Gerry Fay Promoted to Global President Avnet Electronics Marketing
PHOENIX--(BUSINESS WIRE)--
Avnet,
Inc. (NYSE:AVT),
a global value-added technology distributor, today announced that it has
promoted Gerry
Fay to serve as global president for Avnet Electronics Marketing,
one of two global operating groups within Avnet. Effective October 1,
2013, Fay will be responsible for the strategic direction, day-to-day
operations and performance of the group globally. Avnet Electronics
Marketing serves electronic original equipment manufacturers (EOEMs) and
electronic manufacturing services (EMS) providers in more than 70
countries, distributing electronic components from leading manufacturers
and providing design-chain and supply-chain services.
Fay joined Avnet in 2005 with the company's acquisition of electronic
component distributor Memec, where he was president of Memec Americas.
Previously, he held numerous strategic roles, including chief operations
officer for Memec's supply-chain and logistics group and chief operating
officer for ATLAS Services, a division of VEBA Electronics. At Avnet, he
was named senior vice president of global strategic accounts for Avnet
United and created the Avnet Velocity global supply-chain solutions
practice at Avnet Electronics Marketing. Currently, he serves as Chief
Logistics and Global Operations Officer and is responsible for global
warehousing, semiconductor programming, computer and integration center
services and operations, global trade compliance and enterprise-wide
risk mitigation. A corporate officer and senior vice president, Fay is a
member of the Avnet Executive Board and will continue to report to Avnet
CEO Rick Hamada.
"Gerry has a proven track record of success and an in-depth knowledge of
Avnet's global business," said Rick Hamada, Avnet chief executive
officer. "In working with Gerry I have come to appreciate his
action-oriented approach and thoughtful contributions to Avnet's
strategies. I believe he has the right mix of leadership skills and
experience that make him an ideal choice to lead Avnet Electronics
Marketing globally."
"I could not be more honored to lead Avnet Electronics Marketing
globally," added Fay. "This is a tremendous opportunity with a
world-class organization, and I look forward to working with the team to
help take our great company to the next level."
Fay succeeds Harley Feldberg, who was promoted to global president of
Avnet Electronics Marketing in July 2004. Feldberg joined Avnet in 1981
and was promoted through a series of progressively more responsible
positions, including serving as president of Avnet Electronics MarketingAmericas and president of Avnet Electronics Marketing Asia. During his
tenure with Avnet, he has held executive posts in sales, marketing and
business management. Feldberg will remain with Avnet to assist in the
smooth transition of leadership.
"We will miss Harley's combination of both strategic insight and focused
execution that has contributed significantly to Avnet's growth and
global leadership in the always dynamic world of electronic components
distribution," Hamada said. "However we understand and respect his
personal decision to step out of his role at this time."
Fay holds a bachelor's degree in business administration and an MBA from
the University of Redlands, Redlands, Calif.
About Avnet Electronics Marketing
Avnet Electronics Marketing is an operating group of Phoenix-based
Avnet, Inc. that serves electronic original equipment manufacturers
(EOEMs) and electronic manufacturing services (EMS) providers in more
than 70 countries, distributing electronic components from leading
manufacturers and providing associated design-chain and supply-chain
services. The group's website is located at www.em.avnet.com.
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 globally. Avnet accelerates its partners'
success by connecting the world's leading technology suppliers with a
broad base of customers by providing cost-effective, value-added
services and solutions. For the fiscal year ended June 30, 2012, Avnet
generated revenue of $25.7 billion. For more information, visit www.avnet.com.
(AVT_IR)
Avnet, Inc.
Investor Relations
Vincent
Keenan
Investor Relations
(480) 643-7053
investorrelations@avnet.com
or
Media
Relations
Joal Redmond
VP, Public Relations
480-643-5528
joal.redmond@avnet.com
Source: Avnet, Inc.
News Provided by Acquire Media