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Avnet, Inc. (AVT)

42.33 Down 1.11(2.56%) 4:02PM EDT
|After Hours : 42.33 Down 0.00 (0.00%) 4:20PM EDT
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Avnet, Inc.
2211 South 47th Street
Phoenix, AZ 85034
United States - Map
Phone: 480-643-2000

Index Membership:N/A
Industry:Electronics Wholesale
Full Time Employees:18,500

Business Summary 

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates in two segments, Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors; interconnect, passive, and electromechanical devices; and embedded products and embedded computing solutions, including technical design, integration, and assembly services to developers of application-specific computing solutions in the non-PC market. It also provides engineers with a host of technical design solutions in support of the sales process of complex products and technologies; engineering and technical resources to support product design, bill of materials development, design services, and technical education and training; and supply chain services focused on original equipment manufacturers (OEMs), electronic manufacturing services providers, and electronic component manufacturers. This segment primarily serves electronic component manufacturers in automotive, communications, computer hardware and peripheral, industrial and manufacturing, medical equipment, and military and aerospace industries. The TS segment markets and sells mid-to high-end servers, data storage, and software, as well as provides services required to implement products and solutions to the value-added reseller channel. It also focuses on the worldwide OEM market for computing technology, system integrators, independent software vendors, and non-PC OEMs that require embedded systems and solutions, including engineering, product prototyping, integration, and other value-added services. This segment also provides hard disk drives, microprocessors, motherboards, and DRAM module technologies to manufacturers of general-purpose computers and system builders. The company was founded in 1955 and is headquartered in Phoenix, Arizona.

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Corporate Governance 
Avnet, Inc.’s ISS Governance QuickScore as of Jul 1, 2014 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 3; Compensation: 1.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Richard P. Hamada , 56
Chairman of Exec. Board, Chief Exec. Officer, Chairman of Global Exec. Council and Director
Mr. Kevin Moriarty , 49
Chief Financial Officer, Sr. VP, Controller, Assistant Sec. and Member of Exec. Board
Mr. Philip R. Gallagher , 53
Sr. VP, Member of Exec. Board and Global Pres of Avnet Technology Solutions
Ms. MaryAnn G. Miller , 57
Chief HR Officer & Corp. Communications, Sr. VP and Member of Exec. Board
Mr. Steven R. Phillips , 51
Chief Information Officer, Sr. VP and Member of Exec. Board
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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