Merisel Announces Resignation of President and COO James E. Illson - Company Operations

Edge: Work-Group Computing Report, Jan 17, 2000

Merisel Inc. Monday announced that James E. Illson has resigned as president and chief operating officer, and as a member of Merisel's board of directors.

In August 1996, Illson joined Merisel as senior vice president of finance and chief financial officer, and was promoted to president and chief operating officer in August 1998. Illson's unique combination of financial and operational expertise led to the successful completion of Merisel's debt restructuring and turnaround in December 1997.

He was also instrumental in developing and strengthening relationships with many of Merisel's key business partners. In addition, Illson led the advancement of key operational initiatives for the company, including e-business, co-location and configuration.

"Jim has made significant contributions to Merisel since he joined the company in 1996," said Chairman and Chief Executive Officer Dwight Steffensen. "He earned the respect of both associates and business partners for his leadership and commitment. I have greatly valued working with Jim and wish him well in his future endeavors."

Merisel currently has no plans to replace Illson. Under Chairman and CEO Steffensen, Merisel will operate two North American businesses led by Ron S. Smith, president of North American distribution, and William R. Page, senior vice president and general manager of the Merisel Open Computing Alliance (MOCA).

Merisel is a leading full-line distributor of technology products to resellers throughout North America. The Fortune 500 company supports the growth of its partners with extensive business development and educational services, expert technical support, flexible financing options, certified configuration services and progressive e-business solutions.

Merisel also offers dedicated support to enterprise resellers through the Merisel Open Computing Alliance (MOCA). For the 12 months ended Dec. 31, 1999, the El Segundo-based company expects to generate sales of $5.2 billion. FMI: www.merisel.com.