Published:
PEMSTAR Appoints Mayo Clinic Executive to Board of Directors
PEMSTAR Inc. (NASDAQ: PMTR), a leading
provider of global engineering, product design, manufacturing and
fulfillment services to technology, industrial and medical companies, today
announced the appointment of Dr. Claire Bender to the Board of Directors of
the Company, effective May 18, 2006, to serve as an independent director.
The company also announced the retirement of Mr. Kenneth Hendrickson from
its board, as disclosed in its 10-Q filed on February 9, 2006.
Al Berning, Chairman and CEO of PEMSTAR, stated, "I wish to extend, on
behalf of the Board of Directors, our appreciation for Mr. Hendrickson's
dedication and years of service to PEMSTAR. At the same time, we are
pleased to have such a qualified individual, in Dr. Claire Bender, join our
board. PEMSTAR has established considerable business momentum with
existing and new customers in the semiconductor capital equipment and
military/aerospace businesses. As we focus our resources on profitable
growth opportunities, the medical segment is a top target for us. Dr.
Bender's credentials and expertise in the medical field will be an
invaluable asset to us given the growth potential of the medical segment."
Claire Bender, MD is the Dean of the Mayo School of Health Sciences, which
includes 1,000 students in 35 allied health programs in Rochester,
Jacksonville, and Scottsdale and a staff physician at the Mayo Clinic in
Rochester, Minnesota. She is a native of Nebraska where she received her
Bachelors of Science degree from Nebraska Wesleyan University in 1971 and
her MD degree from the University of Nebraska Medical Center in 1975. She
completed her residency training in diagnostic radiology at the Mayo Clinic
and joined the Mayo Clinic in 1980. She is a Professor of Radiology and a
Fellow in the American College of Radiology. She is the First
Vice-President of the Radiological Society of North America. She currently
serves on the Charter House Board of Directors.
About PEMSTAR
PEMSTAR Inc. (www.pemstar.com) provides a comprehensive range of
engineering, product design, manufacturing and fulfillment services to
customers on a global basis through facilities strategically located in
North America, Asia and Europe. The company's service offerings support
customers' needs from product development and design, through manufacturing
to worldwide distribution and aftermarket support. PEMSTAR has over one
million square feet in 10 locations worldwide.
This press release may contain "forward-looking" statements. These
forward-looking statements, including statements made by Mr. Berning, may
contain statements of intent, belief or current expectations of PEMSTAR
Inc. and its management. Such forward-looking statements are not guarantees
of future results and involve risks and uncertainties that may cause actual
results to differ materially from the potential results discussed in the
forward-looking statements. In addition to factors discussed above, risks
and uncertainties that may cause such differences for PEMSTAR include but
are not limited to: recession or decline in economic conditions; rumors or
threats of war; actual conflicts or trade disruptions; trade disruptions
resulting from world health alerts or actual disease outbreaks; changes in
demand for electronics manufacturing services; changes in demand by major
customers due to cancellations, reductions or delays of orders; shortages
or price fluctuations in component parts; difficulties managing expansion
and integration of acquired or restructured businesses; increased
competition; and other risk factors listed from time to time in PEMSTAR's
Securities and Exchange Commission filings, including but not limited to
risks as included in PEMSTAR's Annual Report on Form 10-K for the fiscal
year ended March 31, 2005 and PEMSTAR's quarterly reports filed on form
10-Q filed with the SEC.
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