Avnet Electronics Marketing President Brian Hilton to Retire on June 30; Avnet Veteran Andrew Bryant to Assume Hilton's Post; Richard Hamada to Take President's Post at Avnet Computer Marketing
Avnet, Inc. (NYSE:AVT) chairman and CEO Roy Vallee today announced the June 30, 2002 planned retirement of Brian Hilton, president of Avnet's largest global operating group, Avnet Electronics Marketing, with fiscal year 2001 sales of $8.29 billion. For Hilton's successor, Vallee has tapped a 20-year Avnet veteran, Andrew (Andy) Bryant, who is currently the president of Avnet Computer Marketing, the company's $2.85 billion global operating group specialising in the marketing of enterprise computing products. In turn, 18-year Avnet veteran Richard (Rick) Hamada has been promoted to president of Avnet Computer Marketing, effective immediately.
Brian Hilton enjoyed a 30-year career at Motorola, culminating with his post as corporate vice president and director of world marketing for Motorola Semiconductor Products Sector. Avnet's Vallee recruited him in 1997 to lead the charge as the company expanded its electronic components distribution business in Asia. It was agreed at the time that Hilton would work full-time for about five years.
Vallee said, "It seems like just yesterday that Brian joined us, and in terms of his contributions, there are just so many. In his four-plus years with Avnet he has been key to building Avnet Electronics Marketing's Asia business and expanding our presence in Europe, the Middle East and Africa (EMEA) -- and he has just led Avnet Electronics Marketing/Global through the worst components correction in history." Vallee continued, "I'm pleased that Brian plans to continue his association with Avnet after his official retirement."
Andrew Bryant began his 23-year industry career in 1978 with Hamilton/Avnet Electronics, where he spent more than a decade distinguishing himself in various sales and marketing positions. He joined a competitor for a brief period of time, and returned to Avnet in 1991 as director of teleservices at Avnet Computer (now Avnet Enterprise Solutions). He was promoted to president of Avnet Computer in 1996 and was promoted to president of Hall-Mark Computer Products (now Avnet Hall-Mark), a division of Avnet, in 1998. In July 1999 he was promoted to president of Avnet Computer Marketing, replacing retiring Rich Ward.
"Under Andy Bryant's capable leadership, Avnet Computer Marketing revenues have grown approximately 55 percent (not including the acquisition of Kent Datacomm) and the operating group has completed three successful post-acquisition integration's - JBA, Savoir and Kent Datacomm," said Vallee. "Avnet Computer Marketing has solidified its position as the industry leader within its peer group by delivering consistent profitability, coupled with strong market share positions. Andy's performance has been stellar at Avnet Computer Marketing, and we expect to see similar results at Avnet Electronics Marketing. It is notable that Andy has experience in both operating groups and has spent more of his career in electronic components distribution than in enterprise computing," Vallee added.
Bryant was elected a corporate vice president and officer of Avnet, Inc. in November 1996, and was promoted to senior vice president in November 1999. A graduate of the University of Maryland, Bryant holds a BA degree in history with a minor in economics.
Starting in February, Bryant and Hilton will be working closely throughout the remainder of the fiscal year to ensure a smooth and professional transition.
"As to the next generation of leadership at Avnet Computer Marketing, I'm also very proud to note that Andy has groomed an excellent successor in Rick Hamada," Vallee said. "Rick is a talented executive with experience in both the single-tier and two-tier businesses at Avnet Computer Marketing and he has an excellent track record of successes."
Hamada currently serves as president of Avnet Computer Marketing, Hall-Mark Divison, (Avnet Hall-Mark) North America, overseeing its six specialised and focused business units. Under his guidance over the last two and a half years, Avnet Hall-Mark revenues have grown approximately 75 percent and Hamada has been recognised as a top performer in sales and profits among his peers in the computer distribution business. Joining Avnet Computer in 1983 as a technical specialist, his career evolved to include sales and marketing roles. From 1994 to mid-1997, Hamada served as vice president of marketing for Hall-Mark Computer Products. Later in 1997 he was named senior vice president, sales and marketing, for Avnet Computer. Prior to assuming the role of president of Avnet Hall-Mark , Hamada served as executive vice president of Avnet Computer .Hamada was elected a corporate vice president and officer of Avnet, Inc. in December 1999. He is a graduate of San Diego State University with a bachelor's degree in finance.
Bryant and Hamada will spend the month of January transitioning, according to Vallee; and after considering candidates and structural options, Hamada will then announce his successor to the office of president of Avnet Hall-Mark.
Phoenix-based Avnet, Inc., a technology marketing and services organisation, is a Fortune 500 company and one of the world's largest distributors of semiconductors, interconnect, passive and electromechanical components, enterprise network and computer equipment, and embedded sub-systems from leading manufacturers.
Serving customers in 63 countries, Avnet markets, inventories and adds value to these products and provides world-class supply-chain management and engineering services. Avnet comprises three operating groups, Avnet Electronics Marketing, specialising in electronic components; Avnet Computer Marketing, specialising in systems integration and distribution of enterprise computing products; and Avnet Applied Computing, focusing on solutions integration and distribution of embedded subsystems. Avnet's Web site is located at http://www.avnet.com
For further information please contact:
Tracey Farrant/Jonathan Batty
Tel: 01753 790700
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