Company makes its first appearance on FORTUNE Global
500 list
PHOENIX--(BUSINESS WIRE)--
FORTUNE magazine announced today that global technology
distributor Avnet,
Inc. (NYSE: AVT)
ranked No. 414 on the 2012
FORTUNE Global 500, a list of the world's largest
corporations. With $26.5 billion in sales in fiscal year 2011, Avnet
appeared on this global list for the first time in its history. In
addition, Avnet was previously named No. 108 on the 2012 FORTUNE
500 list of largest U.S. companies, and No. 1 on the 2012 FORTUNE'S
World's Most Admired Companies list in the Wholesaler: Electronics
and Office Equipment category for the fourth year in a row.
"Avnet's emergence onto the FORTUNE Global 500 list is a direct
result of our team's commitment to accelerating the success of our
valued customer and supplier partners around the globe," said Rick
Hamada, CEO of Avnet, Inc. "This milestone ranking is a reflection of
Avnet's long-term strategy to leverage our global scale and scope into
local benefits for our partners, while continuing to invest in
profitable growth through both organic initiatives and value-creating
acquisitions."
Companies are ranked on the FORTUNE Global 500 by total revenues
for their respective fiscal years. For more information about the list,
please visit: http://money.cnn.com/magazines/fortune/global500/2012/full_list/.
About Avnet, Inc.
Avnet, Inc. (NYSE: AVT), a FORTUNE 500 company, is one of the
largest distributors of electronic components, computer products and
embedded technology serving customers in more than 70 countries
worldwide. Avnet accelerates its partners' success by connecting the
world's leading technology suppliers with a broad base of more than
100,000 customers by providing cost-effective, value-added services and
solutions. For the fiscal year ended July 2, 2011, Avnet generated
revenue of $26.5 billion. For more information, visit www.avnet.com.
(AVT_IR)
Avnet and the Avnet logo are trademarks of Avnet, Inc. in the United
States and other countries.
Avnet, Inc.
Michelle Gorel, 480-643-7653
Vice President,
Public Relations
michelle.gorel@avnet.com
or
Brodeur
Partners, for Avnet
Marcia Chapman, 480-308-0284
mchapman@brodeur.com
Source: Avnet, Inc.
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