Avnet’s Next Test: Avoiding the Serial Restructuring Trap

Avnet Inc. Is mending. It is not hale and hearty yet, though, and as it revels in recent financial wins, the distributor confronts a new challenge: shaking off the impression that it has fallen into an inescapable restructuring corkscrew. The perception that Avnet is perennially retooling operations clashes hard with the image that CEO William…

Arrow Electronics: A Necessary Evolution in a Perilous Market

Arrow Electronics Inc. is knee-deep in the most consequential evolution in its history, one that has the potential to result in a complete transformation of its business and heavily impact the entire electronics value chain by forcing a reshaping of the design, engineering, new product introduction, procurement and the entire supply chain. Once finished, the…

Avnet Begins Execution of CEO Amelio’s Transformation Vision

William Amelio has been anything but quiet at Avnet Inc. but anyone who has a different thought will find out sometime in a few weeks when the new CEO unveils details of his transformational plans for the top-tier distributor. The company is already a radically different organization – having sold its technology solutions (TS) business…

Fay Departs Avnet; Mgmt. Realigned

Avnet Inc. 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 growth. “During the past…

Electrocomponents Outlines Reorganization Actions, Goals

Delivering on a promise made six months ago, Electrocomponents PLC has announced a series of cost-control and reorganization actions aimed at restoring growth at the components distributor and revitalizing its operations across the globe. The measures range from previously announced new management appointments to the closure of some facilities in Asia and the realignment of…

Flextronics Trims, Acquire in bid to Win

Flextronics International Ltd.’s strategy for achieving financial stability seem simple enough except that, these days, drastic cost-cutting involving plant closures don’t necessarily go well with aggressive small and medium-size acquisitions. There’s a method to the madness, though, and company executives in recent presentations to analysts and investors have insisted this strategy is helping the contract…