MELVILLE, N.Y.--(BUSINESS WIRE)--May. 26, 2009--
Arrow Electronics, Inc. (NYSE:ARW) announced today that Peter T.
Kong has been promoted to president of the company’s global components
business, and Paul J. Reilly has been promoted to executive vice
president of finance and operations, in addition to his current position
as chief financial officer. The company also announced that Ernie Keith
has been promoted to vice president of global operations and value-added
services.
Mr. Kong previously served as president of Arrow’s Asia-Pacific
components. In his new role, he has responsibility for the company’s
components business worldwide and reports to Michael J. Long, chief
executive officer.
“Peter has been a significant contributor to Arrow’s components
business, and has a strong track record of success in sales growth for
the Asia-Pacific region,” said Mr. Long. “He brings a deep understanding
of the global markets, and this position is critical to ensure that we
maximize our success in each region.”
Mr. Kong joined Arrow in 2006 from Lear Corporation, an automotive
supplier, where he developed and implemented the company’s Asia-Pacific
growth strategy and led his business unit to record sales and
profitability.
Mr. Kong holds a master’s degree in business administration from the
University of Toronto, a master’s degree in chemical engineering from
the University of Wisconsin and a bachelor’s degree in chemical
engineering from Washington State University.
Arrow also announced that Mr. Reilly has been promoted to executive vice
president of finance and operations, in addition to his current role as
chief financial officer. Under his expanded responsibilities, Mr. Reilly
also oversees the alignment of the global operations and valued-added
services organization within the company’s functions and processes
worldwide.
“Under Paul’s leadership, Arrow has been able to operate from a position
of financial strength, creating a competitive advantage for the
company,” Mr. Long said.
Mr. Reilly joined Arrow in 1991 and was appointed to positions of
increasing responsibility. He was named chief financial officer in 2001
and senior vice president in 2005. He holds a bachelor’s degree in
accounting from St. John’s University and is a certified public
accountant.
Ernie Keith, who previously served as vice president of operational
excellence, has been promoted to vice president of global operations and
value-added services, and now reports to Mr. Reilly.
“Ernie has played a critical role in driving operational and process
improvements at Arrow, and he will continue to do so in his expanded
role,” Mr. Long said.
Mr. Keith joined Arrow in 2006 from Hewlett-Packard and holds a
bachelor’s degree in mechanical and electrical engineering from the
University of Idaho.
“Today’s announcement also underscores Arrow’s commitment to operate
with solid talent development and succession plans. We have an extensive
talent pool of leaders who have the deep industry knowledge and
experience to maximize Arrow’s success well into the future,” said Mr.
Long.
About Arrow Electronics
Arrow Electronics (www.arrow.com)
is a global provider of products, services and solutions to industrial
and commercial users of electronic components and enterprise computing
solutions. Headquartered in Melville, N.Y., Arrow serves as a supply
channel partner for approximately 800 suppliers and 130,000 original
equipment manufacturers, contract manufacturers and commercial customers
through a global network of more than 340 locations in 53 countries and
territories.
Source: Arrow Electronics, Inc.
Arrow Electronics, Inc.
Michael Taunton, 631-847-5680
Vice
President & Treasurer
Paul J. Reilly, 631-847-1872
Executive
Vice President and Chief Financial Officer
John Hourigan,
303-824-4586
Director, External Communications