This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ray Sadowski, Chief Financial Officer, Avnet, Inc. (Photo: Business Wire)

Stocks in this article: AVT

Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced that Avnet Chief Financial Officer Ray Sadowski was selected as CFO of the Year by the Arizona Chapter of Financial Executives International (FEI), an association representing more than 15,000 senior finance professionals, providing peer networking opportunities, emerging issues alerts, personal and professional development, and advocacy services. The awards are determined by an independent panel of distinguished judges and are designed to recognize financial managers who have contributed to the success of their organizations.

Ray Sadowski, chief financial officer, Avnet, Inc. (Photo: Business Wire)

Ray Sadowski, chief financial officer, Avnet, Inc. (Photo: Business Wire)

“Ray has made significant contributions to our success over the years,” said Avnet CEO Rick Hamada. “This recognition of his vision and leadership is very well deserved and reflects his ongoing dedication and consistent professionalism. I’m proud and glad he's a part of our team.”

Sadowski was selected because of his role in the acquisitions of more than 65 companies, all of which have contributed to Avnet’s attaining a global leadership role in the electronic components and computer products industries. In addition, Sadowski and Roy Vallee, retired Avnet CEO, introduced a value-based management initiative in 2001 that focused on delivering a minimum 12.5 percent return on capital employed and economic profit growth. The initiative laid the foundation for Avnet’s ongoing financial performance, including strong cash flow and market capitalization. Today, Avnet’s financial strength, solid balance sheet and market leadership give customers and suppliers complete confidence in Avnet’s ability to invest in long-term, shared growth opportunities.

About Avnet

Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion. For more information, visit www.avnet.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs