Avnet, Inc. (NYSE: AVT) today announced that William H. Schumann III,
executive vice president and chief financial officer of FMC
Technologies, Inc., has been appointed to the company’s board of
directors. Mr. Schumann’s appointment brings the total number of Avnet
directors to 10, nine of whom are independent outside directors. He will
serve on both the Audit and Finance Committees.
"Bill’s experience in running global operations along with his financial
expertise should benefit Avnet as we continue to manage and develop
Avnet’s business around the world,” commented Roy Vallee, Avnet’s
chairman and chief executive officer. "Mr. Schumann is a welcome
addition to our board of directors.”
Since 2001, Schumann has served as the chief financial officer of FMC
Technologies, Inc., a leading provider of technology solutions for the
energy industry and other industrial markets, worldwide. Previously, he
served as the senior vice president and chief financial officer of FMC
Corporation, and vice president and general manager of its Agricultural
Products Group.
Mr. Schumann serves on the board of directors of Great Lakes Advisors,
an independent investment management firm, and had previously served on
the board of United Agri Products, an agricultural products distributor.
About Avnet
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest
distributors of electronic components, computer products and embedded
technology serving customers in more than 70 countries worldwide. Avnet
accelerates its partners' success by connecting the world's leading
technology suppliers with a broad base of more than 100,000 customers
and by providing cost-effective, value-added services and solutions. For
the fiscal year ended June 27, 2009, Avnet generated revenue of $16.23
billion. For more information, visit www.avnet.com.
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