Avnet forms new OEM Marketing Group.CULVER CITY, Calif.--(BUSINESS WIRE)--June 24, 1996--Avnet, Inc. today announced the formation of the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and (Original Equipment Manufacturer) Marketing Group (OMG (1) See Object Management Group. (2) "Oh my God!" See digispeak. OMG - Object Management Group ). As a member of Avnet's Electronic Marketing Group (EMG EMG abbr. electromyogram Electromyography (EMG) A diagnostic test that records the electrical activity of muscles. ), this new operating group is composed of the following: -- Hamilton Hallmark and Hamilton Hallmark Technologies -- Time Electronics and Avnet Cable Technologies -- Penstock and the PSElect value-added services division "By organizing the OEM Marketing Group, Avnet will now be able to offer all of its value-added capabilities to its customers more effectively," said Leon Machiz, Avnet's Chairman and Chief Executive Officer. The formation of the OMG has resulted in the following promotions: -- Steve Church from President of Hamilton Hallmark to President of the OMG -- Charles Smith from Senior Vice President of Sales and Field Operations to President of Hamilton Hallmark -- Tony DeLuca from Chief Information Officer and Director of European Operations to CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. and Director of Global Operations for Avnet EMG -- Don Sweet from Senior Vice President of Materials Management and Supplier Contracts to Senior Vice President and Director of Global Supplier Management for Avnet EMG -- Bruce Evashevski from Senior Vice President of Finance to Senior Vice President and Director of Global Strategic Planning for Avnet EMG -- John Clark from Senior Vice President of Administration to Senior Vice President and Director of North American Administrative Operations for Avnet EMG "We are pleased to recognize the contributions of these senior executives by promoting them into these important new roles," stated Roy Vallee, Avnet's Vice Chairman, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "The formation of the OMG, coupled with the promotion of these six key individuals, positions Avnet for an exciting future." Headquartered in Great Neck, N.Y., Avnet, Inc. (NYSE NYSE See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ) is a Fortune 500 company with annual sales exceeding $5 billion. Avnet EMG, Avnet's largest operating group, consists of the OEM Marketing Group (OMG), Computer Marketing Group (CMG) and Industrial Marketing Group (IMG IMG International medical graduate, see there ), as well as Avnet EMG International. The group markets, inventories and adds value to the products of the most prestigious U.S. electronic components and equipment manufacturers. CONTACT: Avnet EMG, Culver City Mark Wood, Vice President, Director of Marketing Communications, 310/558-2708 |
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