Exhibit
99.1
Press
Release
For
More Information, Call:
ELLEN
M.
DYLLA
INVESTOR
RELATIONS November
4, 2008
(979)
849-6550
FOR
IMMEDIATE RELEASE
BENCHMARK
ELECTRONICS ANNOUNCES
RETIREMENT
OF CO-FOUNDERS DON NIGBOR AND STEVE BARTON
ANGLETON,
TX, November 4, 2008 - Benchmark Electronics, Inc., (NYSE: BHE) announced
today
that co-founders Steven A. Barton and Donald E. Nigbor will retire from the
Company effective December 1, 2008. Both have served as directors for more
than
twenty years and were among the original founders of the Company. Mr. Barton
and
Mr. Nigbor will continue to serve as directors until the 2009 annual meeting
of
shareholders. The Board intends to nominate Cary T. Fu to succeed Mr. Nigbor
as
Chairman of the Board, effective in May 2009.
“On
behalf of the Board of Directors and the entire Benchmark family, I’d like to
thank Don and Steve for their long-term commitment and service to the Company,”
stated Cary T. Fu, the Company’s Chief Executive Officer. “The three of us
founded Benchmark in 1986. Don and Steve leave a lasting imprint on Benchmark.
They were instrumental in growing the company from a fledgling start-up into
a
multi-billion dollar global company. We owe them a great deal of gratitude
for
their dedicated service over the years.”
Mr.
Nigbor has been a director of the Company since 1986, Chairman of the Board
since May 2001, Chief Executive Officer from May 2001 to September 2004,
and
President from 1986 to May 2001. Mr. Barton has been a director and Executive
Vice President of the Company since 1990, Executive Vice President -Marketing
and Sales from 1988 to 1990, and Vice President from 1986 to 1988. Each will
continue to provide consulting services to the Company through
2009.
Benchmark
Electronics, Inc. provides electronics manufacturing, design and engineering
services to original equipment manufacturers of computers and related products
for business enterprises, medical devices, industrial control equipment,
testing
and instrumentation products, and telecommunication equipment. Benchmark’s
global operations include 20 facilities in ten countries. Benchmark’s Common
Shares trade on the New York Stock Exchange under the symbol BHE.
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