Avnet names next CEO

13 April 2011 News

Avnet’s board of directors has promoted Rick Hamada, 53, to chief executive officer (CEO), effective 4 July 2011, concurrent with the beginning of the company’s new fiscal year. Hamada, who currently serves as the global technology distributor’s president and chief operating officer (COO), has also been appointed to the company’s board of directors, effective immediately. Roy Vallee, Avnet’s current chairman and CEO, will continue to serve as executive chairman. These moves are a culmination of a multiyear CEO succession planning process.

Hamada has been with Avnet since 1983 and has a strong track record of performance and team success. He started his career with Avnet as a technical support specialist and rose through the ranks to take on key leadership responsibilities in sales, marketing and business development. In July 2006, Hamada was named COO and has been directly responsible for Avnet’s Electronics Marketing and Technology Solutions operating groups, as well as global logistics operations, information technology, operational excellence and business innovation.

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