Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading global
distributor of advanced technology semiconductor, display, illumination,
power and system solutions, today announced that its Board of Directors
voted to expand the board to nine members from the current seven and
subsequently appointed Steven J. Bilodeau and James Estill to fill the
newly created vacancies. Mr. Bilodeau will join the board of directors
as a Class III Director, which has a term expiring at the company’s 2011
annual meeting of stockholders and Mr. Estill will join the board of
directors as a Class I Director, which has a term expiring at the
company’s 2009 annual meeting of stockholders. Mr. Bilodeau has also
been appointed to serve on the company’s audit, compensation and
nominating committees.
Before his recent retirement, Mr. Bilodeau was the chief executive
officer and president of SMSC (also known as Standard Microsystems
Corporation) from March 1999 to October 2008, and is currently a
director and non-executive chairman of SMSC. He has also been a director
of Conexant Systems Inc. since February 2004 and of Gennum Corporation
since March 2008.
Mr. Estill, as previously announced, joined Nu Horizons as its President
and Chief Executive Officer on June 1, 2009 and has now been named as a
Director of the Company.
Arthur Nadata, the company’s executive chairman, stated “We expect that
Steve Bilodeau’s service as an executive officer and director of
semiconductor companies such as SMSC, Conexant and Gennum, all of which
are suppliers to the company, will prove invaluable in helping to guide
the company through these challenging economic times. We are pleased to
have him join Nu Horizons’ board of directors. We also welcome
Jim Estill’s participation as a director of the Company.”
About Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp. is a leading global distributor of
advanced technology semiconductor, display, illumination, power and
system solutions to a wide variety of commercial original equipment
manufacturers (OEMs) and Electronic Manufacturing Services providers
(EMS). With sales facilities in 54 locations across North America,
Europe and Asia and regional logistics centers throughout the globe, Nu
Horizons partners with a limited number of best-in-class suppliers to
provide in-depth product development, custom logistics and life-cycle
support to its customers.