Avnet Applied Computing Announces New Group Financial Officer.Business Editors & Technology Writers PHOENIX--(BUSINESS WIRE)--May 8, 2002 Avnet Applied Computing, a global distributor of computing technologies and an operating group of Avnet, Inc (NYSE NYSE See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ), today announced the appointment of Bill Crowell as vice president and group financial officer. Crowell will have global responsibility for the management and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. of all financial activities for Avnet Applied Computing. He will report directly to Avnet Applied Computing President Ed Kamins and will join Kamins' executive board. Crowell replaces Ross Crane, who recently joined Avnet Electronics Marketing, Avnet's largest operating group, as group financial officer. Crowell joins Avnet Applied Computing from Microtest, Inc., where he was chief financial officer, treasurer and secretary. In this position, he was responsible for all internal and external finance and accounting, IT and legal matters. Prior to that, Crowell held the position of senior vice president of Finance and Acquisitions and vice president of Financial Services for Rural/Metro Corporation, an international health and safety service company. He has also held senior level positions for several other public and private companies following a career he began at Arthur Andersen, LLP LLP - Lower Layer Protocol . "We are delighted that a financial executive of Bill's caliber is joining Avnet Applied Computing," said Kamins. "With more than twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. experience, including vice president and chief financial officer at several well-respected, enduring companies, Bill is the seasoned executive we were seeking for the position. Ross Crane has done an outstanding job in helping build Avnet Applied computing to the nearly $2 billion business it is today. We wish him well in his new assignment." Crowell holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Finance and Accounting from the University of Arizona (body, education) University of Arizona - The University was founded in 1885 as a Land Grant institution with a three-fold mission of teaching, research and public service. , and successfully completed the Graduate Program at the Wharton School of Business, University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . About Avnet Applied Computing Launched in October 1999, Avnet Applied Computing is Avnet's newest and fastest growing operating group, with operations in North America, Europe and Asia. Avnet Applied Computing has structured itself to serve original equipment manufacturers and system builders that use computing technologies such as CPUs, mass storage, displays, embedded computing boards, commercial motherboards, memory modules, networking and software products. Its related services include engineering assistance, supply-chain management, financing, physical distribution and integration of end products. Its web site is located at www.aac.avnet.com. About Avnet Phoenix, Arizona-based Avnet, Inc. (NYSE:AVT) is a Fortune 500 company, serving customers in 63 countries, with fiscal 2001 sales of $12.8 billion (year ended June 30, 2001). Avnet, a global technology marketing and services company, is one of the world's largest distributors of semiconductors, interconnect, passive and electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). components, embedded systems and computer products from leading manufacturers. |
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