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The former Micron Technology CFO will serve on the Avnet board’s audit and finance committees.
The decrease, down following two consecutive monthly increases, followed a 0.8% June increase.
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The Chicago Fed National Activity Index (CFNAI) was +0.53 in July, up from –0.01 in June.
Industrial and MRO distributor brings on merchandising, product development and sourcing veteran.
Keatley’s promotion followed the planned retirement of Adrian Blocker, who will stay on through mid-October to serve as a senior advisor.