Avnet (AVT) CEO Hamada Resigns; Interim CEO Named; Q4 Outlook Trimmed

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Avnet Names William Amelio Interim CEO

July 11, 2016 7:00 AM EDT

Company Issues Revised Guidance for Q4 2016

PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, announced today that William (Bill) J. Amelio, a member of Avnets Board of Directors, has been named as interim Chief Executive Officer of the company, effective immediately. Mr. Amelio brings more than 35 years of management and industry experience to his new role having served in senior positions at global publicly traded companies, and has spent most of his career managing global technology enterprises. Mr. Amelio is replacing Rick Hamada,... More