BUSINESS: DXP Enterprises Announces Two Leadership Appointments

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By Daniel Webster, dWeb.News Publisher

HOUSTON–(BUSINESS WIRE)–DXP Enterprises, Inc. (NASDAQ: DXPE) today announced Nick Little and Paz Maestas were appointed the new Chief Operating Officer (COO) and Chief Marketing & Technology Officer (CM&TO), respectfully, effective January 7, 2022.

As COO, Nick Little is responsible for providing companywide leadership, team management and strategic vision to employees. 18 years ago, Mr. Little started his career at DXP as an application engineer. Nick has held a variety of roles with increasing responsibility during his tenure including Director of Operations, outside sales and, most recently, Regional Vice President of Sales and Operations. He will now be responsible for the Company’s strategic direction and overseeing sales, operations, inventory management, and procurement. Baylor University awarded him a Bachelor in Business Administration in Finance.

Paz Maestas has been appointed Chief Marketing Officer and Technology Officer. Mr. Maestas has been with DXP since 2002 and leads the Company’s e-commerce and Omni-Channel initiatives. He has held various positions in DXP over his 20-year tenure, including Vice President of Marketing & Operations. He is a graduate of the University of Texas at Austin with a Bachelor of Science degree in Computer Science.

David Little is Chairman and CEO. He stated, “DXP’s outstanding leadership team is the result a focus on growing the business talent at DXP. DXP will benefit from Nick and Paz’s extensive company knowledge and expertise as they grow, invest in and enhance DXP. Nick is a leader who works collaboratively and has extensive experience in the business. He has been involved with DXP for nearly 20 years. We are now well-positioned to benefit from the industry’s recovery as well as transition into the future.

About DXP Enterprises, Inc .

DXP Enterprises, Inc., a leading product and service distributor, adds value to customers across the United States, Canada, and Dubai. DXP offers innovative pumping solutions, supply chains services, maintenance, repair and operating (“MROP”) services. These services are based on DXP Enterprises’ vast product knowledge and technical expertise in metalworking, bearings and power transmission. DXP’s wide range of MROP products allows DXP flexibility and customer-drivenness, which creates competitive advantages for its customers. DXP’s business segments are Service Centers and Innovative Pumping Solutions, as well as 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. Forward-looking statements can be found in certain information in this press release, as well as oral or written statements by the Company. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of and recovery from the COVID-19 pandemic and the impact of low commodity prices of oil and gas; the Company’s business, the Company’s future profitability, cash flow, liquidity, and growth. Forward-looking information is subject to risks and uncertainties that may have a significant impact on future results. Accordingly, these results could differ from any forward-looking statements made by the Company or for its benefit. 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; 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. You can identify forward-looking statements in some cases by using terminology such as “may,”” “will,” and “should”, “intend,” and “should,” as well “intend,” and “should,” and “should,” and “should,” and “intend,” and “anticipate,” plan,” believe,” anticipate,” predict,” estimate,” predicate,” goal, or continue. Check out the filings of the Company with the Securities and Exchange Commission for more information. 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. Forward-looking statements and information are not subject to revision. They speak only as of the respective filings.

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