Future Electronics Adding Suppliers on Growth Spurt

Future Electronics Inc. has been adding to its roster of component suppliers and expanding franchise distribution contracts with existing vendors on rising demand for the services of the global distributor and as the electronics industry prepares for what forecasters see as a renewed burst of growth in several market sectors. After several years of slow…

Electrocomponents Names Culver President of RS as it Bulks up for Growth

Electrocomponents PLC has named Marianne Culver president of RS Components, appointing a seasoned industry executive with experience in distribution and logistics to head one of the U.K.-based distributor’s biggest operating divisions. Culver’s appointment is the latest in a string of executive decisions by group CEO Lindsley Ruth to strengthen the company’s management team as it…

A Year in Distribution: America II Looks Back and Ahead

In terms of the general global economy in 2016 it’s hard to identify many coherent overall trends. The broad economic picture has felt fairly flat as reported by most industry associations, with neither astronomic growth nor considerable decline. While there have been minor ups and downs, concerns around major slowdowns in the US, Asia and…

Avnet Doubles Down on Temporary Turmoil; Will it Work?

Perhaps Avnet Inc. should not have built a technology system sales and support unit to complement its core electronics components distribution operation but by agreeing to sell the division to Tech Data the company has layered on another level of complexity to an already challenged business, thereby increasing the likelihood of a major misstep that…

Electrocomponents: Stabilized, Growing and Ready for Acquisitions

Electrocomponents PLC is getting closer to where Lindsley Ruth wants the company to be when he joined as group CEO nearly 18 months ago. Last week, the electronics components distributor announced financial results that appear to justify a recent management overhaul, product realignment and other strategic reorganization actions initiated in mid-2015. Analysts, shareholders and other…

Avnet Will Likely Appoint Amelio Substantive CEO

Avnet Inc. will most likely within the next few months approve the appointment of William Amelio as its substantive CEO, dissipating the cloud of uncertainty at the apex of the electronics component distributor and high-tech systems integrator. Amelio was recently named interim CEO of the company following the departure of Rick Hamada, a 30-years-plus employee…

Avnet Bid May Spark Bidding War for Premier Farnell

If Avnet Inc. really wants Premier Farnell plc, it will have to write a much bigger check than the £691 million ($912 million) it has offered for the company. The acquisition target’s market value surged to nearly £729 million only one day after Avnet made its bid, indicating investors believe the British distributor can attract…

Avnet CEO Search Challenge: Internal vs. External Candidates

Avnet Inc. only recently named William Amelio interim CEO but the board of directors must move quickly to appoint a substantive leader for the global electronics components distributor. As one of the industry’s biggest players, Avnet cannot afford to be perceived as a rudderless enterprise or one without a proven leader with a clear vision…