Avnet Ranks Among Fortune's 'Most Admired Companies'
PHOENIX, Mar 06, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT), a global technology distribution and services company, announced today that it has been named to the America's Most Admired Companies list by Fortune magazine. This year, Avnet moved up two rankings to be in the top 5 most admired companies in the Electronics and Office Equipment Wholesaler category. In addition, Avnet was ranked No. 1 in Arizona, where it is headquartered.
"Avnet has consistently invested in building a premier organization that focuses on providing value to our customers, suppliers and shareholders. Our employees deliver on that promise every day, and they are the ones who really deserve this award," said Avnet Chairman and CEO Roy Vallee. "Being recognized as one of America's most-admired companies demonstrates that their hard work is making a difference."
Described as the "definitive report card on corporate reputations," Fortune's rankings are based on a survey of 10,000 executives, directors, and analysts asked to rate companies in their own industry on eight criteria. Firms are rated on innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products and services. Only the best are listed as most admired. For more information about the Fortune list of "America's Most Admired Companies," visit http://www.fortune.com.
About Avnet
Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic components, computer products and technology services and solutions with more than 250 locations serving 70 countries worldwide. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended July 1, 2006, Avnet generated revenue of $14.25 billion. For more information, visit www.avnet.com/ (AVT_IR)
SOURCE: Avnet, Inc.
Avnet, Inc. Michelle Gorel, 480-643-7653 (Media) michelle.gorel@avnet.com
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