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Avnet Appoints Taiwan Regional President

HONG KONG — Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), has appointed a new regional president for Taiwan. Effective April 1, 2012 Vice President of Taiwan, Prince Yun will take over from industry veteran Samuel Fang who is stepping down after 16 years of championing Avnet’s business in Taiwan, and more than 35 years in the electronics distribution field. Mr. Fang will remain with the company, and has been promoted to the capacity of senior advisor, Avnet Electronics Marketing Asia.

Mr. Yun, who will report to Stephen Wong, president, Avnet Electronics Marketing Asia, has more than 24 years of industry experience and joined Avnet Electronics Marketing in Taiwan in 1995, following the acquisition and integration of Mercuries Co. Ltd. where he had honed his skills in the fields of sales and product marketing. During the next 16 years, he held a number of roles within the organization, including his leadership of the Semiconductor Marketing team as well as the Sales and FAE departments, which he had built into a major revenue contributor for the Taiwan business. With these strong results, he was promoted to vice president for Asia, Avnet Electronics Marketing Taiwan in 2010.

With his resolute drive for profitable growth, Mr. Yun has continued to contribute to Avnet’s success in the region as evidenced by the record revenues for Avnet Electronics Marketing Taiwan in fiscal year 2011, and with outstanding return on working capital (ROWC). “Samuel has been an inspirational leader for Avnet Electronics Marketing Taiwan. We would like to express our heartfelt appreciation for his exceptional contribution in growing our Taiwan business and building Avnet Electronics Marketing into one of the premier leaders in the electronics distribution industry in Taiwan,” said Stephen Wong. “Samuel is leaving the organization in excellent hands, and we sincerely wish him a pleasant and enjoyable new phase in his life.”

“In the interim, after 1 April 2012, Samuel will take a well-deserved break so that he can spend extended time with his closely-knit family, especially to enjoy his new grandchildren. Effective 2nd July, 2012, Samuel will henceforth assist me in special assignments in his new appointment as senior advisor. I am extremely delighted that Samuel has accepted this strategic role,” added Wong.

Commenting on the succession of Yun, Wong stated, “Prince Yun is the ideal choice for our next Taiwan leader – with broad experience and an excellent performance track record. With Prince at the helm, I believe Avnet will continue to enjoy business success and the customer satisfaction and loyalty which we have become renowned for, in Taiwan and around the region.”

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