I've had the pleasure of working very closely with the Avnet organization the past two years in my previous role at Tyco Electronics. Without a doubt a first class professional organization and a real pleasure to work with. Rick will step in and not miss a beat with Avnet's pipeline of great senior leaders right behind him!
The distribution industry did go through a period of turmoil during the mid to late 1990s. At that time, many companies were run by their founders or members of their founding families. In many cases, that was also the succession plan. The pressures of going public and running a global business created a demand for managers that came up through the business side of things (known as "MBA-types" in those days.) For the big players such as Avnet and Arrow, I think transition is now more carefully planned out and companies are more likely to go "outside the family" for the next CEO.
What an impressive company bio that was described in this article. No wonder Avnet can celebrate 50 years on the NASDAQ. The smooth succession of CEOs obviously is as a result of the company's hard work on prepearing future leaders within the company coupled with its value based culture of integrity, customer service, and respect.
Hamada's cross trainings in sales, marketing, and business while under the supervision of Vallee will obviously pay off in his new role as CEO. Team work in Avnet is a solid foundation to future successes.
It is wonderful to see that each of these leaders in Avnet rose through the ranks and have gathered a lot of experience along the way. This is definitely the blue print for a success that other companies need to emulate.
This clearly shows what a stable clear visioned leadership team can do for a company. We often see companies hickup when new management is put in place. If you have a good, working formula, there is no need to change it. It will only strengthen Avnet's market position going forward.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.