Arrow Electronics Names Rajesh K. Agrawal as Chief Financial Officer

Rhea-AI Summary

Arrow Electronics (NYSE:ARW) has appointed Rajesh (Raj) K. Agrawal as the new senior vice president and chief financial officer, effective Sept. 6. Agrawal previously served as executive vice president and CFO at Western Union since 2014, where he managed mergers and acquisitions and global operations. His extensive background also includes leadership roles at Deluxe Corp., General Mills, Chrysler Corp., and General Motors Corp. CEO Sean Kerins expressed confidence in Agrawal's capability to drive Arrow's growth and success.

Positive

• Rajesh Agrawal's extensive experience in finance and leadership roles may enhance Arrow's financial strategies.
• Appointment of a CFO with a strong background in M&A indicates potential for strategic growth.

Negative

• None.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE:ARW) announced today it has named Rajesh (Raj) K. Agrawal as senior vice president and chief financial officer, effective Sept. 6.

Agrawal joins Arrow from Western Union where he has served as executive vice president and CFO since 2014. During his tenure as CFO, he also intermittently held the senior positions of head of mergers and acquisition strategy as well as global operations.

In addition to serving in other various finance and business leadership roles at Western Union, Agrawal held progressively senior roles with Deluxe Corp., General Mills, Inc., Chrysler Corp., and General Motors Corp.

“Raj’s strong financial and business leadership makes him the ideal executive to lead our finance team,” said Sean Kerins, president and chief executive officer of Arrow. “I look forward to him being an instrumental part of driving the continued growth and success of Arrow.”

Agrawal holds a Master of Business Administration from Columbia University and a Bachelor of Science degree in engineering from the GMI Engineering & Management Institute, renamed Kettering University in 1997.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life. Learn more at fiveyearsout.com.

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Arrow Electronics, Inc.

John Hourigan

303-824-4586

Source: Arrow Electronics

FAQ

Who is the new CFO of Arrow Electronics (ARW)?

Rajesh Agrawal has been appointed as the new CFO of Arrow Electronics, effective Sept. 6.

What prior experience does Rajesh Agrawal have before joining Arrow Electronics?

Agrawal was the CFO of Western Union and held senior roles at Deluxe Corp., General Mills, Chrysler Corp., and General Motors Corp.

When did Rajesh Agrawal start as CFO of Arrow Electronics?

Rajesh Agrawal officially took on the role of CFO at Arrow Electronics on Sept. 6.

What is Arrow Electronics' stock symbol?

The stock symbol for Arrow Electronics is ARW.

What is the significance of Rajesh Agrawal's appointment for Arrow Electronics?

Agrawal's appointment signals a focus on strengthening financial strategies and potential growth through his M&A experience.