Arrow CFO Leaving Company

Christopher D. Stansbury is expected to depart from the company Friday, Colorado-based distributor Arrow Electronics said.
On July 21, Fort Wayne, Indiana-based electrical distributor Franklin Electric Co. Inc. announced two new team members to its growing Industrial and Engineered Systems business unit.

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.

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