Electronic components distributor Arrow Electronics Inc. (NYSE: ARW) of Centennial, Colorado, says Chief Financial Officer and Senior Vice President Christopher D. Stansbury will leave the company Friday.
“Arrow Electronics has retained the services of an executive recruitment firm and a search for a new chief financial officer is underway,” the company said in a statement.
Rick Seidlitz — vice president, corporate controller and principal accounting officer — will assume the responsibilities of principal financial officer for an interim period, Arrow said.
“Mr. Stansbury’s departure is not related to the Company’s operations, financial reporting, or controls,” Arrow said.