INGRAM MICRO APPOINTS LARRY L. ELCHESEN TO PRESIDENT OF ASIA-PACIFIC.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif. and TORONTO, Canada--(BUSINESS WIRE)--Nov. 26, 1996--Ingram Micro Inc. announced today that Larry L. Elchesen, president of Ingram Micro Ingram Micro, Inc. NYSE: IM a Fortune 100 company founded in 1979 and based in Santa Ana, California. It is the world’s largest technology distributor and a leading technology sales, marketing and logistics company. Canada, has been appointed to president of Ingram Micro Asia-Pacific. Elchesen will be relocating to Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. in January. In this newly created position, Elchesen will be responsible for developing strategies to expand Ingram Micro's Asia-Pacific presence, including building relationships with key vendor and customer partners, as well as strategic acquisitions. "The Pacific-Rim nations are comprised of the fastest growing economies in the world, and as we are expanding our global reach, we are placing significant executive focus in this region," said Jeffrey R. Rodek, president and worldwide COO of Ingram Micro. Rodek continued, "Larry is one of our most talented executives. For the past eight years, he has been the driving force behind Ingram Micro's successful growth strategy in Canada. Under his leadership, we gained the number one market share in Canada in 1995. Larry is the perfect candidate to lead our Asia-Pacific operations." Jerre L. Stead stead n. 1. The place, position, or function properly or customarily occupied by another. 2. Advantage; service; purpose: "His personal relationship with the electorate stands in good stead" , chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ingram Micro added, "In addition to Larry's appointment, I've asked our vice chairman and CEO of Ingram Alliance, David R. Dukes, to work closely with Larry as David has considerable Asia-Pacific experience, and has developed key relationships with our vendor partners in Japan and Korea." In a separate announcement today, Ingram Micro appointed David W. Rutledge to president of Ingram Micro Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , with continuing responsibilities over the company's Export Division. In addition to Latin America and the Export Division, Rutledge was previously responsible for the company's Asia-Pacific operations. In the interim period, Rutledge will serve as acting president of Ingram Micro Canada. Elchesen joined Ingram Industries Ingram Industries is a company based in the United States founded by the late Erskine Bronson Ingram and still owned and run by the Ingram family. Ingram Barge Company was founded by his father, Orrin Henry Ingram. , Ingram Micro's former parent company, in 1986 as corporate credit manager. Over the past 10 years, he excelled quickly and in 1988 was promoted to executive vice president and general manager of Ingram Computer Ltd. in Canada. In 1989, he was named president of Ingram Micro Canada. Ingram Micro Inc. (NYSE NYSE See: New York Stock Exchange :IM), headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, with 1995 sales of $8.62 billion. Worldwide sales for the first three quarters of 1996 totaled $8.47 billion. The company operates in 19 countries and distributes more than 36,000 products to over 100,000 resellers in 120 countries. CONTACT: Ingram Micro Inc., Santa Ana Kirsten Frosh (media) 714/566-1000, Ext. 2727 or Kim Strohm, (investors) 714/566-1000, Ext. 5219 |
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