Andy King to Retire From Arrow Electronics, Inc.

Rhea-AI Summary

Arrow Electronics (NYSE:ARW) announced the retirement of Andy King, president of the global components business, effective December 31, 2020. King has contributed significantly to the company's success over his 34 years. David West, currently senior vice president of worldwide supplier marketing and engineering, will succeed him. West brings 22 years of leadership experience at Arrow, indicating continuity in the components segment's strategic direction. Arrow reported 2019 sales of $29 billion, supporting technology solutions for over 175,000 manufacturers and service providers.

Positive

• David West's promotion may ensure continuity in leadership and strategy.

Negative

• The retirement of a long-standing president could lead to transitional uncertainties.

Arrow Electronics, Inc. (NYSE:ARW) today announced that Andy King is retiring from the company as president of the global components business, effective December 31, 2020.

“Andy has been an instrumental part of driving the growth and success of Arrow during his 34 years at the company,” said Michael J. Long, chairman, president, and chief executive officer of Arrow. “He has been a valuable member of our leadership team, and we wish him all the best in his well-deserved retirement.”

Following Mr. King’s retirement, David West, senior vice president of worldwide supplier marketing and engineering for Arrow, will be named president of the global components business, reporting to Mr. Long. “David has held wide-ranging leadership positions during his 22 years at Arrow, overseeing all critical aspects of our components segment,” said Mr. Long. “I look forward to seeing the business continuing to thrive and innovate under David’s direction.”

Arrow Electronics guides innovation forward for over 175,000 leading technology manufacturers and service providers. With 2019 sales of $29 billion, Arrow develops technology solutions that improve business and daily life. Learn more at fiveyearsout.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201215005398/en/

FAQ

Who is retiring from Arrow Electronics and when?

Andy King is retiring as president of the global components business effective December 31, 2020.

Who will succeed Andy King at Arrow Electronics?

David West will succeed Andy King as president of the global components business.

What position does David West currently hold at Arrow Electronics?

David West is currently the senior vice president of worldwide supplier marketing and engineering.

What was Arrow Electronics' sales figure in 2019?

Arrow Electronics reported sales of $29 billion in 2019.

How long did Andy King serve at Arrow Electronics?

Andy King served at Arrow Electronics for 34 years.