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Ingram Micro Names New President, Operating Chief

Author:

Ingram Micro

(IM)

, a wholesale provider of technology products and services, named Michael Grainger president and chief operating officer of its worldwide operations.

Grainger, 48, currently serves as the Santa Ana, Calif., company's executive vice president and chief financial officer. Before joining Ingram, Grainger was the financial chief of

Coble Systems

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, a common carrier and truck leasing company.

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Ingram, which has begun a search for a new CFO, said Grainger will retain his responsibilities until the company names a replacement. Additional information wasn't immediately available.

Shares of Ingram recently rose 69 cents, or 6.1%, to $11.94 in

New York Stock Exchange

trading.