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AVNET, INC. (Form: 8-K)  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   January 19, 2009

AVNET, INC.
__________________________________________
(Exact name of registrant as specified in its charter)

     
New York 1-4224 11-1890605
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
2211 South 47th Street, Phoenix, Arizona   85034
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   480-643-2000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events.

On January 19, 2009, Avnet issued a press release announcing that John Paget will step down from his current position as the global president of Avnet Technology Solutions ("ATS") effectively immediately and that Phillip Gallagher, currently president of Electronic Marketing Americas, has been promoted to serve as global president for ATS succeeding John Paget. Gallagher’s appointment will be effective March 2, 2009. In the interim, Rick Hamada, chief operating officer of Avnet, will assume the additional role of ATS president. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.
The following materials are attached as exhibits to this Current Report on Form 8-K:

Exhibit
Number Description

99.1 Press Release, dated January 19, 2009.





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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    AVNET, INC.
          
January 20, 2009   By:   /s/ Raymond Sadowski
       
        Name: Raymond Sadowski
        Title: Senior Vice President and Chief Financial Officer

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Press Release, dated January 19, 2009.
EX-99.1

Exhibit 99.1

Media Contact
Michelle Gorel
(480) 643-7653
michelle.gorel@avnet.com

Avnet Names Philip Gallagher Avnet Technology Solutions Global President

Phoenix, Ariz. – Jan. 19, 2009 – Avnet, Inc., (NYSE:AVT) a leading value-added global technology distributor, today announced that it has promoted Phillip Gallagher to serve as global president for Avnet Technology Solutions, one of two global operating groups within Avnet. Gallagher will be responsible for the strategic direction, day to-day operations and performance of the group globally. Gallagher’s appointment will be effective March 2, 2009, and he will report directly to Avnet Chief Operating Officer Rick Hamada, succeeding John Paget. With $7.6 billion in revenue in FY 2008, Avnet Technology Solutions operates in 35 countries covering Asia Pacific, the Americas, and Europe. Avnet Technology Solutions delivers enterprise computing and embedded technology products and solutions from the world’s premier computer manufacturers and software suppliers.

Gallagher is a 26-year veteran with Avnet and currently serves as president of Avnet Electronics Marketing, Americas, a position he assumed in 2004. He has held a number of sales, marketing and operations roles within Avnet with successively higher levels of responsibility during his career. Immediately prior to his current role, Gallagher served as senior vice president of Global Business Development at Avnet Electronics Marketing where he was responsible for global supplier relationships, leading the global account coverage strategy and developing the business migration strategy for Avnet Electronics Marketing.

“In addition to his breadth of experience, Phil also brings a strong track record of performance, personal adaptability, team development, relationship skills, cultural contributions and strategic thinking that provides him a strong platform upon which to continue to build success,” said Hamada. “I am firmly convinced that Phil’s leadership skills, coupled with his experience and strong Avnet foundation, adds up to an excellent choice for the global leader for Avnet Technology Solutions.”

Gallagher was a recipient of Avnet’s prestigious Chairman’s Award in 2001, was named a corporate officer in November 1997 and was promoted to senior vice president of Avnet, Inc. in November 2007.

“I am honored by this new role and have the deepest respect for what the Technology Solutions team has already achieved. I believe there is significant opportunity in every region, and I look forward to challenging myself and the team to take our performance to even higher levels as we move forward.”

Gallagher succeeds Paget who joined Avnet in 2007. Paget is stepping down from his current position, effective immediately, and will assist with the leadership transition. “We thank John for his contributions and wish him well in his future endeavors,” added Hamada, who will be serving as interim global president for the group, in addition to his current responsibilities, until Gallagher has fully assumed his responsibilities in March.
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About Avnet Technology Solutions

Avnet Technology Solutions is an operating group of Phoenix-based Avnet, Inc. As a global technology sales and marketing organization, 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. For fiscal year 2008, the group served customers in more than 35 countries and generated US $7.6 billion in annual revenue. The group’s Web site is www.ats.avnet.com.

About Avnet

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 and by providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2008, Avnet generated revenue of $17.95 billion. For more information, visit www.avnet.com. (AVT_IR)

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