Avnet: What other Dangers Lurk in its Legacy Assets?

Avnet Inc. had grand plans for this week but instead of hosting its scheduled annual Investors’ Day conference the top-tier distributor has returned instead to its restructuring drawing board. It must plug a projected $1 billion sales shortfall in fiscal 2018 and implement a new, global ERP project, sparking afresh concerns that the leadership may…

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…

Avnet Names William Amelio as CEO

Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced that William (“Bill”) J. Amelio has been appointed Chief Executive Officer of the company by the Board of Directors, effective immediately. Mr. Amelio has been acting in the role of interim CEO of Avnet since July 11, 2016. Having spent most of his career in…

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 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…