Ingram Micro, the world's largest wholesale computer and software distributor, has finally ended a six-month search for a new chief executive officer and president with the announcement yesterday that Kent B. Foster will take the helm.
Jerre Stead, the former CEO, will remain chairman of the board until his retirement in May at the company's annual meeting of shareowners, at which Foster will succeed him as chairman.
The company also announced a number of other changes in its organisation, including naming Kevin M. Murai the new executive vice president of the company and president of the US operating division, as well as the retirement of 65-year-old J. Phillip Samper from the company's board of directors.
Foster, who was a manager with GTE for 20 years before joining Ingram Micro, will replace Samper on the board.
Ingram Micro operates in 34 countries and had sales exceeding $US28 billion in 1999.