Avnet Inc. has removed “interim” from William Amelio’s job title.
Amelio this week was named permanent CEO at the Phoenix-based distributor of electronic parts and other technology products. William Amelio was appointed interim CEO July 11, having previously served as an independent member of the company’s board of directors.
He replaces Richard Hamada, who served as CEO since 2011. Avnet reported an 11 percent profit drop in its most recent fiscal year, which ended July 2.
“Avnet is fortunate to have someone of Bill’s character and experience,” said William Schumann, Avnet’s chairman, in a prepared statement on Amelio’s appointment. “He brings energy and focus to the business, and the board unanimously agreed that making him the permanent CEO was in the best interest of our customers, employees and shareholders.”
In his own statement, Amelio cited the company’s experienced management team and talented employees as being dedicated to serving its customers, suppliers and partners. “By better aligning these resources with our competitive-solutions specialist, embedded and supply chain strengths, Avnet will undoubtedly be positioned to achieve profitable growth for our shareholders and deliver upon the ever growing market potential in our industry,” he said.
Amelio served in various senior-management positions at other corporations, including as CEO of CHC Group, an oil-field services company, from 2010 to 2015, and CEO of Lenovo, a Fortune 500 technology company, from 2005 to 2009. He also held senior management positions at Dell and IBM. He earned a chemical engineering degree from Lehigh University and a master’s degree in management from Stanford University.