Avnet names Patrick Zammit Avnet Technology Solutions Global President
American distributor Avnet has promoted Patrick Zammit to serve as global president for Avnet Technology Solutions, one of two global operating groups within Avnet. Zammit previously served as president of Avnet Electronics Marketing EMEA. Zammit will be responsible for the strategic direction, day-to-day operations and performance of the group globally. Zammit's appointment is effective immediately, and he will report directly to Avnet Chief Executive Officer Rick Hamada, succeeding Phil Gallagher. As a global IT solutions distributor, Avnet Technology Solutions transforms technology into business solutions for customers around the world. It collaborates with customers and suppliers to create and deliver services, software and hardware solutions that address the changing needs of end-user customers. The group serves customers and suppliers in North America, Latin America and the Caribbean, Asia Pacific, and Europe, Middle East and Africa. It generated €8.3 billion in annual revenue for fiscal year 2014. Zammit began his career with Arthur Andersen and joined Avnet in 1993. He held a series of positions in finance, operations and strategic planning and served as president of EBV Elektronik, an Avnet company, before being promoted to regional president of Avnet Electronics Marketing EMEA in 2006. He graduated from the Business School ESLSCA with the French equivalent of a master's degree in business administration. Zammit succeeds Phil Gallagher who remains with Avnet to help ensure a smooth leadership transition.
Avnet eyes return to European M&A scene
After taking a break to "digest" its latest acquisitions, American multispecialist Avnet could be set to get back on the M&A trail in Europe next year, with converged systems, security, and licensing renewals earmarked as key target areas. The firm has not made any buyouts in Europe for a year, since the acquisition of German embedded electronics specialist MSC. A voluntary hiatus as the distributor seemingly needed time to digest Magirus, the last major acquisition in the past seven or eight years. Now that is its ready to enter the M&A arena, Avnet may look to turn its focus towards different areas. The future deals are geared towards new competencies and higher-value market areas, such as onverged systems, security (on a pan-European basis, especially around Cisco and RSA), license renewals and services (source : Channelnomics EU).
Avnet loses its President
American multispecialist Avnet has announced that Avnet Technology Solutions Global President Phil Gallagher intends to step down from his current role to focus on new career opportunities in line with his personal goals. Mr. Gallagher will stay in place until a successor is named and will assist in a collaborative transition. The company has initiated a search to replace him and expects to have a new leader in place by the end of the calendar year.
Avnet unveils its strategy for MSC
Following the acquisition of MSC, American semiconductor specialist Avnet has finally officialized its strategy for its new subsidiary. The German distributor will manage the distribution of embedded electronics in Austria, Czech Republic, Germany, Hungary, Poland, Romania, Spain, Switzerland and Turkey, while its own Avnet Embedded will focus on the remaining European countries (namely Denmark, Finland, France, Italy, the Netherlands, Sweden and the United Kingdom).
Avnet Names Michael Buseman Chief Global Logistics and Operations Officer
Multispecialist Avnet has named Michael Buseman as chief global logistics and operations officer. As announced in July, Avnet's current global logistics and operations officer, Gerry Fay, was promoted to global president for Avnet Electronics Marketing. Buseman was selected to succeed Fay based on a strong background of more than 25 years of experience in the electronics industry. Having begun his career as a process and manufacturing engineer, Buseman is an accomplished operating and supply chain executive with global experience managing manufacturing and warehouse operations in the electronics manufacturing systems (EMS) provider space.