Arrow’s Andy King: Building Customer Connections

Andy King has been president of Arrow Electronics Inc.’s global components business for a little over six months, half a year or two fiscal quarters. Calendar 2015 was a year the electronics distribution industry was happy to put in its rear-view mirror. According to the EPSNews Top 50 Distributors report, the North American franchised distribution industry grew…

Distribution Tackles Market Upheaval with Executive Overhaul

The electronics distribution industry is experiencing significant changes in the ranks of its senior executives as the sector fights to spur growth and reverse years of lackluster performance. That’s what happens when companies don’t perform as well as expected but recent changes at the apex of the leading distribution companies indicate the sector may be…

Electronics Inventory Falls as Industry Frets over Outlook

Electronics inventory levels have been falling over the last year as OEMS, contract manufacturers, component suppliers and distributors concerned about conflicting economic signals kept up a conservative management strategy that has kept stocks close to historically low heights. While industry executives generally say they remain optimistic about the outlook for their various enterprises, the inventory…

Arrow Electronics Sales Up 2% For 2015

Arrow Electronics, Inc. (NYSE:ARW) today reported fourth-quarter 2015 net income of $158.5 million, or $1.69 per share on a diluted basis, compared with net income of $116.2 million, or $1.18 per share on a diluted basis, in the fourth quarter of 2014. Excluding certain items1, net income would have been $182.1 million, or $1.94 per share on a diluted basis, in the fourth quarter of…

Andy Bryant to Retire as COO of Arrow Electronics

Arrow Electronics Inc. said Andrew Bryant will retire in April, only two years after his appointment as chief operating officer and confirming the company’s intention to position a cadre of younger executives to in future replace chairman, president and CEO Michael Long. Bryant, 60, joined Arrow in 2008 and headed the company’s global enterprise computing…

Arrow, Cadence Collaborate on Integrated Design Tools

Arrow Electronics (NYSE: ARW) and Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced a collaboration that will bring integrated design tools to engineers, helping them accelerate the pace of new product development and get products to market faster and cheaper. As part of the collaboration, the companies plan to allow engineers using the Cadence® OrCAD®…