Rick Hamada steps down as Avnet CEO

Rick Hamada steps down as Avnet CEO

William Amelio will be the interim CEO.

Rick Hamada

Rick Hamada

After 32 years at Avnet, CEO Rick Hamada, has left the distributor.

Hamada has been at Avnet since 1983 starting out as a technical specialist and worked across sales roles before becoming the global president of Avnet Computer Marketing in 2002. He made his way through ranks, eventually being promoted to president and COO, before taking on the CEO post in July 2011.

“On behalf of the Board, I want to thank Rick for his service and the many important contributions he has made during his 32 years with Avnet. We wish him the best in his future endeavours,” Avnet chairman, William Schumann, said.

William Amelio has been placed as the interim CEO and has more than 35 years of management and industry experience under his belt. He started his career at IBM in 1979, making his way up the ranks to general manager of worldwide operations of the PC division.

Prior to joining Avnet, he worked as the CEO and director of international oil-field service company, CHC Group; and was also the CEO of Lenovo. Amelio also spent time as the Asia-Pacific and Japan regional senior vice president at Dell.

“Bill’s extensive experience in international business operations, corporate leadership and management will help steer the company toward success in a rapidly changing industry. His proven expertise will be critical in accelerating Avnet’s growth, driving an enhanced execution focus and implementing management systems to promote greater accountability,” Schumann said.

The news of Hamada’s departure also coincides with the distributor’s updated outlook for the fourth fiscal quarter, ending July 2. The distributor expects sales to sit within the mid-range of its forecast between $US6.15 billion to $US6.25 billion.

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