TD SYNNEX Announces Upcoming Board Retirements

Rhea-AI Summary

TD SYNNEX (NYSE: SNX) announces the retirement of Matthew Miau and Fred Breidenbach from the Board of Directors, with Ting Herh nominated as the new independent director. Herh's nomination will bring the board composition to 11 members. Miau and Breidenbach have provided long-standing service, with Miau being the longest-tenured director since 1992. The company expresses gratitude for their leadership and commitment. Ting Herh brings over 40 years of experience in the technology industry and is expected to be a valuable addition to the board.

• Matthew Miau and Fred Breidenbach plan to retire at the end of their current terms
• Ting Herh nominated for election as new independent director

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)-- TD SYNNEX (NYSE: SNX) today announced that Matthew Miau and Fred Breidenbach are planning to retire from TD SYNNEX’s Board of Directors at the end of their current terms of office in March.

With this news, the Board has nominated independent director Ting Herh, which will bring the board composition to 11 members, following the shareholder meeting. Herh’s nomination will be included in the Proxy Statement issued in advance of the 2024 Annual Meeting of Stockholders.

Herh brings more than 40 years of experience in the technology industry, including as founder and chair of Davicom Semiconductor, Inc. in 1996 and is currently serving as its Board chair. Upon his election, Herh will join Kathy Crusco and Claude Pumilia as the newest independent members of the TD SYNNEX Board.

“Matthew and Fred have provided impressive tenures of service as outstanding leaders on our Board, and their leadership, expertise and commitment have made an indelible impact on TD SYNNEX and, by extension, the technology business partner ecosystem. On behalf of the Board, I want to extend our sincere gratitude for their unwavering service and wish them all the best as they begin their planned transitions toward retirement,” said Ann Vezina, Chair of the TD SYNNEX Board of Directors. “Looking ahead, Ting’s growth mindset and extensive expertise, particularly in the global technology industry, make him a fantastic addition to our Board.”

Miau will retire as the Board’s longest-tenured director, having joined in 1992. In addition to his role as a director, he served as Board Chair from 1992 to 2008.

“It has been a tremendous honor not only to serve TD SYNNEX but also to witness the company’s tremendous transformation throughout my years of service,” Miau said. “I’m confident that the company has the right leadership at the Board and executive levels to continue to lead and transform the market for years to come.”

Breidenbach has served on the TD SYNNEX Board since 2003.

“It has been an incredible journey serving on the TD SYNNEX board for the past two decades, and I look forward to continuing to see how the company empowers its partners to achieve great outcomes with technology,” Breidenbach said.

About Ting Herh

Ting Herh, 68, has been the Founder & Chairman of Davicom Semiconductor, Inc. since 1996. Davicom specializes in cost effective design, developing and marketing of the networking communication ICs. Before Davicom, Mr. Herh held the position of Senior Director at Compaq, Houston from 1994 to 1996. He was responsible for the communication products delivery for consumer PC and Enterprise System Divisions. Prior to Compaq, he was a Head of Engineering in various engineering positions in Dial-up Division at Racal-Vadic (Sunnyvale/Milpitas,CA), Racal-Milgo/Racal-Datacom (Sunrise,FL) from 1980 to 1994.

Mr. Herh received his BS from National Chiao Tung University, Taiwan, in 1977 and MS Electrical Engineering and Computer Science from U.C. Berkeley in 1980 and DBA degree from Victoria University, Switzerland in 2005. Mr. Herh has been elected as the Chairman of National Chiao Tung University Alumni Association from 2019 to 2022.

Mr. Herh has served as an Independent Director of United Integrated Services Co. (UIS) since 2015. He served as the Chairperson of the Auditing Committee for 6 years and as the Chairperson of the Compensation Committee for 8 years. Mr. Herh also serves as an Independent Director of Mitac Holdings Corp. from May 2022 to present. The aforementioned companies Davicom, UIS and Mitac Holdings Corp. are all located in Taiwan.

Mr. Herh has been in the IT industry, especially in telecom/datacom and semiconductor field, for over 43 years. His master entrepreneurship, broad international businesses experience and strong technology background plus excellent understanding of electronic manufacturing and logistic processes will contribute to the Board perspective and effectiveness.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on LinkedIn, Facebook and Instagram.

Safe Harbor Statement

Statements in this news release that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 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.

Copyright 2023 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240112163815/en/

Bobby Eagle

Global Corporate Communications

+1 727-538-5864

bobby.eagle@tdsynnex.com

Liz Morali

Investor Relations

510-668-8436

ir@tdsynnex.com

Source: TD SYNNEX

FAQ

Who is retiring from the TD SYNNEX Board of Directors?

Matthew Miau and Fred Breidenbach are retiring from the TD SYNNEX Board of Directors.

Who is nominated as the new independent director for TD SYNNEX?

Ting Herh is nominated as the new independent director for TD SYNNEX.

How many members will the TD SYNNEX Board of Directors have after Ting Herh's election?

The TD SYNNEX Board of Directors will have 11 members after Ting Herh's election.

What is the ticker symbol for TD SYNNEX?

The ticker symbol for TD SYNNEX is SNX.

How long has Matthew Miau been serving as a director at TD SYNNEX?

Matthew Miau has been serving as a director at TD SYNNEX since 1992.

What is Ting Herh's experience in the technology industry?

Ting Herh has over 40 years of experience in the technology industry, including as founder and chair of Davicom Semiconductor, Inc.

What is the company's sentiment towards the retirement of Miau and Breidenbach?

The company expresses gratitude for the leadership and commitment of Miau and Breidenbach.

Who will Ting Herh join as the newest independent members of the TD SYNNEX Board?

Ting Herh will join Kathy Crusco and Claude Pumilia as the newest independent members of the TD SYNNEX Board.