Arrow Electronics Announces Fabian Garcia as a New Director to Its Board

Rhea-AI Summary

Arrow Electronics (NYSE:ARW) has appointed Fabian Garcia, former president of Unilever North America, to its board of directors, following the retirement of M.F. (Fran) Keeth. This change maintains the board's total to 11 members. Garcia's extensive executive experience includes leadership roles at Revlon and Colgate-Palmolive, where he drove innovation and sustainable practices. Chairman Michael J. Long highlighted Garcia's growth-oriented mindset and valuable insights. Keeth, a board member for over 16 years, is recognized for her contributions during her tenure.

Positive

• Appointment of Fabian Garcia brings extensive leadership experience.
• Garcia's background in driving innovation and sustainability is a potential growth asset.
• His experience at Unilever and Revlon may enhance strategic direction.

Negative

• Retirement of Fran Keeth creates a gap in board experience and continuity.

Arrow Electronics, Inc. (NYSE:ARW) announced that Fabian Garcia, president, Unilever North America, and a member of the Unilever Leadership Executive Team, has joined the company's board of directors. The addition of Mr. Garcia and the retirement of M.F. (Fran) Keeth leaves the total number of directors on the board at 11.

“I look forward to Fabian’s insights and counsel as a member of our board. He brings valuable executive leadership experience and a proven track record of guiding innovation on a global scale,” said Michael J. Long, chairman, president, and chief executive officer of Arrow Electronics. “Fabian’s list of accomplishments and growth-oriented mindset have been enhanced by fostering sustainable business practices and inclusive corporate cultures.”

Prior to joining Unilever, Mr. Garcia was president and chief executive officer of Revlon Inc. from 2016 to 2018, where he led the company’s transformation into a digitally competitive enterprise while integrating a transformative acquisition and restoring health to iconic consumer brands. Previously, Mr. Garcia served in roles of increasing responsibility spanning marketing, customer development, global supply chain, and business services at Colgate-Palmolive Company. His tenure culminated in his position of chief operating officer responsible for global innovation and growth.

“I would like to thank Fran for her more than 16 years of valuable contributions as a member of our board and wish her well in her retirement,” added Mr. Long.

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/20210602005337/en/

FAQ

Who is the new board member appointed by Arrow Electronics?

Fabian Garcia, former president of Unilever North America, has been appointed to Arrow Electronics' board.

Why did Fran Keeth retire from Arrow Electronics' board?

Fran Keeth retired after over 16 years of service, with no specific reasons detailed in the press release.

What experience does Fabian Garcia bring to Arrow Electronics?

Garcia has a strong background in executive leadership, having led Revlon and held significant roles at Colgate-Palmolive.

How many directors are currently on Arrow Electronics' board?

With the retirement of Fran Keeth and the appointment of Fabian Garcia, Arrow's board has a total of 11 directors.

What impact might Fabian Garcia's appointment have on Arrow Electronics?

Garcia's experience in innovation and sustainable practices could positively influence Arrow's strategic growth.