Avnet, Inc. (AVT)

47.69 +0.18 (+0.38%) At close: 04:00PM EDT

Avnet, Inc.

2211 South 47th Street
Phoenix, AZ 85034
United States
480-643-2000
https://www.avnet.com

Sector(s): Technology
Industry: Electronics & Computer Distribution
Full-time employees: 15,800

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Philip R. Gallagher	CEO, Member of Exec. Board & Director	3.9M	N/A	1961
Mr. Michael Ryan McCoy	Sr. VP, Gen. Counsel, Chief Legal Officer & Member of Exec. Board	1.29M	N/A	1976
Mr. Ken E. Arnold	Sr. VP, Chief People Officer & Member of Exec. Board	1.11M	N/A	1964
Mr. Leng-Jin Chan	Sr. VP & Chief Information Officer	847.92k	N/A	1972
Mr. Kenneth A. Jacobson	Controller, Principal Accounting Officer & CFO	N/A	N/A	1978
Ms. Elizabeth A. McMullen	Sr. VP of Global Operations	N/A	N/A	1960
Mr. Joseph Burke	VP of Treasury & Investor Relations	N/A	N/A	N/A
Heather Vana	Sr. Director of Communications	N/A	N/A	N/A
Mr. Ger Purcell	Sr. VP of Information Technology	N/A	N/A	N/A
Ms. Rebeca Obregon-Jimenez	Sr. VP of Strategic Bus. Engagements & Supplier Management	N/A	N/A	1970

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions primarily for industrial applications, as well as embedded display solutions comprising touch and passive displays; and develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

Corporate governance

Avnet, Inc.’s ISS governance QualityScore as of 1 September 2023 is 2. The pillar scores are Audit: 4; Board: 2; Shareholder rights: 2; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.