holds a
Bachelor’s degree in business administration and management from
Loyola University in Cordoba (Spain) and a Master’s degree in Audit
from the University of Alcala in Madrid (Spain) and is a Certified
Public Accountant.
Kent Yee, CFO, commented, “We are excited to welcome David to
DXP. His deep, technical background in accounting as well as
experience in transformation, will complement our existing
leadership well. David has a proven track record of leading
corporate and technical accounting. I look forward to working with
him as we continue to drive transformation and advance our broader
growth objectives. David is a proven leader and will be
instrumental in helping us execute our goals within the accounting
and finance team and the Company as a whole.”
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. These
forward-looking statements include without limitation those about
the Company’s expectations regarding the impact of the COVID-19
pandemic and the impact of low commodity prices of oil and gas; the
Company's expectations regarding the filing of the Form 10-Q; the
description of the anticipated changes in the Company's
consolidated balance sheet and the results of operations and the
Company's assessment of the impact of such anticipated changes; the
Company’s business, the Company’s future profitability, cash flow,
liquidity, and growth. 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; decreases in oil and natural gas
prices; decreases in oil and natural gas industry expenditure
levels, which may result from decreased oil and natural gas prices
or other factors; inability of the Company or its independent
auditors to complete the work necessary in order to file the Form
10-Q, in the expected time frame; unanticipated changes to the
Company's operating results in the Form 10-Q as filed or in
relation to prior periods, including as compared to the anticipated
changes stated here; unanticipated impact of such changes and its
materiality; ability to obtain needed capital, dependence on
existing management, leverage and debt service, domestic or global
economic conditions, economic risks related to the impact of
COVID-19, ability to manage changes and the continued health or
availability of management personnel 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. More
information on these risks and other potential factors that could
affect the Company’s business and financial results is included in
the Company’s filings with the SEC, including in the “Risk Factors”
and “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” sections of the Company’s most recently
filed periodic reports on Form 10-K and Form 10-Q and subsequent
filings. The Company assumes no obligation to update any
forward-looking statements or information, which speak as of their
respective dates.
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version on businesswire.com: https://www.businesswire.com/news/home/20230524005961/en/
Kent Yee Senior Vice President, CFO 713-996-4700
www.dxpe.com
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