|[June 13, 2011]
Avnet Promotes Gerry Fay to Chief Logistics and Operations Officer, Replacing Retiring Jim Smith
PHOENIX --(Business Wire)--
Inc., (NYSE:AVT) a leading global technology distributor, today
Fay has been promoted to chief global logistics and operations
officer, effective July 4, 2011. Fay, a 16-year electronics industry
veteran, joined the Avnet team via the Memec acquisition in 2005 and has
been a key member of the Avnet Electronics Marketing senior executive
team during this time. Concurrent with this promotion, Fay has also been
named to the Avnet Executive Board, reporting to President and Chief
Operating Officer Rick Hamada.
Gerry Fay promoted to chief global logistics and operations officer for Phoenix, Ariz.-based Avnet, Inc. (Photo: Business Wire)
Fay will assume executive responsibility for Avnet Logistics' global
warehousing, semiconductor programming and integration center services,
and will continue in his current role, leading Avnet Velocity, vnet's
global supply-chain practice.
Fay will also oversee enterprise risk management and the corporate
operational excellence function and resources.
Avnet global logistics operations provide specialized supply-chain and
logistics services for all of Avnet's trading partners throughout the
global electronic components and IT industries. Avnet's logistics
solutions centers ship more than 40,000 line items per day for 300
suppliers and 100,000 customers in 70 countries. Through Avnet Velocity,
Avnet leverages its unique position as a supply-chain thought leader in
the electronic equipment space to help customers across a broad spectrum
of industries improve their supply-chain performance.
"Gerry is a highly adaptable leader who has handled a range of large
scale, complex projects, such as the successful integration of Avnet's
recently acquired company, Bell Microproducts, in the Americas. He's a
respected leader who thrives on developing others and building winning
teams. His high-level thinking is grounded in strategies and tactics
that have proven to accelerate the success of our trading partners,"
Avnet's logistics operations have been led by Jim Smith since 2000.
Smith has announced his retirement, effective Dec. 31, 2011. Fay and
Smith will begin collaborating immediately to ensure a seamless
"I want to express my sincere and heartfelt thanks to Jim for his
contributions to Avnet," Hamada said. "His influence and impact on
accelerating Avnet's success and culture will be felt for many years to
Prior to joining Avnet, Fay was the Americas president of electronic
component distributor Memec. Previously, he held numerous strategic
roles, including chief operations officer for Memec's supply-chain and
logistics group and chief operating officer for ATLAS Services, a
division of VEBA Electronics.
At Avnet, he was named senior vice president of global strategic
accounts for Avnet United and created the Avnet Velocity global
supply-chain practice at Avnet Electronics Marketing.
Fay holds a bachelor's degree in business administration and an MBA from
the University of Redlands, Redlands, Calif. He serves as an executive
board member for the Boys & Girls Club of Metropolitan Phoenix.
About Avnet, Inc.
Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the
largest distributors of electronic components, computer products and
embedded technology serving customers in more than 70 countries. Avnet
accelerates its partners' success by connecting the world's leading
technology suppliers with a broad base of more than 100,000 customers by
providing cost-effective, value-added services and solutions. For the
fiscal year ended July 3, 2010, Avnet generated revenue of $19.16
billion. For more information, visit www.avnet.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6756935&lang=en
[ Back To Business Performance Management's Homepage ]