Dick Borsboom Selected as President of Avnet Technology Solutions, EMEA
NETTETAL, Germany, Apr 12, 2007 (BUSINESS WIRE) -- Avnet Technology Solutions, an operating group of global technology distributor Avnet, Inc. (NYSE: AVT), today announced the appointment of Dick Borsboom as president of Avnet Technology Solutions, EMEA, effective immediately. As president, Borsboom will be responsible for the strategic direction and growth of Avnet's computing business in Europe, Middle East and Africa (EMEA). Currently, the Technology Solutions group in EMEA generates US$1.3 billion in revenue and delivers computing technology to resellers, system integrators, system builders and embedded OEMs in 14 countries across Europe while continuing to expand its presence. Borsboom will report to John Paget, president, Avnet Technology Solutions, worldwide.
The appointment of Borsboom further strengthens Avnet's European leadership team. He brings to the company more than 13 years of distribution industry experience, including positions in business management, finance, HR and IT.
"Dick brings a wealth of experience and shares our sense of commitment to our team members," said Paget. "We're delighted to have someone with such a broad background in business and operational excellence. I'm confident he and his team have the skills and capabilities to expand Avnet Technology Solutions' European leadership in value-added distribution."
Borsboom most recently served as chief financial officer and vice president of Finance, HR and IT at Flexsys Coordination Centre N.V. in Belgium, where he had a proven record of double-digit profit growth. His experience also extends to mergers and acquisitions. Prior to that position he served as chief financial officer for Bell Microproducts in the United States. He also previously worked as group chief financial officer for VEBA Electronics LLC in Germany, which was the spin-off of the IT distribution activities of Raab Karcher. The European part of VEBA Electronics was later acquired by Avnet. Borsboom also holds a Masters Degree in Economics from the University of Tilburg, The Netherlands.
"Joining a company as strongly positioned as Avnet for growth in the region is an exceptional opportunity," said Borsboom. "The leadership team is experienced and understands how to connect business partners with market opportunities that are aligned with our suppliers' strategies. Avnet has a proven track record of growth, and I look forward to taking the business to the next level of success in Europe."
Avnet Technology Solutions, EMEA, consists of four successful divisions: Avnet Computing Components, the leading provider of AMD and complementary technology products, information and services; Avnet Applied Computing Solutions, a provider of embedded solutions for OEMs; Avnet Partner Solutions, a value-added distributor of enterprise software, storage and servers; and Avnet Visual + Data Solutions, which specializes in the supply and service of visual information technology from EIZO and Thin Client, storage and network/security solutions.
About Avnet Technology Solutions
Avnet Technology Solutions is an operating group of Avnet, Inc. (NYSE:AVT) representing US$5.1 billion in annual revenue for calendar year 2006, with locations in more than 30 countries. As a global technology sales and marketing organisation, Avnet Technology Solutions has sales divisions focused on specific customer segments and a select line card strategy enabling an exceptional level of attention to the needs of its customers and suppliers.
About Avnet Inc.
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)
Notes for editors:
Additional information about Avnet Technology Solutions GmbH in Nettetal is available from: Kirsten Klatt, European Communications Director, Tel.: +49 (0)2153 733-328
SOURCE: Avnet Technology Solutions
Avnet Technology Solutions Editorial Contact in the U.S. Michelle Gorel, Vice President, Public Relations 480-643-7653
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