William Austen, a Board Member, has been named Interim President and CEO or Arrow Electronics to succeed Sean Kerins.
Latest In Arrow Electronics
The company cited a persistent “broader ecosystem inventory correction” causing a challenging market.
ArrowSphere platform now provides channel partners and vendors access to Arrow’s services through a single interface.
More than a handful of companies on MDM's 2022 Top Distributors list garnered the reputation-based honor from Fortune.
The Colorado-based company named Sean J. Kerins president and CEO and posted 1Q sales of more than $9 billion.
Christopher D. Stansbury is expected to depart from the company Friday, Colorado-based distributor Arrow Electronics said.
The electronic components distributor reported 2021 4Q sales of $9.02 billion and year-end sales of $34.48 billion.
The company’s board of directors approved plans to re-buy up to $600 million of common stock through a share repurchase program.
Electronic components distributor had 2021 third-quarter sales of more than $8.5 billion, an 18% increase over the same period in 2020.
