Avnet appoints Phil Gallagher to its Board of Directors as CEO

– USA, AZ –  Avnet, Inc. (NASDAQ: AVT), a leading global technology distributor, today announced the appointment of Phil Gallagher, a 37-year Avnet veteran to its Board of Directors as CEO, effective immediately.

Mr. Gallagher has been in the role of interim CEO of Avnet since August 2020.

“The Board of Directors is pleased with the appointment of Phil as Avnet’s CEO. His steady hand and his consistent commitment to the technology industry will benefit all of our stakeholders,” said Board Chairman, Rodney Adkins. “In today’s dynamic global market, we are confident that Phil’s back to basics approach, as well as his experience and vision for the future, will enable Avnet to continue delivering value to our customers, supplier partners, employees and shareholders.”

About Phil Gallagher

Gallagher has held executive leadership positions in sales, marketing, and operations during his tenure at the company. Before his interim CEO position, he was the Global President of Avnet’s Electronics Components business. Gallagher was formerly the President of the National Electronic Distributors Association and currently serves on the advisory board of Women in Electronics.

“It is an honor to be named Avnet’s CEO,” said Gallagher. “We sit firmly in the center of the technology value chain and therefore have a tremendous opportunity to build our leadership and market position as we help our customers and suppliers meet their evolving needs. As the company enters its centennial year in 2021, our strategy will build on Avnet’s core distribution business by leveraging our talented people and strong relationships to deliver profitable growth. I am extremely excited about our future.”

About Avnet

Avnet is a global technology solutions provider with an extensive ecosystem delivering design, product, marketing, and supply chain expertise for customers at every stage of the product lifecycle. We transform ideas into intelligent solutions, reducing the time, cost, and complexities of bringing products to market. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology.

For more information: https://www.avnet.com/

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