Avnet Inc. Elects New Corporate Officer.Business Editors/High-Tech Writers NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com PHOENIX--(BUSINESS WIRE)--Sept. 17, 2001 Larry Olson has been elected a corporate vice president by the board of directors of Avnet Inc. (NYSE NYSE See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ). Olson is president of Avnet Kent, a newly created specialized business unit of Avnet Electronics Marketing focusing on the distribution of 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). products to original equipment manufacturers and contract manufacturers. Avnet Kent is the largest specialty components distributor and value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. provider of its kind in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Olson joined Avnet in the June 8, 2001 acquisition of Houston-based Kent Electronics, where he served as president and chief executive officer. "Larry Olson has distinguished himself in the industry as a strong leader and strategist," said Roy Vallee, Avnet's chairman and chief executive officer. "We are most pleased that Avnet has gained this talented individual who has already made significant contributions toward the growth and long-term success of Avnet Kent. We welcome Larry as our newest corporate officer," Vallee added. Phoenix-based Avnet Inc., a Fortune 500 company with annual sales exceeding $12.8 billion, is one of the world's largest technology marketing and services providers, distributing semiconductors, interconnect, passive and electromechanical components, computer products and enterprise solutions, and embedded 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's Web site is located at www.avnet.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.091701/bb6 |
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