Arrow Electronics Elects Stephen C. Patrick to Its Board of Directors.Business Editors/High-Tech Writers MELVILLE, N.Y.--(BUSINESS WIRE)--July 22, 2003 Arrow Electronics, Inc. (NYSE NYSE See: New York Stock Exchange :ARW ARW Air Refueling Wing ARW Advanced Research Workshop ARW Associated Resume Writers ARW Army Ranger Wing (Irish Special Forces) ARW American Revolutionary War ARW Angle Random Walk ARW Aeroelastic Research Wing ) today announced that Stephen C. Patrick, 53, has joined its Board of Directors. Mr. Patrick will be an independent director, continuing Arrow's commitment to maintain a substantial majority of independent directors on its Board. "In today's environment, the commitment of outstanding and independent directors is more important than ever, and we are thrilled to welcome Mr. Patrick to our Board of Directors," stated William E. Mitchell, President and Chief Executive Officer of Arrow. "His broad based business experience, both domestic and international, and extensive finance background make him a valuable addition to our Board." Mr. Patrick is Chief Financial Officer of the Colgate-Palmolive Company (NYSE:CL), a leading consumer products company with 2002 sales of $9.3 billion and a market capitalization of $31 billion, whose products in Oral, Personal, and Household Care and Pet Nutrition are manufactured and marketed in over 200 countries. Mr. Patrick joined Colgate-Palmolive from Price Waterhouse in 1982. After various positions of increasing responsibility, Mr. Patrick was promoted to Colgate-Palmolive Company's Chief Financial Officer in 1996. Mr. Patrick, who is a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. in the state of Connecticut, received his Bachelor's Degree from the City University of New York The City University of New York (CUNY; acronym: IPA pronunciation: [kjuni]), is the public university system of New York City. and his Master's Degree from the University of Rhode Island History The University was first chartered as the state's agricultural school in 1888. The site of the school was originally the Oliver Watson Farm, and the original farmhouse still lies on the campus today. . He is Vice President of the Financial Accounting Foundation (Trustees for the Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). ). Arrow Electronics is one of the world's largest distributors of electronic components and computer products and a leading provider of services to the electronics industry. Headquartered in Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. , Arrow serves as a supply channel partner for more than 600 suppliers and over 150,000 original equipment manufacturers, contract manufacturers, and commercial customers through more than 190 sales facilities and 21 distribution centers in 40 countries. Detailed information about Arrow's operations can be found at www.arrow.com. |
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