Arrow Electronics Announces Carol Lowe as a New Director to Its Board

Rhea-AI Summary

Arrow Electronics (NYSE:ARW) has appointed Carol Lowe, former CFO of FLIR Systems, to its board of directors, increasing the total count to 12 members. With extensive experience in finance, strategic planning, and IT, Lowe is expected to enhance the board's capabilities significantly. She previously served as CFO at Sealed Air Corporation and has held senior finance roles across various industries, showcasing a blend of operational and financial acumen. Arrow Electronics reported $29 billion in sales in 2020, providing technology solutions to over 180,000 clients.

Positive

• Carol Lowe brings extensive experience in finance and IT to the board, enhancing strategic oversight.
• Lowe's background in improving organizational performance may lead to better operational efficiencies.

Negative

• None.

CENTENNIAL, Colo.--(BUSINESS WIRE)--

Arrow Electronics, Inc. (NYSE:ARW) announced that Carol Lowe, former executive vice president and chief financial officer of FLIR Systems, Inc., has joined the company's board of directors. The addition of Ms. Lowe increases the total number of directors on the board to 12.

“Carol brings our board valuable experience and a depth of knowledge in many aspects of finance, as well as business services, strategic planning, business development and information technology,” said Michael J. Long, chairman, president, and chief executive officer of Arrow Electronics. “She has instilled knowledge-based, performance-driven cultures throughout her career, and we look forward to her insightful contributions.”

In her most recent role at FLIR Systems, a global provider of sensing technologies, Ms. Lowe led the global finance and information technology organizations, and was responsible for sales operations, indirect procurement, and the lean/continuous improvement program. Previously, Ms. Lowe was senior vice president and chief financial officer of Sealed Air Corporation from 2012 to 2017, where she reshaped finance and IT into world-class organizations. Earlier in her career, Ms. Lowe served in roles of increasing responsibility, spanning finance and operations with companies operating in a variety of industries, including industrial technology, manufacturing, and food service.

Arrow Electronics guides innovation forward for over 180,000 leading technology manufacturers and service providers. With 2020 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/20210916005262/en/

Steven O’Brien

Vice President, Investor Relations

303-824-4544

Media Contact:

John Hourigan

Vice President, Global Communications

303-824-4586

Source: Arrow Electronics, Inc.

FAQ

Who is the new board member at Arrow Electronics as announced in the press release?

Carol Lowe, former CFO of FLIR Systems, has been appointed to Arrow Electronics' board of directors.

What experience does Carol Lowe bring to Arrow Electronics?

Carol Lowe has significant experience in finance, strategic planning, and IT, having served in senior roles at FLIR Systems and Sealed Air Corporation.

How many directors are now on Arrow Electronics' board?

With Carol Lowe's appointment, there are now 12 directors on Arrow Electronics' board.

What was Arrow Electronics' sales figure in 2020?

Arrow Electronics reported $29 billion in sales in 2020.