Printer Friendly

CHIP LACY APPOINTED TO THE BOARD OF DIRECTORS OF INGRAM INDUSTRIES; CHIEF EXECUTIVE OFFICER OF INGRAM MICRO JOINS PARENT COMPANY'S BOARD

CHIP LACY APPOINTED TO THE BOARD OF DIRECTORS OF INGRAM INDUSTRIES;

CHIEF EXECUTIVE OFFICER OF INGRAM MICRO JOINS PARENT COMPANY'S BOARD
 SANTA ANA, Calif., June 4 /PRNewswire/ -- Ingram Micro announced that Co-Chairman and Chief Executive Officer Linwood A. (Chip) Lacy Jr. has been appointed to the board of directors of Ingram Industries, parent company of Ingram Micro Inc.
 E. Bronson Ingram, president of Ingram Industries Inc. said, "Chip runs our biggest business and is the acknowledged leader of the microcomputer distribution world. His expertise in overall distribution, mass merchandising, and marketing, as well as his financial expertise and strategic focus make him an obvious candidate and welcome addition to the Ingram board."
 Lacy was appointed the chairman and chief executive officer of Ingram Micro D Inc. in 1989 upon the merger of Micro D Inc. and Ingram Computer Inc. He had been the chairman and chief executive officer of Micro D Inc. since 1985. The merged company subsequently dropped the "D" from its name.
 Since his appointment to head Ingram Micro in 1989, the company has achieved sales of $1.01 billion in 1989, $1.45 billion in 1990 and $2.01 billion in 1991. This record sales growth has made Ingram Micro preeminent in the U.S. market, and in the last 2 1/2 years, Lacy has orchestrated the company's expansion into international markets. Today the company operates subsidiaries in Canada, the United Kingdom, Belgium, France, Holland and Italy.
 Lacy has long been a visible personality in the microcomputer industry, serving on a variety of discussion panels at industry forums. A major industry trade publication has frequently named him to its annual list of the 25 most influential executives in the microcomputer industry.
 Before joining Ingram Micro, he had served as the senior vice president of marketing and merchandising, in addition to having held other senior management positions, with Best Products Co. Inc., a showroom retailer based in Richmond, Va. Lacy has also served as president and executive vice president of O.G. Wilson Jewelers and Distributors, a division of Zale Corp. of Dallas.
 He received his bachelor of science degree in chemical engineering and a master of business administration from the University of Virginia, Charlottesville.
 Ingram Micro Inc. is one of three companies comprising the Ingram Distribution Group Inc. (IDGI), with the other two companies being the Ingram Book Co. and Ingram Entertainment Inc. IDGI is itself a subsidiary of Ingram Industries Inc., headquartered in Nashville, Tenn., which is one of America's larger privately held companies. Its diverse business interests also include inland marine transportation, aggregate supply, coal sales, manufacture of oil and gas wellhead equipment, oil exploration and production, and insurance.
 Ingram Micro Inc. is the world's largest wholesale distributor of microcomputer products, with more than 12,000 in stock from more than 600 of the world's leading hardware and software companies. It sells to 60,000 reseller customers in 65 countries, has distribution operations in seven, including international subsidiaries in Canada, the United Kingdom, Belgium, France, The Netherlands and Italy. The company is headquartered in Santa Ana and achieved worldwide sales of $2 billion in 1991.
 -0- 6/4/92
 /CONTACT: Wayne Stewart of Ingram Micro, 714-566-1000/ CO: Ingram Micro Inc. ST: California IN: CPR SU: PER


AL-EH -- LA002 -- 6856 06/04/92 08:01 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 4, 1992
Words:551
Previous Article:AMERICAN INTERNATIONAL GROUP INTRODUCES INNOVATIVE 'ENVIRONMENTAL PROTECTION PROGRAM'
Next Article:PIC 'N' SAVE REPORTS MAY SALES
Topics:


Related Articles
INGRAM MICRO ACHIEVES RECORD FOURTH QUARTER & YEAR-END 1991 SALES
INGRAM MICRO ANNOUNCES PROMOTION OF DAVID DUKES TO CO-CHAIRMAN AND COO
INGRAM MICRO ANNOUNCES RECORD THIRD QUARTER SALES
PHILIP M. PFEFFER NAMED PRESIDENT AND CHIEF OPERATING OFFICER OF RANDOM HOUSE INC.
Linwood 'Chip' Lacy Joins Modus Media International Board of Directors.
Ingram Micro Names Gerhard Schulmeyer, President and CEO Of Siemens Corporation, to Board of Directors.
Ingram Micro Names Orrin Ingram To Board Of Directors.
Founding Asia Pacific President Retires, Ingram Micro Appoints New Leadership.
Howard I. Atkins Joins Ingram Micro Board of Directors; Banking and Insurance Executive With Solid Financial Experience Appointed to Human Resources,...
Ingram Micro CFO to Take University Teaching Post, Will Depart Company in April 2005.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters