"During the past 12 years, Gerry has contributed immeasurably to Avnet"
PHOENIX--(BUSINESS WIRE)--Avnet (NYSE: AVT) announced today that Gerry Fay, president of Avnet
Electronics Marketing (EM), has decided to step down from his position
and will depart the company to pursue external opportunities. As a
result, other leadership and organizational changes are being made to
streamline operations and better position Avnet for long-term profitable
“During the past 12 years, Gerry has contributed immeasurably to Avnet,”
said William Amelio, CEO of Avnet. “On behalf of the Board and
management team, we sincerely thank Gerry for his important
contributions toward building the great business that we have today, and
we fully support him in this decision.”
Moving forward, Avnet’s regional presidents will report directly to CEO
William Amelio. Fay will stay on for a period of time to facilitate a
smooth transition with Avnet’s customers and technology suppliers.
“Avnet has a long history of adapting to change while staying focused on
helping our customers bring new products to market,” said Amelio. “Our
business strategy is undergoing a transformation, and we have strong
leaders in place to deliver on this strategy. I’m confident that the
team will maintain a laser focus on providing world-class distribution
and design and supply chain services to our customers and suppliers.”
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proprietary interest in marks other than its own.
From components to cloud and design to disposal, Avnet (NYSE: AVT)
accelerates the success of customers who build, sell and use technology
globally by providing them with a comprehensive portfolio of innovative
products, services and solutions. For more information, visit www.avnet.com.