JERSEY CITY, N.J.--(BUSINESS WIRE)--
BEL FUSE INC. (NASDAQ:BELFA) and (NASDAQ:BELFB) announced today
that Norman Yeung has been appointed to the company's Board of
Directors. Mr. Yeung's appointment increases the number of Board members
to eight, including six outside Directors.
Daniel Bernstein, Bel's President and CEO, said, "Norman Yeung brings to
our Board more than 34 years of experience in the electronic components
industry in the Far East. A seasoned executive, Norman also founded and
built two successful electronics companies in China, where Bel does a
great deal of its business. We expect his knowledge and directly
relevant industry experience to be of great value as we pursue Bel's
long term growth plan."
Norman Yeung, 59 years old, is the recently retired CEO of YEL
Electronics Hong Kong Ltd., an electronic components distributor in
China which he founded in 1992 and built into a US$300 million company.
YEL Electronics was acquired in 2008 by NYSE-listed Avnet, one of the
world's largest distributors of electronic components, computer products
and technology services and solutions. Formerly a board member and
Corporate Vice President at AVX Corporation, also an NYSE-listed
electronic components company, Mr. Yeung founded AVX subsidiary AVX Asia
Ltd., and managed its growth into a US$200 million business.
Mr. Yeung holds a BSEE from UCLA. He resides in Hong Kong.
About Bel
Bel (www.belfuse.com)
and its divisions are primarily engaged in the design, manufacture, and
sale of products used in networking, telecommunications, high-speed data
transmission, commercial aerospace, military, transportation, and
consumer electronics. Products include magnetics (discrete components,
power transformers and MagJack® connectors with integrated
magnetics), modules (DC-DC converters and AC-DC power supplies,
integrated analog front-end modules and custom designs), circuit
protection (miniature, micro and surface mount fuses) and interconnect
devices (micro, circular and filtered D-Sub connectors, fiber optic
connectors, passive jacks, plugs and high-speed cable assemblies). The
Company operates facilities around the world.
Investor Contact:
Neil Berkman Associates
310-477-3118
info@berkmanassociates.com
or
Company
Contact:
Bel Fuse Inc.
Daniel Bernstein
President
201-432-0463
ir@BelFuse.com
www.belfuse.com
Source: Bel Fuse Inc.
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